Alphabet Inc (GOOGL) 20 Days SMA touches 1.08%: The odds favor the bear

SQ

Alphabet Inc (NASDAQ: GOOGL) kicked off on Monday, down -0.99% from the previous trading day, before settling in for the closing price of $149.00. Over the past 52 weeks, GOOGL has traded in a range of $88.57-$153.78.

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Communication Services Sector giant saw their annual sales surged by 18.09% over the last five years. While this was happening, its average annual earnings per share was recorded 17.31%. With a float of $5.87 billion, this company’s outstanding shares have now reached $5.90 billion.

Alphabet Inc (GOOGL) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Alphabet Inc is 52.78%, while institutional ownership is 37.55%. The most recent insider transaction that took place on Feb 07, was worth 3,291,549. In this transaction Chief Executive Officer of this company sold 22,500 shares at a rate of $146.29, taking the stock ownership to the 2,377,691 shares. Before that another transaction happened on Feb 01, when Company’s VP, Chief Accounting Officer sold 660 for $143.59, making the entire transaction worth $94,769. This insider now owns 27,920 shares in total.

Alphabet Inc (GOOGL) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $1.64 earnings per share (EPS), higher than consensus estimate (set at $1.59) by $0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.68 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 17.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.25% during the next five years compared to 21.56% growth over the previous five years of trading.

Alphabet Inc (NASDAQ: GOOGL) Trading Performance Indicators

Take a look at Alphabet Inc’s (GOOGL) current performance indicators. Last quarter, stock had a quick ratio of 2.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.97. Likewise, its price to free cash flow for the trailing twelve months is 26.39.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.81, a number that is poised to hit 1.51 in the next quarter and is forecasted to reach 7.84 in one year’s time.

Technical Analysis of Alphabet Inc (GOOGL)

Analysing the last 5-days average volume posted by the [Alphabet Inc, GOOGL], we can find that recorded value of 25.06 million was lower than the volume posted last year of 29.26 million. As of the previous 9 days, the stock’s Stochastic %D was 70.90%. Additionally, its Average True Range was 3.06.

During the past 100 days, Alphabet Inc’s (GOOGL) raw stochastic average was set at 81.38%, which indicates a significant increase from 63.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.41% in the past 14 days, which was higher than the 29.40% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $140.48, while its 200-day Moving Average is $130.68. Now, the first resistance to watch is $148.79. This is followed by the second major resistance level at $150.04. The third major resistance level sits at $150.75. If the price goes on to break the first support level at $146.82, it is likely to go to the next support level at $146.11. Should the price break the second support level, the third support level stands at $144.86.

Alphabet Inc (NASDAQ: GOOGL) Key Stats

The company with the Market Capitalisation of 1834.24 billion has total of 12,516,000K Shares Outstanding. Its annual sales at the moment are 282,836 M in contrast with the sum of 59,972 M annual income. Company’s last quarter sales were recorded 76,693 M and last quarter income was 19,689 M.