Alphabet Inc. (GOOG): Where It’s Really At

The stock of Alphabet Inc. (NASDAQ:GOOG) has been Reiterated to Buy by The Benchmark Company in its latest research note that was published on July 26. GOOG has given a price target of $1360 by The Benchmark Company, with other Wall Street analysts also giving their reports regarding the stock. BofA/Merrill analysts again handed out a Buy rating to GOOG stock but they lifted target price for the shares in a flash note to investors on July 26. The price target has been raised from $1350 to $1450.

Alphabet Inc., which has current market capitalization of above $840 Billion, published its last quarter earnings on June 30, 2019.

GOOG surged by $21.69 during the normal trading session on Thursday and reaching a high of $1,241.86 during the day while it closed the day at $1,234.25. The Alphabet stock had a high trading volume of 1.70 million shares on that day, which is high compared to the average daily volume of 1.38M shares. GOOG has also gained 1.89% of its value over the past 7 days. However, the stock has surged by 13.36% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.11% while it has added 19.18% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.47% from its 3 months high price. However, taking another look at GOOG will indicate that it is trading +15.11% away from its 90-day low. Looking at the bigger picture, the Alphabet Inc. stock has dropped by -4.27% from its 52-week high while it has surged by +27.23% from its 52-week low price.

On September 05, 2019 HENNESSY JOHN L, Director sold 75 shares of the company. The average price for that transaction was $1200 per share, which meant that HENNESSY JOHN L earned $90000 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with VP, Chief Accounting Officer, O’Toole Amie Thuener selling 54 shares of this stock on September 05, 2019. The average selling price for the stock was $1191.53 per share, with the sold stock accruing $64342.62. Following this transaction, the VP, Chief Accounting Officer O’Toole Amie Thuener now holds 44482 shares of the company, which is worth around $54275602.

Alphabet has around 17 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $37 Trillion. The Alphabet stock is bringing in revenue of over 12 months, which is roughly 39 Trillion. Despite all that, Alphabet Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 19.25%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 80.24%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 91.91%. Over the past 20 days, Alphabet’s Stochastic %K stood at 89.76% while its Stochastic %D was revealed to be 85.75%.