So Far This Year, Inc. (AMZN) Reached A New High 1 time


As of Wednesday close, Inc.’s (NASDAQ:AMZN) stock was up $0.93, moving up 1.00 percent to $94.13. The average number of shares traded per day over the past five days has been 72,196,516 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.99 fall in that time frame. In the last twenty days, the average volume was 110,435,875, while in the previous 50 days, it was 79,113,133.

Since last month, AMZN stock retreated -21.95%. Shares of the company fell to $85.87 on 11/09/22, the lowest level in the past month. A 52-week high of $181.68 was reached on 01/04/22 after having rallying from a 52-week low of $85.87. Since the beginning of this year, AMZN’s stock price has dropped by -43.54% or -$72.59, and marked a new high 2 times. However, the stock has declined by -48.19% since its 52-week high.

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AMZN stock investors should be aware that Inc. (AMZN) stock had its last reported insider trading activity 4 days ago on Nov 21. Zapolsky David, the Senior Vice President of the company, disposed of 8,380 shares for $94.00 on Nov 21. It resulted in a $787,720 divestment by the insider. Reynolds Shelley sold 3,500 shares at an average price of $94.00 on Nov 21. The insider now owns 119,780 shares following the transaction. On Nov 21, Senior Vice President and CFO Olsavsky Brian T sold 15,240 shares at $94.00 apiece. The transaction was valued at $1,432,560.

Valuation Metrics

Right now, Inc. (AMZN) has a P/E ratio of about 86.84. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 6.98.

Financial Health

In the three months ended September 29, Inc.’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.56, and the total debt-to-equity ratio was 0.59. On the profitability front, the trailing twelve-month gross margin is 43.00% percent. In the year ended September 29, operating margins totaled 2.60%. Based on annual data, AMZN earned $197.48 billion in gross profit and brought in $469.82 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 8.40%.

In Inc.’s quarter-end financial report for September 29, it reported total debt of $58.92 billion against cash and short-term investments of $23.71 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMZN’s revenue rose 12.82% to $121.23 billion during the quarter, while net income inched up to $127.1 billion. While analysts expected Inc. to report $0.21 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $12.73 billion in EBITDA. The liabilities of Inc. were 290.87 billion at the end of its most recent quarter ended September 29, and its total debt was $164.33 billion. The value of shareholders’ equity is $10.2 billion.

Technical Picture

This quick technical analysis looks at Inc.’s (AMZN) price momentum. With a historical volatility rate of 32.10%, the RSI 9-day stood at 42.17% on 23 November.

With respect to its five-day moving average, the current Inc. price is down by -3.08% percent or -$2.99. At present, AMZN shares trade -18.61% below its 20-day simple moving average and -17.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.78% below its SMA50 and -41.68% below its SMA200.

Stochastic coefficient K was 41.26% and Stochastic coefficient D was 41.54%, while ATR was 4.28. Given the Stochastic reading of 46.09% for the 14-day period, the RSI (14) reading has been calculated as 40.43%. As of today, the MACD Oscillator reading stands at -2.75, while the 14-day reading stands at -0.91.

Analyst Ratings

MoffettNathanson launched its rating on Inc. (NASDAQ: AMZN) to an Outperform in a note to investors on November 15, 2022. Inc. (AMZN) has been rated Buy by analysts. According to 1 brokerage firm, AMZN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 7 analysts rate Inc. stock as buy, with 41 recommending it as overweight.

With a median target price of $136.50, the current consensus forecast for the stock is $80.00 – $170.00. Based on these forecasts, analysts predict Inc. (AMZN) will achieve an average price target of $135.94.


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