As of Thursday close, Amazon.com Inc.’s (NASDAQ:AMZN) stock was up $2.94, moving up 2.18 percent to $138.01. The average number of shares traded per day over the past five days has been 42,364,020 shares. 5 times new highs have been achieved over the past 5 days, with a $6.17 gain in that time frame. In the last twenty days, the average volume was 51,450,301, while in the previous 50 days, it was 53,778,531.
Since last month, AMZN stock rose 7.64%. Shares of the company fell to $126.41 on 08/03/23, 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 64.30% or $54.01, and marked a new high 29 times. However, the stock has declined by -3.91% since its 52-week high.
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AMZN stock investors should be aware that Amazon.com Inc. (AMZN) stock had its last reported insider trading activity 10 days ago on Aug 22. Selipsky Adam, the CEO Amazon Web Services of the company, disposed of 500 shares for $135.00 on Aug 22. It resulted in a $67,500 divestment by the insider. Jassy Andrew R sold 21,933 shares at an average price of $133.92 on Aug 21. The insider now owns 2,030,868 shares following the transaction. On Aug 21, Senior Vice President and CFO Olsavsky Brian T sold 16,800 shares at $133.61 apiece. The transaction was valued at $2,244,648.
Valuation Metrics
Right now, Amazon.com Inc. (AMZN) has a P/E ratio of about 109.71. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 2.62, the price-to-book (PB) ratio of 8.42, and the price-to-cash flow ratio of 439.01 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. 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 20.87%, the RSI 9-day stood at 61.55% on 31 August.
With respect to its five-day moving average, the current Amazon.com Inc. price is up by +4.68% percent or $6.17. At present, AMZN shares trade +7.06% above its 20-day simple moving average and +35.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.56% above its SMA50 and +36.93% above its SMA200.
Stochastic coefficient K was 50.63% and Stochastic coefficient D was 38.64%, while ATR was 3.03. Given the Stochastic reading of 69.45% for the 14-day period, the RSI (14) reading has been calculated as 58.25%. As of today, the MACD Oscillator reading stands at 1.48, while the 14-day reading stands at 0.91.
Analyst Ratings
Piper Sandler reiterated its an Overweight rating on Amazon.com Inc. (NASDAQ: AMZN) in a note to investors. The analysts firm has however raised their price target to $185, representing a possible 21.14% 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 5 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 45 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 $172.93.
