GOOGL Stock Summary and Trading Ideas (Alphabet - Class A | NASDAQ:GOOGL)

Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet's revenue, of which more than 85% is from online ads. Other Google services revenue is from sales of apps and content on Google Play and YouTube, as well as sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home. Google's cloud computing offerings account for a bit more than 10% of total Alphabet revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.

Alphabet - Class A trades on the NASDAQ stock market under the symbol GOOGL.

As of April 19, 2024, GOOGL stock price declined to $154.09 with 28,012,016 million shares trading.

GOOGL has a beta of 1.09, meaning it tends to be more sensitive to market movements. GOOGL has a correlation of 0.20 to the broad based SPY ETF.

GOOGL has a market cap of $1.92 trillion. This is considered a Mega Cap stock.

Last quarter Alphabet - Class A reported $86 billion in Revenue and $1.64 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.05.

In the last 3 years, GOOGL stock traded as high as $160.22 and as low as $83.34.

The top ETF exchange traded funds that GOOGL belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

GOOGL has outperformed the market in the last year with a price return of +47.9% while the SPY ETF gained +21.2%. GOOGL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.3% and +1.0%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

GOOGL support price is $153.65 and resistance is $158.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GOOGL stock will trade within this expected range on the day.