Amazon.com Inc. (NASDAQ:AMZN) saw an upside of 1.67% to close Monday at $131.27 after adding $2.15 on the day. The 5-day average trading volume is 56,802,301 shares of the company’s common stock. It has gained $139.37 in the past week and touched a new high 2 times within the past 5 days. An average of 51,581,352 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 54,163,523.
AMZN’s 1-month performance is -0.43% or -$1.99 on its low of $128.52 reached on 09/22/23. The company’s shares have touched a 52-week low of $81.43 and high of $145.86, with the stock’s rally to the 52-week high happening on 09/14/23. YTD, AMZN has achieved 56.27% or $47.27 and has reached a new high 31 times. However, the current price is down -10.00% from the 52-week high price.
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Insider Transactions
AMZN stock investors last saw insider trading activity on Sep 21.Selipsky Adam (CEO Amazon Web Services) most recently sold 500 shares at $131.80 per share on Sep 21. This transaction cost the insider $65,900. CEO Amazon Web Services, Selipsky Adam, sold 500 shares at a price of $138.48 on Sep 20. Then, on Sep 14, Senior Vice President Zapolsky David sold 42,816 shares at a price of $145.13 per share. This transaction amounted to $6,213,886.
Valuation Metrics
AMZN stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.50 while the price-to-book (PB) in the most recent quarter is 8.03, with the price to cash flow ratio at 419.72.
Amazon.com Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.95. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.82, while the total debt to equity was 0.91. In terms of profitability, the gross margin trailing 12 months is 45.53%. 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 $0.35 per share in earnings in its latest quarter, but it posted $0.65, representing a 85.70% 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 25 September was 36.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.21%.
The stock’s 5-day moving average is $132.53, reflecting a -6.22% or -$8.71 change from its current price. AMZN is currently trading -1.49% above its 20-day SMA, +26.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.53% and SMA200 by+48.75%.
Stochastic %K and %D was 6.48% and 10.21% and the average true range (ATR) pointed at 3.68. The RSI (14) points at 41.22%, while the 14-day stochastic is at 15.86% with the period’s ATR at 3.57. The stock’s 9-day MACD Oscillator is pointing at -7.05 and -7.83 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Amazon.com Inc. (NASDAQ: AMZN), Piper Sandler reiterated its an Overweight rating for the company but lifted their price target by $175 to $185.
