Amazon.com Inc. (NASDAQ:AMZN) shares, rose in value, with the stock price down by -1.64% to the previous day’s close as strong demand from buyers drove the stock to $176.59.
Actively observing the price movement in the last trading, the stock closed the session at $179.54. The PE ratio was 61.11 over 12-month period. Referring to stock’s 52-week performance, its high was $189.77, and the low was $101.15. On the whole, AMZN has fluctuated by -1.74% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMZN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 2.00, with the price of AMZN currently trading nearly -2.93% and -0.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.29, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 2.04%. Furthermore, Amazon.com Inc. (AMZN)’s beta value is 1.15, and its average true range (ATR) is 3.90.
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 -1.64% in last session, and over the past year, it grew by 66.26%%.
Data on historical trading for Amazon.com Inc. (NASDAQ:AMZN) indicates that the trading volumes over the past 3 months, they’ve averaged 42.42 million. According to company’s latest data on outstanding shares, there are 10.38 billion shares outstanding.
Nearly 11.09% of Amazon.com Inc.’s shares belong to company insiders and institutional investors own 61.94% of the company’s shares. The stock has risen by 16.22% 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.
