Should You Buy Alphabet Inc Class C (GOOG) Stock After it Is Up 2.98% in a Week?

Overall market sentiment has been high on Alphabet Inc Class C (GOOG) stock lately. GOOG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Alphabet Inc Class C has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GOOG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GOOG Stock Today?

Alphabet Inc Class C (GOOG) stock is up 2.65% while the S&P 500 has fallen -0.25% as of 12:47 PM on Monday, Apr 1. GOOG is higher by $4.04 from the previous closing price of $152.26 on volume of 14,575,277 shares. Over the past year the S&P 500 has risen 27.07% while GOOG is higher by 48.98%. GOOG earned $5.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.78. To see InvestorsObserver's Sentiment Score for Alphabet Inc Class C click here.

More About Alphabet Inc Class C

Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet's operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss. Click Here to get the full Stock Report for Alphabet Inc Class C stock.