Alphabet (GOOG, $105.98), market cap dropped by $26.5B. What about SPOT?
As a technical analyst, I will provide a comparative analysis of Google (GOOG) and Spotify (SPOT) based on the provided information.
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Stock Price:
- GOOG: $105.98
- SPOT: $136.39 Although SPOT has a higher stock price, it's essential to consider other factors like market capitalization and financial performance to get a complete picture.
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Brand Notoriety: Both GOOG and SPOT are notable brands in the Internet Software/Services industry. This factor can contribute to their stability and growth potential.
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Trading Volume Relative to the 65-day Moving Average:
- GOOG: 74%
- SPOT: 89% SPOT has a higher trading volume relative to its 65-day moving average, which could indicate increased interest from investors and more liquidity in the market.
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Market Capitalization:
- GOOG: $1.34T
- SPOT: $26.38B GOOG has a significantly larger market capitalization, making it a more prominent player in the industry. The average market capitalization for the Internet Software/Services industry is $41.06B, meaning GOOG is well above the industry average, while SPOT is below.
Google (GOOG) and Spotify (SPOT) are both well-known brands within the Internet Software/Services industry. While SPOT has a higher stock price and trading volume relative to its 65-day moving average, GOOG has a much larger market capitalization. This analysis indicates that GOOG is a more established and influential player in the industry, while SPOT is a smaller company with potentially higher growth potential due to its trading volume. However, it is essential to consider other factors, such as financial performance, growth prospects, and overall market trends, before making any investment decisions.
GOOG's Stochastic Oscillator stays in oversold zone for 7 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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Notable companies
The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Spotify Technology SA (NYSE:SPOT), Baidu (NASDAQ:BIDU), Pinterest (NYSE:PINS), Tencent Music Entertainment Group (NYSE:TME), Snap (NYSE:SNAP), Twilio (NYSE:TWLO), Zillow Group (NASDAQ:Z).
Industry description
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
Market Cap
The average market capitalization across the Internet Software/Services Industry is 60.93B. The market cap for tickers in the group ranges from 1.11K to 1.94T. GOOGL holds the highest valuation in this group at 1.94T. The lowest valued company is MSEZ at 1.11K.
High and low price notable news
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 2%. TRFE experienced the highest price growth at 53%, while QQQFF experienced the biggest fall at -58%.
Volume
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 15%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was -8%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 45
P/E Growth Rating: 72
Price Growth Rating: 59
SMR Rating: 84
Profit Risk Rating: 92
Seasonality Score: -6 (-100 ... +100)