The stock of Amazon.com Inc. (NASDAQ:AMZN) decreased by -$0.12 on Monday to finish at $133.14, down -0.09 percent. The last five days have seen an average of 39,527,621 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $49.14. The average number of shares traded over the last 20 days was 53,996,594, while the average volume over the last 50 days totaled 54,973,543.
AMZN stock appreciated 0.70% since last month. On 08/03/23, the company’s shares reached a one-month low of $126.41. The stock touched a high of $143.63 on 08/04/23, after rallying from a low of $81.43 in 52 weeks. The price of AMZN stock has risen by 58.50% or $49.14 this year, reaching a new high 29 times. Still, the stock price is down -7.30% from the 52-week high.
Insider Transactions
AMZN stock investors should be aware that Amazon.com Inc. (AMZN) stock had its last reported insider trading activity 7 days ago on Aug 22. On Aug 22, CEO Amazon Web Services Selipsky Adam sold 500 shares at $135.00 each. This transaction resulted in the insider making $67,500. On Aug 21, Jassy Andrew R sold 21,933 shares at a price of US$133.92. After the transaction, the insider now owns 2,030,868 shares. Senior Vice President and CFO Olsavsky Brian T had earlier sold 16,800 shares on Aug 21 for $133.61 a share. The transaction was completed for $2,244,648.
Valuation Metrics
Amazon.com Inc. (AMZN) has a trailing price-to-earnings (P/E) ratio of 105.83. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.53, the price-to-book (PB) ratio of 8.12, and the price-to-cash flow ratio of 423.52.
Financial Health
For the three months ended June 30, Amazon.com Inc.’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.48, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is 45.50% percent. Amazon.com Inc.’s EBITDA margin for the year ended June 30 was 10.78%, whereas its operating margin stood at 3.30% for the same period. Based on annual data, it had gross profit of $225.15 billion and revenue of $513.98 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMZN’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 6.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.60%.
Earnings Surprise
According to Amazon.com Inc.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $134.38 billion, while revenues rose by 9.78% to $127.36 billion. It was predicted that Amazon.com Inc.’s quarterly earnings would be $0.6, but it ended up being $0.32, beating the consensus by 87.50%. EBITDA was $19.27 billion for the quarter. At the end of Amazon.com Inc.’s most recent quarter ended June 30, its liabilities totaled 309.0 billion, while its total debt was $174.29 billion. Equity owned by shareholders amounts to $10.32 billion.
Technical Picture
Here’s a quick look at Amazon.com Inc.’s (AMZN) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 45.29%, suggesting the stock is Neutral, with a 19.77% historical volatility rate.
The stochastic %K and %D were 18.35% and 23.09% respectively, while the average true range (ATR) was 3.21. Based on the 14-day stochastic reading of 23.93%, the RSI (14) reading is 48.61%. On the 9-day MACD Oscillator, the stock is at -1.14, and the 14-day reading is at -2.83.
Analyst Ratings
In a note to investors, Piper Sandler maintained its an Overweight rating on Amazon.com Inc. (NASDAQ: AMZN). However, the firm raised their price target to $185, indicating a possible increase of 23.92% in the stock price. Analysts have assigned Amazon.com Inc. (AMZN) an Buy rating. AMZN is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 46 others recommend it as a buy.
What is AMZN’s price target for the next 12 months?
The current consensus forecast for the stock is between $129.90 and $230.00, with a median target price of $175.00. In analyzing these forecasts, the average price target given by analysts for Amazon.com Inc. (AMZN) is $172.01.
