Amazon.com Inc. (NASDAQ:AMZN) finished Thursday with a subtraction of $0.0 to close at $125.98, a downside of 0.00 percent. An average of 60,015,723 shares of common stock have been traded in the last five days. There was a fall of -$3.35 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 55,844,605 shares traded, while the 50-day average volume stands at 54,887,645.
AMZN stock has decreased by -6.62% in the last month. The company shares reached their 1-month lowest point of $123.04 on 09/28/23. With the stock rallying to its 52-week high on 09/14/23, shares of the company touched a low of $81.43 and a high of $145.86 in 52 weeks. It has reached a new high 31 times so far this year and achieved 49.98% or $41.98 in price. In spite of this, the price is down -13.63% from the 52-week high.
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Insider Transactions
AMZN stock investors should be aware that Amazon.com Inc. (AMZN) stock had its last reported insider trading activity 8 days ago on Sep 21. In this transaction, the insider spent $65,900. CEO Amazon Web Services, Selipsky Adam, disposed of 500 shares at a price of $138.48 on Sep 20. The insider now owns more than $69,240 worth of shares. Prior to that, Senior Vice President Zapolsky David went on to Sale 42,816 shares at $145.13 each on Sep 14. An amount of $6,213,886 was transacted.
Valuation Metrics
Amazon.com Inc. (AMZN) has a trailing price-to-earnings (P/E) ratio of 100.18. The stock’s beta is 1.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.40, the price-to-book (PB) ratio at 7.71, and the price-to-cash flow ratio at 402.81.
Financial Health
The quick ratio of Amazon.com Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.95, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.91 for the quarter ending June 29. Amazon.com Inc.’s EBITDA margin for the year ending June 29 is 10.78%, while its operating margin for the same period stands at 3.53%. Its gross profit as reported stood at $225.15 billion compared to revenue of $513.98 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Amazon.com Inc.’s return on assets was 2.91%.
Earnings Surprise
For the three-month period that ended June 29, Amazon.com Inc. had $63.09 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $6.75 billion in the quarter, while revenues of $3.17 billion were grew 130.04%. The analyst consensus anticipated Amazon.com Inc.’s latest quarter earnings to come in at $0.35 per share, but it turned out to be $0.65, a 85.70% surprise. For the quarter, EBITDA amounted to $19.27 billion. Shareholders own equity worth $10.32 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Amazon.com Inc. (AMZN) price momentum. RSI 9-day as of the close on 28 September was 28.03%, suggesting the stock is oversold, with historical volatility in this time frame at 28.68%.
As of today, AMZN’s price is $127.67 -2.59% or -$3.35 from its 5-day moving average. AMZN is currently trading -6.73% lower than its 20-day SMA and +19.24% higher than its 100-day SMA. However, the stock’s current price level is -6.93% below the SMA50 and +41.41% above the SMA200.
The stochastic %K and %D were 8.27% and 8.37%, respectively, and the average true range (ATR) was 3.83. With the 14-day stochastic at 12.88% and the average true range at 3.70, the RSI (14) stands at 34.51%. The stock has reached -5.19 on the 9-day MACD Oscillator while the 14-day reading was at -9.37.
Analyst Ratings
Piper Sandler reiterated its an Overweight rating on Amazon.com Inc. (NASDAQ: AMZN), but raised their price target to $175, indicating a potential price increase of 28.01% for the stock. The consensus rating for Amazon.com Inc. (AMZN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMZN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 44 others rate it as a “buy”.
What is AMZN’s price target for the next 12 months?
Analysts predict a range of price targets between $136.00 and $230.00, with a median target of $175.00. Taking a look at these predictions, the average price target given by analysts for Amazon.com Inc. (AMZN) stock is $172.60.
