Amazon.com Inc. (NASDAQ: AMZN) has been making headlines lately with its above-average price-to-earnings ratio of 74.96x and a 36-month beta value of 1.18. Analysts have varying opinions on the stock, with 49 rating it as a “buy,” 8 as “overweight,” 2 as “hold,” and 0 as “sell.”
According to analysts, the average price point for Amazon.com Inc. (AMZN) is forecasted to be $174.49, which is $30.93 higher than the current market price. The public float for AMZN is 9.05B, and short sellers currently hold a 0.83% ratio of that float. On November 13, 2023, the average trading volume for AMZN was 52.08M shares.
Latest Price Update for AMZN Stock
The stock price of Amazon.com Inc. (NASDAQ: AMZN) has increased by 2.11 compared to its previous closing price of 140.60. Over the last five trading sessions, the company has seen a 3.58% increase in its stock price. InvestorPlace reported on November 12, 2023, that there is a growing debate around Amazon (NASDAQ: AMZN) stock as it approaches a potential turning point. During the initial phase of the pandemic, Amazon experienced significant growth due to increased online shopping.
Market Performance of AMZN
Amazon.com Inc. (AMZN) has seen a 3.58% rise in stock performance over the past week, an 8.49% gain in the past month, and a 2.13% surge in the past quarter. The volatility ratio for the week is 1.96%, and for the past 30 days, it stands at 2.56% for AMZN. The simple moving average for the last 20 days is 8.60%, while for the last 200 days, it is 20.47%.
Analysts’ Opinion of AMZN
Several brokerage firms have already released their reports on AMZN stocks, with HSBC Securities reiterating its “Buy” rating. According to HSBC Securities’ research report published on November 02, 2023, the predicted price for AMZN in the upcoming period is $160.
AMZN Trading at 7.98% from the 50-Day Moving Average
After experiencing a decline in the market, AMZN has not yet been able to rebound and currently has a loss of -1.58% for the last 52 weeks.
The volatility rate for the last 30 days has increased by 1.96%, with shares surging +10.61% over the last 20 days. However, over the last 50 days, the stock is trading +4.02% higher than its previous position.
In the past five trading sessions, AMZN has risen by +3.58%, resulting in a +44.69% change in the 200-day moving average compared to the 20-day moving average, which settled at $132.88. Additionally, Amazon.com Inc. has seen a 70.90% increase over the past year, but there is a possibility of further gains being reduced.
Insider Trading
Reports indicate that there have been several instances of insider trading at AMZN, including sales by Selipsky Adam, the CEO of Amazon Web Services. Selipsky Adam sold 500 shares at $139.00 on November 03 and currently owns 103,020 shares valued at $69,500.
On November 02, Selipsky Adam sold 500 shares at $138.80, and now holds 103,520 shares valued at $69,400.
Stock Fundamentals for AMZN
The current profitability levels for Amazon.com Inc. are as follows:
- +2.63 for the present operating margin
- +43.81 for the gross margin
The net margin for Amazon.com Inc. stands at -0.53. The total capital return value is set at 4.73, while invested capital returns managed to touch -1.01. Equity return is now at value 12.53, with 4.39 for asset returns.
Based on Amazon.com Inc. (AMZN), the company has a debt to equity ratio of 106.11 and a total debt to capital ratio of 51.48. The total debt to assets ratio is 33.49, with a long-term debt to equity ratio of 95.94. Finally, the long-term debt to capital ratio is 46.55.
When looking at the enterprise to sales ratio, it stands at 2.83, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 13.77, and the total asset turnover is 1.16. The liquidity ratio is also noteworthy at 0.94.
Conclusion
In summary, Amazon.com Inc. (AMZN) has shown strong performance recently, receiving mixed ratings from analysts. It is important to note that the stock is currently trading close to its 50-day moving average and its 52-week high.