Alphabet (GOOGL) Stock Price

Financial Performance

Alphabet's revenue last quarter was $90.2B, down by -6.5% from the previous quarter. Their gross profit was $53.9B, which is also down by -3.6%. The operating income profit was $30.6B, a decrease of -1.2% from the previous quarter, indicating a slight decline in their profitability ratios such as EBITDA ratio at 0.51.

Stock Price

The current stock price for Alphabet is $203.9 which has seen an increase of 12% in the past month and up by 25.1% year over year, indicating strong bullish momentum in the market for Alphabet shares. The technical analysis shows that the RSI value is currently at 73.47 suggesting that it might be getting into overbought territory and may see some pullback soon while its PE ratio stands at 21.74 which indicates that investors are willing to pay high multiple for each dollar of earnings given Alphabet’s strong growth prospects.

Alternative Data Signals

The company's web traffic is increasing with an estimated monthly visitors count of around 84453296855, up by 3%. In terms of app downloads, Alphabet's apps are being downloaded approximately 65000000 times per day showing significant user engagement and popularity among consumers worldwide across different platforms (Android/iOS). However, there seems to be a slowdown in hiring with job openings decreasing by -25% month over month and -40% YoY but employee sentiment remains positive with about three-fourths reporting a positive business outlook.

Social Media Presence

In terms of social media presence, Alphabet has seen consistent growth across all platforms, with a notable 230% increase in TikTok followers over the last 90 days. This indicates Alphabet’s strong brand presence and its ability to engage with a diverse audience.

Conclusion

In conclusion, despite some slowdown in financial performance and hiring trend, Alphabet's stock remains bullish due to strong stock price performance, positive alternative data signals like web traffic and app downloads, as well as robust social media presence.

Note: This AI Stock Analysis is based on data as of August 16. 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 $209.2, 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.