As of Thursday close, Amazon.com Inc.’s (NASDAQ:AMZN) stock was down -$1.09, moving down -0.81 percent to $133.98. The average number of shares traded per day over the past five days has been 44,573,180 shares. 3 times new highs have been achieved over the past 5 days, with a -$4.58 fall in that time frame. In the last twenty days, the average volume was 60,265,426, while in the previous 50 days, it was 57,704,723.
Since last month, AMZN stock retreated -1.02%. Shares of the company fell to $126.11 on 07/26/23, the lowest level in the past month. A 52-week high of $143.63 was reached on 08/04/23 after having rallying from a 52-week low of $81.43. Since the beginning of this year, AMZN’s stock price has risen by 59.50% or $49.98, and marked a new high 29 times. However, the stock has declined by -6.72% since its 52-week high.
AMZN stock investors should be aware that Amazon.com Inc. (AMZN) stock had its last reported insider trading activity 2 days ago on Aug 16. Selipsky Adam, the CEO Amazon Web Services of the company, disposed of 500 shares for $137.00 on Aug 16. It resulted in a $68,500 divestment by the insider. Selipsky Adam sold 70,056 shares at an average price of $139.86 on Aug 15. The insider now owns 104,864 shares following the transaction. On Aug 15, CEO Worldwide Amazon Stores Herrington Douglas J sold 3,864 shares at $140.02 apiece. The transaction was valued at $541,037.
Valuation Metrics
Right now, Amazon.com Inc. (AMZN) has a P/E ratio of about 106.50. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 2.57, the price-to-book (PB) ratio of 8.17, and the price-to-cash flow ratio of 431.25 may also be considered.
Financial Health
In the three months ended June 29, Amazon.com 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 June 29 was 0.48, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 45.50% percent. In the year ended June 29, EBITDA margin amounted to 10.78%, whereas operating margins totaled 3.30%. Based on annual data, AMZN earned $225.15 billion in gross profit and brought in $513.98 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 6.60%. Return on equity (ROE) for the past 12 months was 8.60%.
In Amazon.com Inc.’s quarter-end financial report for June 29, it reported total debt of $63.09 billion against cash and short-term investments of $14.44 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 9.78% to $127.36 billion during the quarter, while net income inched up to $134.38 billion. While analysts expected Amazon.com Inc. to report $0.35 quarterly earnings, the actual figure was $0.65 per share, beating the consensus estimate by 85.70%. During the quarter, the company generated $19.27 billion in EBITDA. The liabilities of Amazon.com Inc. were 309.0 billion at the end of its most recent quarter ended June 29, and its total debt was $174.29 billion. The value of shareholders’ equity is $10.32 billion.
Technical Picture
This quick technical analysis looks at Amazon.com Inc.’s (AMZN) price momentum. With a historical volatility rate of 22.06%, the RSI 9-day stood at 45.78% on 17 August.
With respect to its five-day moving average, the current Amazon.com Inc. price is down by -3.31% percent or -$4.58. At present, AMZN shares trade +3.09% above its 20-day simple moving average and +36.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.82% above its SMA50 and +29.56% above its SMA200.
Stochastic coefficient K was 53.21% and Stochastic coefficient D was 64.00%, while ATR was 3.56. Given the Stochastic reading of 43.96% for the 14-day period, the RSI (14) reading has been calculated as 50.17%. As of today, the MACD Oscillator reading stands at -2.68, while the 14-day reading stands at -0.59.
Analyst Ratings
Redburn reiterated its a Buy rating on Amazon.com Inc. (NASDAQ: AMZN) in a note to investors. The analysts firm has however raised their price target to $230, representing a possible 39.1% increase in the stock price. Amazon.com Inc. (AMZN) has been rated Buy by analysts. According to 0 brokerage firms, AMZN is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate Amazon.com Inc. stock as buy, with 46 recommending it as overweight.
With a median target price of $175.00, the current consensus forecast for the stock is $129.90 – $230.00. Based on these forecasts, analysts predict Amazon.com Inc. (AMZN) will achieve an average price target of $170.51.
