Amazon.com Inc. [AMZN] stock prices are up 0.95% to $182.41 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMZN shares have gain 2.31% over the last week, with a monthly amount glided 2.72%, 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.
The stock price of Amazon.com Inc. [AMZN] has been fluctuating between $97.71 and $183.00 over the past year. Currently, Wall Street analysts expect the stock to reach $170.26 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $182.41 at the most recent close of the market. An investor can expect a potential drop of -6.66% based on the average AMZN price forecast.
Analyzing the AMZN fundamentals
The Amazon.com Inc. [NASDAQ:AMZN] reported sales of 574.78B for trailing twelve months, representing a surge of 13.91%. 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 180.52 points at the first support level, and at 178.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.59, and for the 2nd resistance point, it is at 184.76.
Ratios To Look Out For
It’s worth pointing out that Amazon.com Inc. [NASDAQ:AMZN]’s Current Ratio is 1.05. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 3.30, the price to book ratio is 9.38 and price to earnings (TTM) ratio is 63.13.
Transactions by insiders
Recent insider trading involved Herrington Douglas J, CEO Worldwide Amazon Stores, that happened on Apr 01 ’24 when 3500.0 shares were sold. CEO Amazon Web Services, Selipsky Adam completed a deal on Mar 22 ’24 to sell 500.0 shares. Meanwhile, CEO Amazon Web Services Selipsky Adam sold 500.0 shares on Mar 21 ’24.
