At the time of writing, Amazon.com Inc. [AMZN] stock is trading at $178.88, up 0.37%. 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 5.08% over the last week, with a monthly amount drifted -2.01%, 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 August 02, 2024, when Maxim Group reiterated its Buy rating and also boosted its price target to $251 from $238. Previously, Itau BBA downgraded its rating to Market Perform on August 02, 2024, and kept the price target unchanged to $186. On July 30, 2024, UBS reiterated its Buy rating and revised its price target to $224 on the stock. Needham reiterated its Buy rating and increased its price target to $210 on July 17, 2024. Goldman reiterated its recommendation of a Buy and raised its price target to $250 on July 16, 2024. Wolfe Research started tracking with a Outperform rating for this stock on July 16, 2024, and assigned it a price target of $250. In a note dated July 10, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $225 to $245.
For the past year, the stock price of Amazon.com Inc. fluctuated between $118.35 and $201.20. Currently, Wall Street analysts expect the stock to reach $198.46 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $178.88 at the most recent close of the market. An investor can expect a potential return of 10.95% based on the average AMZN price forecast.
Analyzing the AMZN fundamentals
According to Amazon.com Inc. [NASDAQ:AMZN], the company’s sales were 604.33B for trailing twelve months, which represents an 10.12% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.21 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 177.87 points at the first support level, and at 176.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 179.45, and for the 2nd resistance point, it is at 180.02.
Ratios To Look Out For
It is important to note that Amazon.com Inc. [NASDAQ:AMZN] has a current ratio of 1.10. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 3.11, the price to book ratio is 7.94 and price to earnings (TTM) ratio is 42.86.
Transactions by insiders
Recent insider trading involved Herrington Douglas J, CEO Worldwide Amazon Stores, that happened on Aug 15 ’24 when 5502.0 shares were sold. Officer, DOUGLAS HERRINGTON completed a deal on Aug 15 ’24 to buy 5502.0 shares. Meanwhile, CEO Worldwide Amazon Stores Herrington Douglas J sold 3500.0 shares on Aug 01 ’24.
