Google Inc. (NASDAQ:GOOG) has big plans for 2013 and the time has come to start predicting what awaits us in the coming year. The search giant had a big 2012, launching several new products while making numerous adjustments to its old ones. In coming year, it will continue to face rivalry on all sides, and CNET suggests us to keep an eye on five things as the New Year ramps up.
Google I/O, an annual developer-focused conference held by Google in San Francisco, California, is returning to the month of May 2013, and release of the new version of the Nexus 7 unveiled around that time would bring no surprise. The newly released Nexus 10 is also expected to have an updated version sometime in 2013.
We’ll be watching closely in next year whether Android become the premiere platform for app development.
In 2013, the company will provide the developer preview of its head-turning wearable computer. Google Glass Explorer Edition is planned to ship early in the next year. It would be interesting to see how the world responds to Google Glass.
How the stock (GOOG) is trending now?
Shares of Google traded up 2.68% during last trading session, closing at $720.78. The share price of GOOG traded yesterday in a range of $704.02 to $738.28. The company now has a market value of $236.84 billion.
Are you optimistic or bullish on the near-term price outlook?
The stock, after recent close, is 3.75% up their SMA 50 and 6.92% off the 52-week high. The worst hit in its 52 week range is $556.52 per share, with $774.38 as its 52 week best price that compares with a latest closing price of $720.78. Its latest closing price has a distance of +5.54% from SMA20 and is 11.62% up than SMA200.
Watch the stock’s performance in different time span.
With recent gain, the year-to-date (YTD) performance reflected a 11.59% gain above last year. During the past month the stock advanced 11.36%, bringing three-month performance to +1.56% and six-month performance to +27.68%.
Do you know how risky is this stock?
For this company, beta value at 1.08 represents it is more volatile to the shift in the market. If we take a look on its volatility, 2.43% was seen in a week and for the month it was 1.97%.
What does equity analysts say?
For the stock, mean recommendation this week is 2.0. Sharing price target summary; nearly 34 brokerages have a mean PT as $798.35 and median PT of $800.00 while the highest price target set by those rating agencies was $910.00 and lowest PT was $675.00.
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