Alphabet (GOOGL) Stock Price

Financial Performance

Alphabet's financial performance shows mixed signals. The company reported a revenue of $90.2B in the last quarter, which is down by -6.5% from the previous quarter. Their gross profit was also down by -3.6%, standing at $53.9B. Operating income profit slightly decreased as well, marking a -1.2% change from the previous quarter with a value of $30.6B. These figures show some decline in profitability, however, Alphabet's EBITDA ratio remains strong at 0.51.

Stock Price

The current stock price stands at $179.53 and has seen an increase of 2.8% over the past month but a decrease of -5.8% year over year indicating some volatility in its performance on the market.The RSI value currently stands at 63.59, suggesting that it is neither oversold nor overbought while the stock's 200-day moving average is $172.61 showing an upward trend.

Alternative Data Signals

There are several positive alternative data signals for Alphabet: web traffic has increased by 3.1% month-over-month; app downloads have dramatically increased both month-over-month (1976%) and year-over-year (2267%). However, job postings have reduced by -20% YoY and employee business outlook remains unchanged with around three-quarters reporting positive sentiment.

Social Media Presence

The company enjoys significant social media presence across platforms with steady growth observed over the last 90 days: Twitter followers are up by 5%, Instagram followers increased by about 6%, TikTok saw a massive jump with followers increasing by more than double, and Facebook followers increased slightly by 0.9%. This shows that Alphabet continues to engage effectively with its audience on social platforms.

Conclusion

In conclusion, despite some financial declines in the short term, Alphabet's strong EBITDA ratio, positive alternative data signals, robust and growing social media presence suggest a generally positive outlook for the company. Therefore, it is reasonable to have a bullish stance towards Alphabet's stock performance.

Note: This AI Stock Analysis is based on data as of July 05. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

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 $180.2, 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.