Alphabet Inc (NASDAQ:GOOG) has a beta value of 1.04 and has seen 16.15 million shares traded in the last trading session. The company, currently valued at $2079.96B, closed the last trade at $170.68 per share which meant it lost -$1.97 on the day or -1.14% during that session. The GOOG stock price is -13.26% off its 52-week high price of $193.31 and 24.94% above the 52-week low of $128.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.73 million shares traded. The 3-month trading volume is 17.92 million shares.
The consensus among analysts is that Alphabet Inc (GOOG) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 29 have rated it as a Hold, with 27 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.11.
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Alphabet Inc (NASDAQ:GOOG) trade information
Sporting -1.14% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GOOG stock price touched $170.68 or saw a rise of 7.13%. Year-to-date, Alphabet Inc shares have moved 21.11%, while the 5-day performance has seen it change 1.39%. Over the past 30 days, the shares of Alphabet Inc (NASDAQ:GOOG) have changed 1.26%. Short interest in the company has seen 36.07 million shares shorted with days to cover at 2.4.
Wall Street analysts have a consensus price target for the stock at $159.5, which means that the shares’ value could drop -7.01% from current levels. The projected low price target is $117.0 while the price target rests at a high of $312.0. In that case, then, we find that the current price level is -82.8% off the targeted high while a plunge would see the stock lose 31.45% from current levels.
Alphabet Inc (GOOG) estimates and forecasts
Figures show that Alphabet Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 0.50% over the past 6 months, with this year growth rate of 37.41%, compared to 5.90% for the industry. Revenue growth from the last financial year stood is estimated to be 13.90%.
33 analysts offering their estimates for the company have set an average revenue estimate of 96.64B for the current quarter. 24 have an estimated revenue figure of 89.99B for the next ending quarter. Year-ago sales stood 86.31B and 80.54B respectively for this quarter and the next, and analysts expect sales will grow by 12.00% for the current quarter and 13.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.56% over the past 5 years. Earnings growth for 2024 is a modest 37.84% while over the next 5 years, the company’s earnings are expected to increase by 17.60%.
GOOG Dividends
Alphabet Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.40 at a share yield of 0.23%. The company’s dividend yield has gone up over the past 12 months.
Alphabet Inc (NASDAQ:GOOG)’s Major holders
Insiders own 0.02% of the company shares, while shares held by institutions stand at 62.43% with a share float percentage of 62.44%. Investors are also buoyed by the number of investors in a company, with Alphabet Inc having a total of 4981.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 414.41 million shares worth more than $76.01 billion. As of 2024-06-30, VANGUARD GROUP INC held 3.338% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 355.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $65.17 billion and represent 2.8621% of shares outstanding.
