Amazon.com Inc. (NASDAQ:AMZN) saw an upside of 1.10% to close Monday at $134.68 after adding $1.46 on the day. The 5-day average trading volume is 44,550,301 shares of the company’s common stock. It has gained $141.28 in the past week and touched a new high 1 time within the past 5 days. An average of 55,813,488 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 56,347,074.
AMZN’s 1-month performance is 3.60% or $4.68 on its low of $126.11 reached on 07/26/23. The company’s shares have touched a 52-week low of $81.43 and high of $143.63, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, AMZN has achieved 60.33% or $50.68 and has reached a new high 29 times. However, the current price is down -6.23% from the 52-week high price.
Insider Transactions
AMZN stock investors last saw insider trading activity on Aug 16.Selipsky Adam (CEO Amazon Web Services) most recently sold 500 shares at $137.00 per share on Aug 16. This transaction cost the insider $68,500. CEO Amazon Web Services, Selipsky Adam, sold 70,056 shares at a price of $139.86 on Aug 15. Then, on Aug 15, CEO Worldwide Amazon Stores Herrington Douglas J sold 3,864 shares at a price of $140.02 per share. This transaction amounted to $541,037.
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 2.60 while the price-to-book (PB) in the most recent quarter is 8.22, with the price to cash flow ratio at 435.50.
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 45.50%. The trailing 12-month EBITDA margin is 10.78% while for the period ending June 29, Amazon.com Inc.’s operating margin was 3.30%. 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, 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 $0.6, representing a 87.50% 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 21 August was 48.55% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.10%.
The stock’s 5-day moving average is $134.92, reflecting a -4.19% or -$5.89 change from its current price. AMZN is currently trading +4.57% above its 20-day SMA, +38.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.39% and SMA200 by+39.15%.
Stochastic %K and %D was 43.84% and 47.22% and the average true range (ATR) pointed at 3.38. The RSI (14) points at 51.53%, while the 14-day stochastic is at 48.03% with the period’s ATR at 3.45. The stock’s 9-day MACD Oscillator is pointing at -2.71 and -2.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Amazon.com Inc. (NASDAQ: AMZN), Redburn reiterated its a Buy rating for the company but lifted their price target by $220 to $230. 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 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 46 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 $129.90 and a high of $230.00, with their median price target at $175.00. Looking at these predictions, the average price target given by analysts is for Amazon.com Inc. (AMZN) stock is $170.72.
