Alphabet (GOOGL) Stock Price

Financial Performance

Alphabet's last quarter revenue was $90.2B, showing a decrease of -6.5% from the previous quarter. The gross profit was $53.9B, down by -3.6% from the previous quarter while operating income profit was $30.6B, slightly down by -1.2% from the previous quarter. Despite these slight decreases, Alphabet maintains a strong EBITDA ratio of 0.51.

Stock Price

The current trading price for Alphabet is $254.72 which has shown significant growth with an increase of 24.9% in the last month and an impressive rise of 55.7% year over year.The RSI value at 86.59 indicates that the stock might be overbought and could be due for a correction, but this should be considered alongside other factors such as PE ratio (27.16) and EPS (9.38). The stock's robust performance is also supported by its upward trend relative to its 200-day moving average ($183)

Alternative Data Signals

In terms of alternative data signals, Alphabet's web traffic stands at approximately 83 billion visitors per month albeit witnessing a slight dip in recent times (-0.7% MoM). Mobile app downloads are also slightly lower than before (-1.% MoM), however it still boasts an impressive number of daily downloads (64 million). Job openings remain stable indicating steady business operations while employee outlook remains positive which can influence investor sentiment positively towards Alphabet's stock performance.Alphabet’s social media following across various platforms like Twitter, Instagram,TikTok,and Facebook have been growing steadily over time.

Conclusion

In conclusion,the analysis is bullish for Alphabet's stock considering the strong financial performance, significant increase in stock price and positive alternative data signals such as employee outlook and growing social media following. However, investors should be cautious about the RSI value indicating overbought conditions which might lead to a potential correction in the near future.

Note: This AI Stock Analysis is based on data as of September 20. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Alphabet (GOOGL), currently trading at $247.6, will... Sign up to access price prediction.