Alphabet News Daily

Alphabet Inc's Mixed Earnings and Market Outlook for GOOGL


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As of today, April 23, 2025, Alphabet Inc., the parent company of Google, is trading at $153.33 per share. This is a slight increase from its previous close. The trading volume for Alphabet's Class A common stock (GOOGL) is 33,046,576 shares, which is relatively close to its average volume of 36,168,527 shares over the past few months[1].

Alphabet's average daily dollar volume over the past three months stands at approximately $5.986 billion, indicating significant market activity[2]. The average trade volume for GOOGL over the past 12 months has been around 27.632 million shares, showing consistent trading interest[3].

In recent news, Alphabet reported its last quarter earnings, which included $96 billion in revenue and $2.15 earnings per share. Although the revenue fell short of expectations by $201 million, the earnings exceeded estimates by $0.02. This mixed performance has led to some underperformance in the stock's price return over the past year, with a decline of 1.2 percent compared to the S&P 500's gain of 7.9 percent[5].

Despite this, Alphabet remains a mega-cap stock with a market capitalization of $1.85 trillion. The company's beta of 0.90 indicates that it tends to be less sensitive to market movements, which could be a positive factor for investors looking for stability. The stock's correlation with the broad-based SPY ETF is 0.30, suggesting a moderate relationship with the overall market[5].

Major analyst updates have not significantly altered price targets for GOOGL in recent times. However, the stock's support price is estimated at $143.57, and its resistance is at $151.77, based on one standard deviation move around the stock's closing price. This indicates a 67 percent probability that the stock will trade within this expected range on any given day[5].

Overall, while Alphabet's recent earnings report showed some mixed results, the company's strong market position and consistent trading volume suggest that it remains a significant player in the tech industry. Investors should continue to monitor the stock's performance closely for any further updates or announcements that could impact its price.

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Alphabet News DailyBy Inception Point Ai