Amazon.com Inc. (NASDAQ:AMZN) shares, rose in value on Friday, April 05, with the stock price up by 2.38% to the previous day’s close as strong demand from buyers drove the stock to $184.29.
Actively observing the price movement in the recent trading, the stock is buoying the session at $180.00. The value of beta (5-year monthly) is 1.16 whereas the PE ratio is 63.78 over 12-month period. Referring to stock’s 52-week performance, its high was $185.10, and the low was $97.71. On the whole, AMZN has fluctuated by 6.21% over the past month.
With the market capitalization of Amazon.com Inc. currently standing at about $1914.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.77, which is expected to increase to $1.03 for fiscal year $3.81 and then to about $4.79 by fiscal year 2025. Data indicates that the EPS growth is expected to be 42.20% in 2025, while the next year’s EPS growth is forecast to be 25.70%.
Analysts have estimated the company’s revenue for the quarter at $131.47 billion, with a low estimate of $129.81 billion and a high estimate of $135.24 billion. According to the average forecast, sales growth in current quarter could jump up 15.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $591.68 billion, representing an increase of 11.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AMZN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.99, with the price of AMZN currently trading nearly 3.62% and 6.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.31, while the 7-day volatility ratio is showing 1.79% which for the 30-day chart, stands at 1.85%. Furthermore, Amazon.com Inc. (AMZN)’s beta value is 1.16, and its average true range (ATR) is 3.47.
A comparison of Amazon.com Inc. (AMZN) with its peers suggests the former has fared considerably weaker in the market. AMZN showed an intraday change of 2.38% in today’s session so far, and over the past year, it grew by 77.28%%.
Data on historical trading for Amazon.com Inc. (NASDAQ:AMZN) indicates that the trading volumes over the past 10 days have averaged 32.6 million and over the past 3 months, they’ve averaged 43.27 million. According to company’s latest data on outstanding shares, there are 10.38 billion shares outstanding.
Nearly 11.10% of Amazon.com Inc.’s shares belong to company insiders and institutional investors own 61.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 72.82 million shares as on Mar 15, 2024, resulting in a short ratio of 1.74. According to the data, the short interest in Amazon.com Inc. (AMZN) stood at 0.70% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 67.06 million. The stock has risen by 21.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMZN stock heading into the next quarter.
