Amazon.com Inc. [AMZN] stock prices are down -2.99% to $180.83 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMZN shares have lost -3.78% over the last week, with a monthly amount drifted -2.55%, and not 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 July 17, 2024, when Needham reiterated its Buy rating and also boosted its price target to $210 from $205. Previously, Goldman reaffirmed its Buy rating on July 16, 2024, and elevated its price target to $250. On July 16, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $250 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $245 on July 10, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $215 on May 01, 2024. Monness Crespi & Hardt reiterated a Buy rating for this stock on May 01, 2024, and upped its price target to $225. In a note dated May 01, 2024, Maxim Group reiterated an Buy rating on this stock and revised its target price from $318 to $238.
The stock price of Amazon.com Inc. [AMZN] has been fluctuating between $118.35 and $201.20 over the past year. Currently, Wall Street analysts expect the stock to reach $192.32 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $180.83 at the most recent close of the market. An investor can expect a potential return of 6.35% 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 179.01 points at the first support level, and at 177.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.05, and for the 2nd resistance point, it is at 187.27.
Ratios To Look Out For
It’s worth pointing out that Amazon.com Inc. [NASDAQ:AMZN]’s Current Ratio is 1.07. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 3.19, the price to book ratio is 8.68 and price to earnings (TTM) ratio is 50.79.
Transactions by insiders
Recent insider trading involved BEZOS JEFFREY P, Executive Chair, that happened on Jul 11 ’24 when 0.4 million shares were sold. Executive Chair, BEZOS JEFFREY P completed a deal on Jul 10 ’24 to sell 0.27 million shares. Meanwhile, Executive Chair BEZOS JEFFREY P sold 2.0 million shares on Jul 09 ’24.
