$21.31M in average volume shows that Alphabet Inc (GOOG) is heading in the right direction

A new trading day began on November 20, 2023, with Alphabet Inc (NASDAQ: GOOG) stock priced at $135.50, up 0.72% from the previous day of trading. During the day, the shares moved up to $138.425 and dropped to $135.49 before settling in for the closing price of $136.94. GOOG’s price has ranged from $85.57 to $142.38 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 20.89%. Meanwhile, its annual earnings per share averaged 25.88%. With a float of $5.33 billion, this company’s outstanding shares have now reached $6.00 billion.

Considering the fact that the conglomerate employs 190234 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +55.07, operating margin of +25.95, and the pretax margin is +25.39.

Alphabet Inc (GOOG) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Alphabet Inc is 57.44%, while institutional ownership is 27.98%. The most recent insider transaction that took place on Nov 10, was worth 26,583. In this transaction Director of this company sold 200 shares at a rate of $132.92, taking the stock ownership to the 7,184 shares. Before that another transaction happened on Nov 07, when Company’s Director sold 75,000 for $131.09, making the entire transaction worth $9,831,588. This insider now owns 85,338 shares in total.

Alphabet Inc (GOOG) Earnings and Forecasts

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $1.55 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +21.35 while generating a return on equity of 23.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.36 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 25.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.48% during the next five years compared to 38.33% growth over the previous five years of trading.

Alphabet Inc (NASDAQ: GOOG) Trading Performance Indicators

Here are Alphabet Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.82. Likewise, its price to free cash flow for the trailing twelve months is 22.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.22, a number that is poised to hit 1.60 in the next quarter and is forecasted to reach 6.68 in one year’s time.

Technical Analysis of Alphabet Inc (GOOG)

Compared to the last year’s volume of 25.92 million, its volume of 20.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 87.26%. Additionally, its Average True Range was 2.88.

During the past 100 days, Alphabet Inc’s (GOOG) raw stochastic average was set at 83.20%, which indicates a significant decrease from 93.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.50% in the past 14 days, which was lower than the 28.49% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $134.60, while its 200-day Moving Average is $120.03. Nevertheless, the first resistance level for the watch stands at $139.07 in the near term. At $140.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $142.00. If the price goes on to break the first support level at $136.13, it is likely to go to the next support level at $134.34. Should the price break the second support level, the third support level stands at $133.20.

Alphabet Inc (NASDAQ: GOOG) Key Stats

With a market capitalization of 1726.21 billion, the company has a total of 12,516,000K Shares Outstanding. Currently, annual sales are 282,836 M while annual income is 59,972 M. The company’s previous quarter sales were 76,693 M while its latest quarter income was 19,689 M.


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