At the time of writing, Amazon.com Inc. [AMZN] stock is trading at $186.65, up 0.80%. 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 2.58% over the last week, with a monthly amount glided 1.15%, 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 October 09, 2024, when Cantor Fitzgerald reiterated its Overweight rating and also revised its price target to $210 from $230. Previously, Wells Fargo downgraded its rating to Equal Weight on October 07, 2024, and dropped its price target to $183. On September 05, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $230 on the stock. Maxim Group reiterated its Buy rating and increased its price target to $251 on August 02, 2024. Itau BBA downgraded its rating to a Market Perform but $186 remained the price target by the analyst firm on August 02, 2024. UBS reiterated a Buy rating for this stock on July 30, 2024, and upped its price target to $224. In a note dated July 17, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $205 to $210.
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 $201.77 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $186.65 at the most recent close of the market. An investor can expect a potential return of 8.1% 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 185.61 points at the first support level, and at 184.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 187.91, and for the 2nd resistance point, it is at 189.18.
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 3.24, the price to book ratio is 8.28 and price to earnings (TTM) ratio is 44.72.
Transactions by insiders
Recent insider trading involved Herrington Douglas J, CEO Worldwide Amazon Stores, that happened on Oct 01 ’24 when 3500.0 shares were sold. Senior Vice President, Zapolsky David completed a deal on Sep 24 ’24 to sell 2190.0 shares. Meanwhile, CEO Worldwide Amazon Stores Herrington Douglas J sold 3500.0 shares on Sep 03 ’24.
