Alphabet (GOOGL) Shares Edge Lower in Mid-Morning Trading, Hovering Near $144
NEW YORK – Shares of tech behemoth Alphabet Inc. (GOOGL) are experiencing a slight downturn in late morning trading on the Nasdaq. As of 11:57 AM EDT, the stock was priced at 0.26, or -0.18%, for the session.
The stock opened slightly lower at $144.41 compared to its previous close of $144.70. Intraday trading has seen GOOGL navigate a range between $143.90 and $146.35, indicating some volatility but currently settling near the lower end of its recent trading band.
Trading volume is moderate so far, with nearly 15.7 million shares changing hands. This is currently tracking below the average daily volume of approximately 33.4 million shares, suggesting activity levels might be somewhat subdued compared to typical sessions.
Alphabet maintains its significant market presence with an intraday market capitalization standing at a massive $1.771 trillion. The stock’s 52-week range spans from $140.53 to $207.05, placing the current price near the lower end of that spectrum.
Key financial metrics show a Trailing Twelve Month (TTM) P/E ratio of 17.94 and an EPS (TTM) of 8.05. Alphabet offers a forward dividend of $0.80, yielding 0.55%, with the next reported ex-dividend date set for March 10, 2025. Analysts maintain a notably bullish outlook, with a 1-year target estimate of $213.08 for the stock. The company’s Beta (5Y Monthly) is 1.03, suggesting its volatility closely mirrors the broader market.
