At the time of writing, Amazon.com Inc. [AMZN] stock is trading at $192.73, up 1.00%. 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 gain 4.34% over the last week, with a monthly amount glided 4.11%, 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 16, 2024, when Loop Capital reiterated its Buy rating and also boosted its price target to $800 from $750. Previously, Scotiabank started tracking the stock with Sector Outperform rating on October 11, 2024, and set its price target to $245. On October 11, 2024, Pivotal Research Group initiated with a Buy rating and assigned a price target of $260 on the stock. Cantor Fitzgerald reiterated its Overweight rating and decreased its price target to $210 on October 09, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $183 on October 07, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on September 05, 2024, and assigned it a price target of $230. In a note dated August 02, 2024, Maxim Group reiterated an Buy rating on this stock and boosted its target price from $238 to $251.
For the past year, the stock price of Amazon.com Inc. fluctuated between $128.56 and $201.20. Currently, Wall Street analysts expect the stock to reach $203.86 within the next 12 months. Amazon.com Inc. [NASDAQ: AMZN] shares were valued at $192.73 at the most recent close of the market. An investor can expect a potential return of 5.77% 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 0.18% 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 191.56 points at the first support level, and at 190.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 194.75, and for the 2nd resistance point, it is at 196.78.
Ratios To Look Out For
It is important to note that Amazon.com Inc. [NASDAQ:AMZN] has a current ratio of 1.10. Also, the Quick Ratio is 0.88, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 3.35, the price to book ratio is 8.55 and price to earnings (TTM) ratio is 46.18.
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.
