Google Inc. (NASDAQ:GOOG) continues to face supply shortages for its Nexus 4, and is now making an apology to customers in the UK who have not received the device yet. The company received complaints from customers about poor communication in the ordeal, citing confusion about delivery estimates and payments.
According to a customer, currently when many people are traveling, they are facing difficulties to arrange deliveries when they have wrong prediction of when they will arrive; this kind of problem is extremely grown by bad information. The customer further writes that it is not acceptable to remain not known about when money will be taken from their account during the festive season.[article_detail_ad_1]
Now Dan Cobley, who is Google’s UK and Ireland Managing Director, has apologized for the lack of communication and assured customers that the company is working 24 hours to resolve the problem. Cobley admitted that what these customers have been facing is “unacceptable”.
Make an opinion on the latest price movement using some technical indicators
The Google (GOOG) stock closed at $701.96, down -0.74 points or -0.10% from previous close and at a distance of +3.20% from 20-day simple moving average. In the last trading session, the stock’s price moved 8.78% above its 200 day moving average, changing hands as low as $698.43 per share. The stock is currently trading 0.89% up its SMA 50.
How well the stock has been performing?
The percentage change in the price over the past fifty two weeks remained at +12.89%. The price range in the same period had a highest hit of $774.38 on Oct 05, 2012 while lowest level during that period was $556.52 on Jun 14, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $800.00. The stock in last 12 months gained 12.20% and has advanced 8.68% since the beginning of this year.
Does stock market trend influences this stock?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.08. To measure price-variation, we found this stock’s volatility over a week period was 1.68% and for the month was 1.86%.
What is Wall Street analysts’ recommendation on this stock?
The analyst mean recommendation for this week has been 2.0, same as was in the last week. The price target of $675.00 was the lowest while the highest price target was set as $910.00, according to 34 analysts surveyed by Thomson Reuters.
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