At the time of writing, Amazon.com Inc. [AMZN] stock is trading at $193.88, up 1.19%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMZN shares have gain 4.86% over the last week, with a monthly amount glided 10.08%, 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 September 05, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $230. Previously, Maxim Group reaffirmed its Buy rating on August 02, 2024, and elevated its price target to $251. On August 02, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $186 on the stock. UBS reiterated its Buy rating and increased its price target to $224 on July 30, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $210 on July 17, 2024. Goldman reiterated a Buy rating for this stock on July 16, 2024, and upped its price target to $250. In a note dated July 16, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $250 on this stock.
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 $199.11 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $193.88 at the most recent close of the market. An investor can expect a potential return of 2.7% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 191.48 points at the first support level, and at 189.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.36, and for the 2nd resistance point, it is at 196.85.
Ratios To Look Out For
It is important to note that Amazon.com Inc. [NASDAQ:AMZN] has a current ratio of 1.10. In addition, the Quick Ratio stands at 0.88 and the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 3.37, the price to book ratio is 8.60 and price to earnings (TTM) ratio is 46.45.
Transactions by insiders
Recent insider trading involved Herrington Douglas J, CEO Worldwide Amazon Stores, that happened on Sep 03 ’24 when 3500.0 shares were sold. President and CEO, Jassy Andrew R completed a deal on Aug 21 ’24 to sell 20784.0 shares. Meanwhile, CEO Worldwide Amazon Stores Herrington Douglas J sold 6104.0 shares on Aug 21 ’24.
