The trading price of Amazon.com Inc. (NASDAQ:AMZN) closed lower on Friday, April 19, closing at $174.63, -2.56% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 60.43, while its 5Y monthly beta was 1.16. In examining the 52-week price action we see that the stock hit a 52-week high of $189.77 and a 52-week low of $101.15. Over the past month, the stock has lost -1.98% in value.
Amazon.com Inc., whose market valuation is $1815.66 billion at the time of this writing, is expected to release its quarterly earnings report Apr 25, 2024 – Apr 29, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Amazon.com Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AMZN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.98, which symbolizes a positive outlook. A quick review shows that AMZN’s price is currently -4.15% off the SMA20 and -1.39% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.02, and weekly volatility stands at 2.49%. When measured over the past 30 days, the indicator reaches 1.96%. Amazon.com Inc. (NASDAQ:AMZN)’s beta value is currently sitting at 1.14, while the Average True Range indicator is currently displaying 3.85.
To see how Amazon.com Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: AMZN stock’s performance was -2.56% in the latest trading, and 67.43% in the past year. Amazon.com Inc. has a P/E ratio of 60.43.
An evaluation of the daily trading volume of Amazon.com Inc. (NASDAQ:AMZN) indicates that the 3-month average is 42.46 million.
Currently, records show that 10.38 billion of the company’s shares remain outstanding. The insiders hold 11.10% of outstanding shares, whereas institutions hold 61.95%. However, since the stock’s price has seen 14.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
