The Google (NASDAQ:GOOG) giant is known for being a great stock to invest in, not only because it is a company that has made (and will continue to make) history, but also because it is very secure and it grows steadily.
There are several reasons why investors have turned their faces towards the GOOG shares: firstly, it is trading at a brand new lifetime high. Secondly, in some days it trades as much as 2 milion shares per day, and it has an average dollar volume of over $2 billion, which is certainly very encouraging.
What initially started as a search engine, has become a popular technology company that specializes in gadgets and high-quality technological equipment. With a price per earning ratio of over 32, the Google stock is mostly rated as “buy” by some of the most reputable analysts in the field and nobody rates it as “sell”.
This reputable technology company has a market cap of no less than $312 billion and an average daily volume of little under 2 million shares over the past month, which surely says a lot about just how steady and secure Google is at the moment. The number of shares has also increased by .2% over the past few days and, as some analysts claim, if you want to invest your money in a secure stock that will most likely grow in the near future, then Google is certainly one of the safest bets.
The reason why the Google stocks are so financially solid is simply because the company has recorded a continuously growing revenue over the past few years, and because it has expanded its area of expertise to several different areas. On the other hand, the encouraging growth in the price per earnings shares as well as the steady stock price performance also add to the popularity of the GOOG stock as we speak.
Statistically speaking, the industry has an average revenue growth of approximately 9%, while the revenue growth of Google is of almost 12%, 3% over the average – it is exactly this amazing growth that has also lead to an increase in the price per earnings share. Regarding Google shares, it must be said that it has surged by over 50% over the past 12 months and it is expected to move even higher in the future, in spite of the fact that every investor knows just how unstable and unpredictable the stock market can get at times.
Last, but surely not least, most analysts determine the performance of a company over the last 12 months by comparing its activity and performance from the first quarter of last year with the first quarter of this year. The Google giant has improved its earnings per share by one third as opposed to the same period last year, and it has shown a very steady pattern of positive EPS growth over the past couple of years, a growth that will go on as most specialists agree upon. Given the fact that Google has managed to exceed and to overperform other companies from the online environment (specifically from the software industry) should offer investors the peace of mind they need, knowing that GooG stocks are more solid than many of its competitors.