Amazon.com Inc. [AMZN] stock prices are up 2.04% to $197.20 at the moment. 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 6.27% over the last week, with a monthly amount glided 9.97%, 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 May 01, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $215 from $200. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on May 01, 2024, and elevated its price target to $225. On May 01, 2024, Maxim Group reiterated its Buy rating and revised its price target to $238 on the stock. Truist reiterated its Buy rating and increased its price target to $216 on April 17, 2024. Maxim Group initiated its recommendation with a Buy and recommended $218 as its price target on April 17, 2024. Wolfe Research reiterated a Outperform rating for this stock on February 02, 2024, and upped its price target to $205. In a note dated February 02, 2024, Wells Fargo reiterated an Overweight rating on this stock and boosted its target price from $197 to $211.
The stock price of Amazon.com Inc. [AMZN] has been fluctuating between $118.35 and $199.84 over the past year. Currently, Wall Street analysts expect the stock to reach $187.26 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $197.20 at the most recent close of the market. An investor can expect a potential drop of -5.04% based on the average AMZN price forecast.
Analyzing the AMZN fundamentals
The Amazon.com Inc. [NASDAQ:AMZN] reported sales of 590.74B for trailing twelve months, representing a surge of 12.53%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.2 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 193.91 points at the first support level, and at 190.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 199.39, and for the 2nd resistance point, it is at 201.58.
Ratios To Look Out For
It’s worth pointing out that Amazon.com Inc. [NASDAQ:AMZN]’s Current Ratio is 1.07. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 3.47, the price to book ratio is 9.47 and price to earnings (TTM) ratio is 55.38.
Transactions by insiders
Recent insider trading involved Zapolsky David, Senior Vice President, that happened on Jun 27 ’24 when 4710.0 shares were sold. CEO Worldwide Amazon Stores, Herrington Douglas J completed a deal on Jun 03 ’24 to sell 3500.0 shares. Meanwhile, CEO Amazon Web Services Selipsky Adam sold 500.0 shares on May 22 ’24.
