Google (GOOGL)

Financial Performance

Google's revenue in the last quarter was $88.3B, showing a growth of 4.3% from the previous quarter and a year-over-year increase of 2.3%. The gross profit stood at $51.8B, marking an improvement by 5.4% from the preceding quarter and a rise of 6.3% year over year. The operating income profit also exhibited positive trends with $28.5B, up by 4% quarterly and up by a significant 20.4% annually. The EBITDA ratio for the last quarter was recorded as being at a healthy level of 0.4.

Stock Price

The stock is currently trading at $169.23, reflecting an increment of 2.3% in the past month and a substantial appreciation of 25.5% over the past year which indicates strong investor confidence in Google's performance and future prospects.The RSI value stands at around mid-range (35.88), suggesting that it is neither overbought nor oversold at this time while its above-average PE ratio (22.44) signals high expectations for future earnings growth.The stock’s moving average over the past 200 days ($164) suggests that it has been on an uptrend.

Alternative Data Signals

The web traffic to Google's site shows a monthly increase of about +3%, however there is a decrease when compared to last year (-32%). This could be due to increased competition or changes in user behavior but doesn't necessarily indicate poor performance as Google still boasts enormous traffic numbers.A surge can be seen in app downloads indicating growing use of their mobile applications (+2256%). Furthermore, though job openings have decreased (-25%), a high percentage of employees (74%) have reported having a positive business outlook, which is a good sign for the company culture and future growth. Google's social media following has seen steady growth across all platforms, suggesting strong brand presence and engagement.

Conclusion

In conclusion, Google's financial performance and stock price trends indicate robust health and potential for continued growth. The alternative data signals present a mixed picture with some areas showing strong performance while others show slight declines. Overall, the analysis is bullish on Google’s stock.

Note: This AI Stock Analysis is based on data as of November 28. 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 Google (GOOGL), currently trading at $169, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.