Market participants are monitoring the movement of Alphabet Inc (NASDAQ:GOOGL)’s stock, which opened the session at $765.87 from the last close of $760.12 and was seen trading at $759.47 on a volume of 1171867 shares. Today, the stock registered a low of $755.77 and a high of $767.13. Alphabet Inc., a NMS public traded entity, at present has a market cap of $522.76B and has noted an average volume of 2525000 shares for a period of the last three months.
Alphabet Inc (NASDAQ:GOOGL)’s stock’s52-Week price range is $529.00 – 810.35. The dividend yield is N/A% and the short ratio at 1.76. Investment firms have divulged their earnings estimates and future stock movement. At one end where the short-term target is estimated at $926.82, the EPS in last year was 23.59. For imminent quarter, the stock’s estimated EPS is $8.21, for this fiscal at $34.52 and for the next fiscal at $40.40.
Alphabet Inc (NASDAQ:GOOGL)’s 50-Day MA sits at $744.88. The last close places it +1.96% away from $744.88. At the same time, the stock is $-50.88 or -6.28%% off its 52-week high of $810.35 while $230.47 or +43.57%% away from 52-week low of $529.00.
P/E ratio is one of the comprehensively applied and accepted stock valuation metrics. In simple words, it can be stated as a ratio of current share price compared to annual EPS. It highlights the sentiment of the shareholders. If the ratio is low, it signifies investors are expecting dismal earnings growth in the upcoming period.
Price to earnings ratio implies how cheap or expensive a firm’s stock is. If P.E ratio of any stock is 10, it tells that stakeholders are willing to pay ten times of a firm’s earning to buy that stock. The price to earnings ratio of Alphabet Inc (NASDAQ:GOOGL) is currently at 32.19. The market expects stock’s Price-to-current year EPS to come at 22.00 while for next year is 18.80. Its book value is $175.07 and the price-to-book ratio is 4.34. Also, the price-to-sales ratio is seen at 6.98.
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