Amazon.com Inc. (NASDAQ:AMZN) saw a downside of -1.60% to close Tuesday at $139.94 after subtracting -$2.28 on the day. The 5-day average trading volume is 83,648,641 shares of the company’s common stock. It has gained $143.63 in the past week and touched a new high 2 times within the past 5 days. An average of 63,047,414 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 59,932,090.
AMZN’s 1-month performance is 10.08% or $10.16 on its low of $125.92 reached on 07/10/23. The company’s shares have touched a 52-week low of $81.43 and high of $146.57, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, AMZN has achieved 66.60% or $55.94 and has reached a new high 29 times. However, the current price is down -4.52% from the 52-week high price.
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Insider Transactions
AMZN stock investors last saw insider trading activity on Aug 04.Herrington Douglas J (CEO Worldwide Amazon Stores) most recently sold 50,000 shares at $141.00 per share on Aug 04. This transaction cost the insider $7,050,000. CEO Worldwide Amazon Stores, Herrington Douglas J, sold 4,000 shares at a price of $133.55 on Aug 01. Then, on Jul 25, CEO Amazon Web Services Selipsky Adam sold 500 shares at a price of $129.06 per share. This transaction amounted to $64,529.
Valuation Metrics
AMZN stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.53 while the price-to-book (PB) in the most recent quarter is 8.54, with the price to cash flow ratio at 413.27.
Amazon.com Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.48, while the total debt to equity was 0.50.. In terms of profitability, the gross margin trailing 12 months is 44.70%. The firm’s gross profit as reported stood at $225.15 billion against revenue of $513.98 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Amazon.com Inc.’s cash and short-term investments amounted to $14.44 billion against total debt of $174.29 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 130.04% to $6.75 billion, while revenue of $3.17 billion was 53.01% off the previous quarter. Analysts expected AMZN to announce $0.32 per share in earnings in its latest quarter, but it posted $0.59, representing a 84.40% surprise. EBITDA for the quarter stood at more than $19.27 billion. AMZN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 309.0 billion, with total debt at $174.29 billion. Shareholders hold equity totaling $10.32 billion.
Let’s look briefly at Amazon.com Inc. (AMZN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 65.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.91%.
The stock’s 5-day moving average is $135.77, reflecting a +6.26% or $8.25 change from its current price. AMZN is currently trading +8.67% above its 20-day SMA, +45.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +21.69% and SMA200 by+21.61%.
Stochastic %K and %D was 82.57% and 63.33% and the average true range (ATR) pointed at 4.38. The RSI (14) points at 63.52%, while the 14-day stochastic is at 78.94% with the period’s ATR at 4.01. The stock’s 9-day MACD Oscillator is pointing at 6.72 and 8.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Amazon.com Inc. (NASDAQ: AMZN), Rosenblatt upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AMZN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AMZN as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 6 rates the stock as overweight while 44 have offered a “buy” rating.
What is AMZN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $120.00 and a high of $220.00, with their median price target at $170.00. Looking at these predictions, the average price target given by analysts is for Amazon.com Inc. (AMZN) stock is $167.59.
