A share price of Amazon.com Inc. [AMZN] is currently trading at $178.75, up 1.24%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMZN shares have gain 1.09% over the last week, with a monthly amount glided 6.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Amazon.com Inc. [NASDAQ: AMZN] stock has seen the most recent analyst activity on February 02, 2024, when Wolfe Research reiterated its Outperform rating and also boosted its price target to $205 from $195. Previously, Wells Fargo reaffirmed its Overweight rating on February 02, 2024, and elevated its price target to $211. On February 02, 2024, Wedbush reiterated its Outperform rating and revised its price target to $220 on the stock. The Benchmark Company reiterated its Buy rating and increased its price target to $200 on February 02, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $200 on February 02, 2024. TD Cowen reiterated a Outperform rating for this stock on February 02, 2024, and upped its price target to $225. In a note dated February 02, 2024, Susquehanna reiterated an Positive rating on this stock and boosted its target price from $185 to $220.
Amazon.com Inc. experienced fluctuations in its stock price throughout the past year between $92.71 and $180.14. Currently, Wall Street analysts expect the stock to reach $167.83 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $178.75 at the most recent close of the market. An investor can expect a potential drop of -6.11% based on the average AMZN price forecast.
Analyzing the AMZN fundamentals
Trailing Twelve Months sales for Amazon.com Inc. [NASDAQ:AMZN] were 574.78B which represents 13.91% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 176.97 points at the first support level, and at 175.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.03, and for the 2nd resistance point, it is at 181.31.
Amazon.com Inc. [AMZN] reported earnings per share of $1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.8/share, meaning a difference of $0.2 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.86 per share as compared to estimates of $0.53 per share, a difference of $0.33 representing a surprise of 62.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Amazon.com Inc. [NASDAQ:AMZN] is 1.05. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 3.23, the price to book ratio is 9.19 and price to earnings (TTM) ratio is 61.86.
Transactions by insiders
Recent insider trading involved Selipsky Adam, CEO Amazon Web Services, that happened on Mar 08 ’24 when 500.0 shares were sold. CEO Amazon Web Services, Selipsky Adam completed a deal on Mar 07 ’24 to sell 500.0 shares. Meanwhile, President and CEO Jassy Andrew R sold 50000.0 shares on Mar 04 ’24.
