In August 2004, Google stock prices started out at only $85 per share. That time many analysts debated whether or not Google was really worth it.
That time the market was not ready to the idea that an online companies could be very valuable. Google’s value was intellectual property instead of real property.
Long story short, there is absolutely no reason to debate about this anymore, since Google stock price is 5 times its initial value and 5 years later the company has the market value of $175 billion dollars.
Do you know that Google stock prices rose to over $100 on their very first day hit the market and then doubled within 3 months after that.
Analysts still debate the value of the company but it is more a matter of how much more it will grow and how quickly. Many investors in the Australian stock market also join in this debate.
Obviously the early growth was unrealistic and unsustainable, but over the past few years the company has settled into a more traditional growth pattern with exception of the recession which has been detrimental to the entire tech sector and the entire marketplace.
Investors has sown that they are very confident with Google company, eventhough there is no stock comes with guarantee, but Google seems will not likely to significally lose value, at least not relative to the market as a whole.
You can find Google’s up to date stock price at any time by searching using company’s symbol “GOOG”. Not only Goog, there you will also see Nasdaq futures.
You should know that there are to types of Google stock, that is common and Preferred. Both types have voting rights, only Preferred stocks prices are usually higher because the stocks holders are paid devidends before they are distributed to the common stock holders.
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