Drilling Down Into Alphabet Inc. (GOOG)

Alphabet Inc. (GOOG) is an interesting player in the Technology space, with a focus on Internet Information Providers. The stock has been active on the tape, currently trading at $1064.95, down from yesterday’s close by -0.54%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Alphabet Inc. (GOOG) currently trades with a market capitalization of $725.14 Billion. That value represents a market adjusting for revenues that have been growing by 23.70 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $24.28 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $9.98 on a per share basis this quarter. Perhaps, that suggests something about why 27.32% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Alphabet Inc. recorded a 52-week high of $1078.49. It is now trading 13.54% off that level. The stock is trading $1,020.87 its 50-day moving average by -1063.95%. The stock carved out a 52-week low down at $770.41.

In recent action, Alphabet Inc. (GOOG) has made a move of +2.94% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 18.6, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.63% with $602.69 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GOOG.

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