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.
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.
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.
Though the early growth of the company was unsustainble and unrealistic, but over the past few years their stocks has settled into a traditional pattern growth, but with the exception of the recession which has been detrimental the entire marketplace and tech sector.
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.
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.
It is also important to note that there are two types of Google stock, Preferred and Common. Preferred stock prices are traditionally higher because these stock holders are paid dividends before dividends are distributed to all the common stock holders. Both types have voting rights.
