Large-cap Technology company Alphabet has moved 8.6% so far today on a volume of 81,683,316, compared to its average of 36,908,270. In contrast, the S&P 500 index moved 0.0%.
Alphabet trades 2.11% away from its average analyst target price of $224.78 per share. The 49 analysts following the stock have set target prices ranging from $166.0 to $270.0, and on average have given Alphabet a rating of buy.
Anyone interested in buying GOOGL should be aware of the facts below:
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Alphabet's current price is 233.9% above its Graham number of $68.74, which implies that at its current valuation it does not offer a margin of safety
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Alphabet has moved 35.1% over the last year, and the S&P 500 logged a change of 16.2%
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Based on its trailing earnings per share of 9.38, Alphabet has a trailing 12 month Price to Earnings (P/E) ratio of 24.5 while the S&P 500 average is 29.3
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GOOGL has a forward P/E ratio of 25.6 based on its forward 12 month price to earnings (EPS) of $8.96 per share
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Its Price to Book (P/B) ratio is 7.66 compared to its sector average of 4.19
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Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
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Based in Mountain View, the company has 187,103 full time employees and a market cap of $2.78 Trillion. Alphabet currently returns an annual dividend yield of 0.5%.
