Currently, Amazon.com Inc [AMZN] is trading at $214.10, up 2.48%. 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 3.39% over the last week, with a monthly amount glided 14.07%, 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 November 01, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $235 from $215. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on November 01, 2024, and elevated its price target to $245. On October 16, 2024, Loop Capital reiterated its Buy rating and revised its price target to $800 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $245 on October 11, 2024. Pivotal Research Group initiated its recommendation with a Buy and recommended $260 as its price target on October 11, 2024. Cantor Fitzgerald reiterated a Overweight rating for this stock on October 09, 2024, and downed its price target to $210. In a note dated October 07, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $225 to $183.
This stock has fluctuated between a low of $139.52 and a high of $212.25 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $208.49 within the next 12 months. Amazon.com Inc [NASDAQ: AMZN] shares were valued at $214.10 at the most recent close of the market. An investor can expect a potential drop of -2.62% based on the average AMZN price forecast.
Analyzing the AMZN fundamentals
Trailing Twelve Months sales for Amazon.com Inc [NASDAQ:AMZN] were 620.13B which represents 11.04% growth. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.22 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 0.21.
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 210.46 points at the first support level, and at 206.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.41, and for the 2nd resistance point, it is at 218.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Amazon.com Inc [NASDAQ:AMZN] is 1.09. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 3.63, the price to book ratio is 8.68 and price to earnings (TTM) ratio is 45.88.
Transactions by insiders
Recent insider trading involved RUBINSTEIN JONATHAN, Director, that happened on Nov 07 ’24 when 4766.0 shares were sold. Executive Chair, BEZOS JEFFREY P completed a deal on Nov 08 ’24 to sell 3.0 million shares. Meanwhile, Executive Chair BEZOS JEFFREY P sold 3.0 million shares on Nov 11 ’24.
