Alphabet Inc (NASDAQ:GOOGL) P/E Ratio At 32.62

It is not a wise decision to invest in the stocks without even giving a thought to market expert’s recommendations. Investors can fail to categorize the quality bargains, consequently falling into a trap of fruitless investment. However, they can avoid such kind of investment mistakes by looking out for the financial ratios of a company. The first ratio that tops the checklist of financial ratios is Price-to-Earnings ratio, which for Alphabet Inc (NASDAQ:GOOGL) stands at 32.62 .

For FY2016 the P/E projection stands at 19.07 compared to FY2017 P/E estimate of 22.31. This specific financial ratio is broadly used by market experts, research groups and investors to short-list stocks that make an attractive investment. The two figures used to compute P/E ratio are the latest stock price and firm’s earning per share.

In previous trading session, Alphabet Inc (NASDAQ:GOOGL) closed at $762.90, and today’s stock marked a high of $770.04 and a low of $755.20. Alphabet Inc. is a NMS public traded organization with a market capitalization of $529.78B. The daily volume averaged at 2642540 in last three months.

Highlighting more technical parameters, $739.22 is the 50-day moving average of stock with the last closing price +4.12% points away from it. Presently, the stock is hovering +5.30% off the 200-day moving average. Alphabet Inc.’s latest price is $-5.02% off its 52-week high of $810.35 and $+45.50% away from low of $529.00 in same period.

The updated poll data confirms that the stock has potential to hit $926.80 in 2017. The mean EPS stood at $23.59 last year, and for this quarter, it is predicted at $8.20. First Call stated that the firm’s per-share-earnings can come at $34.50 this year, and $40.36 next year.

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