Alphabet Inc. (GOOG), a Communication Services Internet Content & Information business, saw its stock trade 1,434.00 common shares, a lower amount when compared to its 10-day trading volume of 1.87M.
Alphabet Inc. (GOOG) stock is quoted at $1,434.00, down -51.94 cents or -3.50% on the day.
The Irish Data Protection Commission (DPC) announced the probe today, writing in a statement: “The issues raised within the concerns relate to the legality of Google’s processing of location data and the transparency surrounding that processing.”
Irish regulators have launched separate inquiries into Google (GOOG) and dating app Tinder over how they process user data, in a new round of regulatory scrutiny aimed at tech companies. Ireland’s Data Protection Commission said Tuesday that it decided to look into how Google (GOOGL) handles location data after a number of consumer groups across the European Union filed complaints. The commission opened an investigation into Google’s Irish subsidiary to determine whether the U.S. search giant “has a legal basis for processing the location data of its users” and whether it meets transparency obligations under the EU’s strict General Data Protection Regulation, or GDPR.
Google parent company Alphabet (GOOG, GOOGL) reported its Q4 2019 earnings after the closing bell on Monday, missing Wall Street’s expectations on revenue, but beating on earnings per share.
Here are the most important numbers from the report, and how they stack up to analysts’ predictions.
Revenue: $37.57 billion Ex-TAC versus $38.38 billion EX-TAC expected.
Earnings per share: $15.35 versus $12.49 expected.
YouTube: $4.7 billion.
Cloud: $2.6 billion.
Alphabet Inc. (GOOG) Key Technicals:
The average 10-day trading volume of Alphabet Inc. (GOOG) is 1.87M compared to 1.41M over the last 3 months which indicates an increase in trading activity. At the time of writing, Alphabet Inc. (GOOG) has a 50-day moving average of $1,409.34 and a 200-day moving average of $1,279.27. These moving averages are popular technical details that investors use to analyze price trends of Alphabet Inc. (GOOG).
Approximately 0.56% of the shares of the company are short sold from investors betting the stock might trade lower. Alphabet Inc. (GOOG) stock is indicating its 1.89% to 1.50% more volatile than the overall market.
Technically, GOOG’s short term support levels are around $1460.75, $1434.26 and $1410.61 on the downside. GOOGs short term resistance levels are $1511.98 and $1493.12 on the upside.
Based on technical analysis, GOOG has short term rating of Bullish (0.44), Intermediate rating of Very Bullish (0.60) and the long-term rating of Very Bullish (0.58) giving it an overall rating of Very Bullish (0.54).
GOOG is trading 39.76% off its 52 week low at $1025.00 and -4.70% off its 52 week high of $1503.21. Performance wise, GOOG stock has recently shown investors 3.63% an increase in a week, 8.67% an increase in a month and 17.92% an increase in the past quarter.
On the flip side, Alphabet Inc. (GOOG) has shown a return of 11.14% since the first of the year.
Alphabet Inc. (GOOG) Key Evaluation:
Alphabet Inc. (GOOG) is a large-cap company with a market cap value of $987.895B.
On Jan-06-20 Pivotal Research Group Upgrade GOOG as Hold → Buy at $1445 → $1650. On Jan-10-20 Bernstein Initiated GOOG as Outperform and on Feb-04-20 Oppenheimer Reiterated GOOG as Outperform at $1530 → $1620.
There are currently 617.98M shares in the float and 680.92M shares outstanding. There are 0.56% shares short in GOOGs float.
The industry rank for Alphabet Inc. (GOOG) is 171 out of 254 ranking it at the Bottom 33% .
Alphabet Inc. (GOOG) Fundamental Data:
GOOG last 2 years revenues have increased from $136,819,000 to $155,058,000 showing an uptrend.
Wall Street expects Alphabet Inc. (GOOG) to report an EPS next Qtr profit of 12.60 and a profit of 17.30% next year.
The growth rate on GOOG this year is 11.76 compared to an industry 4.40. However, GOOGs next year’s growth rate is 17.76 compared to an industry 22.00.
The a price/book (mrq) of 5.27 compared to an industry of 2.78 and GOOGs price/cash flow (mrfy) is 24.35 compared to an industry of 18.77.
GOOG fundamental ratios shows an EPS growth vs. previous year 54.94 and EPS growth vs. previous quarter 12.33.
About Alphabet Inc. (GOOG):
Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.