Analysis Of The Weekly Performance Of Amazon.com Inc. (AMZN)

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Amazon.com Inc. (NASDAQ:AMZN) finished Thursday with a subtraction of -$1.23 to close at $117.31, a downside of -1.04 percent. An average of 64,874,762 shares of common stock have been traded in the last five days. There was a fall of -$8.97 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 54,503,500 shares traded, while the 50-day average volume stands at 57,347,902.

AMZN stock has decreased by -12.21% in the last month. The company shares reached their 1-month lowest point of $116.26 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $101.26 and a high of $188.11 in 52 weeks. It has reached a new high 2 times so far this year and lost -29.64% or -$49.41 in price. In spite of this, the price is down -37.64% from the 52-week high.


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Insider Transactions

8 days have passed since Amazon.com Inc. (AMZN) last reported insider trading activity. Selipsky Adam, who is CEO Amazon Web Services, most recently acquired $500 shares at $128.47 per share on Sep 15. In this transaction, the insider spent $64,236. CEO Amazon Web Services, Selipsky Adam, disposed of 520 shares at a price of $127.43 on Sep 14. The insider now owns more than $66,263 worth of shares. Prior to that, CEO Amazon Web Services Selipsky Adam went on to Sale 500 shares at $128.58 each on Aug 31. An amount of $64,291 was transacted.

Valuation Metrics

Amazon.com Inc. (AMZN) has a trailing price-to-earnings (P/E) ratio of 105.49. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.51, the price-to-book (PB) ratio at 9.09.

Financial Health

The quick ratio of Amazon.com Inc. for the three months ended June 29 was 0.70, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 0.63 for the quarter ending June 29. Its gross profit as reported stood at $197.48 billion compared to revenue of $469.82 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amazon.com Inc.’s return on assets was 2.80%.

Earnings Surprise

For the three-month period that ended June 29, Amazon.com Inc. had $23.23 billion in cash and short-term investments compared to $58.05 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.03 billion in the quarter, while revenues of -$3.84 billion were grew 483.53%. The analyst consensus anticipated Amazon.com Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be -$0.2, a -242.90% surprise. For the quarter, EBITDA amounted to $12.91 billion. Shareholders own equity worth $10.19 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Amazon.com Inc. (AMZN) price momentum. RSI 9-day as of the close on 22 September was 28.28%, suggesting the stock is oversold, with historical volatility in this time frame at 41.40%.

As of today, AMZN’s price is $121.25 -7.10% or -$8.97 from its 5-day moving average. AMZN is currently trading -12.32% lower than its 20-day SMA and -5.61% lower than its 100-day SMA. However, the stock’s current price level is +6.26% above the SMA50 and -31.55% below the SMA200.

The stochastic %K and %D were 5.04% and 11.40%, respectively, and the average true range (ATR) was 4.26. With the 14-day stochastic at 5.19% and the average true range at 4.36, the RSI (14) stands at 34.48%. The stock has reached -5.58 on the 9-day MACD Oscillator while the 14-day reading was at -7.12.

Analyst Ratings

Itau BBA launched coverage on Amazon.com Inc. (NASDAQ: AMZN) in its analyst report released on July 26, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Amazon.com Inc. (AMZN) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AMZN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 7 analysts, while 41 others rate it as a “buy”.

What is AMZN’s price target for the next 12 months?

Analysts predict a range of price targets between $110.00 and $215.00, with a median target of $172.00. Taking a look at these predictions, the average price target given by analysts for Amazon.com Inc. (AMZN) stock is $168.75.

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