It is definitely not something common in the KLCI where we see one share making a loss of 14.76 in one day. Of course within that drastic drop there should be a valid explanation on why the investors or the market reacted that way. Check out the article from The Markets Daily for a review of a rating for Google which might have influenced that drop for the share yesterday.
Image source: Google Finance
Shares of Google Inc. (NASDAQ:GOOGL) have been given an average rating of 2.86 according to Closingbell.co. Closing Bell compiles crowd-sourced stock ratings provided by independent analysts, investors, traders and students. The data provides an alternative view on a stock in comparison to sell-side ratings analyst ratings. The last recorded rating was on 2015-09-12 and there are currently 7 active ratings on the site, with 1 giving a Moderate Buy rating and 0 seeing it as a Strong Buy. The ratings are based on a 1 to 5 scale where 5 represents a Strong Buy and 1 a Strong Sell.
PsychSignal, a proprietary “Natural Language Processing Engine” tuned precisely to the language individual traders and investors use online, has recently identified 1544 posts which mention Google Inc. (NASDAQ:GOOGL) on Twitter and StockTwits.
PsychSignal technology utilizes the wisdom of the crowds in order to extract meaningful analysis not achievable through the study of single individuals. Of the 1544 messages that were posted on 2015-09-24, 195 were bullish in nature while 71 were deemed to be bearish. PsychSignal’s algorithms score each message’s language for the strength of bullishness present on a 0-4 scale. 0 indicates no bullish sentiment measured, 4 indicates strongest bullish sentiment measured. Using this scale, Google Inc. (NASDAQ:GOOGL) received a Bullish sentiment of 1.68241. On the other hand, the algorithm also tracks bearishness on a scale of 0-4 where 0 indicates no bearish sentiment and 4 would indicate strong bearish sentiment. On 2015-09-24, the score for the company was at 1.509577. The net score when combining numbers in order to provide a combined score yields a Bull-Bear score of 0.172833.
Taking a closer look at the data, shows that of the 1402 total messages posted on Twitter, 162 were bullish and 58 were bearish. On StockTwits, there were 20 bullish posts on the stock compared to 11 bearish comments, yielding a bullish intensity of 1.938 and a bearish intensity of 2.328182.
Now taking a look at Wall Street analyst sentiment where analyst recommendations are simplified on a 1-5 scale, Google Inc. is rated 1.22 according to the analysts polled by Zacks research. Three months ago analysts had a consensus rating of 1.43 on the equity. Price targets issued by sell-side analysts range from $620 to $850. The mean consensus price target from the 27 providing projections stands at $744.814.
Investors will be watching how these numbers move leading up to when the company is scheduled to report their earnings release on or around 2015-10-15. Analysts covering the stock are projecting earnings per share of $5.86.
About Google Inc. (NASDAQ:GOOGL)
Google Inc. (Google) is a global technology company. The Company’s business is primarily focused around key areas, such as search, advertising, operating systems and platforms, enterprise and hardware products. The Company generates revenue primarily by delivering online advertising. The Company also generates revenues from Motorola by selling hardware products. The Company provides its products and services in more than 100 languages and in more than 50 countries, regions, and territories. Effective May 16, 2014, Google Inc acquired Quest Visual Inc. Effective May 20, 2014, Google Inc acquired Enterproid Inc, doing business as Divide. In June 2014, Google Inc acquired mDialog Corp. Effective June 25, 2014, Google Inc acquired Appurify Inc, a San Francisco-based developer of mobile bugging application software.
