Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and the team! It's good to be part of this service! Google (GOOGL) on your charts on the website comes up as being several thousand dollars/ share but I can only find it on CMC Markets and TradingView as being around the $100 mark under the code GOOGL. What I am missing here? Also, their price per earnings ratio is only 0.99 Can that be right? Would that make them a strong buy do you think? Regards Kim
Hi Kim,
Google underwent a share split during the week on a ratio of 20 new shares for every 1 share held hence the change in price. The data does now reflect that but it just takes a day or so to filter through. The Price/Earnings ratio would also be impacted from a data perspective. If you visit the Alphabet (GOOG US) page here you will see the updated numbers.
We like the stock here and see further upside in the near term – we own it in our International Equities Portfolio.
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