Google stock price started out at an initial public offering of just $85 per share in August of 2004. At the time analysts debated whether or not the company was worth it.
So much of Google’s value was intellectual property as opposed to real property and the market was not used to the idea that internet companies could be so valuable.
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.
Can you imagine, Google stock price rose to over $100 in the first day and even doubled within 3 months and that is absolutely impressive.
Now that analyst debate on different things on Google company, they debate on a matter of how much more it will grow and how quickly. Many investors in the Australian stock market also join in this debate.
It is clear that early growth of Google company was really not realistic and not sustainable, but it’s been the past few years their stocks has settled into more traditional growth pattern with the exception of today’s reccession which has been hit the entire sector and marketplace.
No stock comes with a guarantee, but investors have shown that they are confident that Google is a solid, reliable company that is not likely to significantly lose value, at least not relative to the market as a whole.
The up to date Google stock price can be found at any time by searching using the company’s exchange symbol “GOOG.” Not only Goog, there you will also see Nasdaq futures.
Note that Google has two types of stocks, that is Common and Preferred. Usually Preferred stock prices are higher since the holders are paid dividends before they are distributed to all the common stock holders. However, both of them have voting rights.