The stock price of Amazon.com Inc. (NASDAQ: AMZN) has experienced a slight increase of 0.28 compared to its previous closing price of 134.30. However, over the past five trading sessions, the company has seen a 3.78% gain in its stock price. According to a report by Barrons Online on 07/13/23, Amazon Stock Is Rising and Sales Hit a Record During Prime Day.
Investors may be wondering if it is worth investing in Amazon.com Inc. (NASDAQ: AMZN) at this time. The company currently has a higher price-to-earnings ratio of 326.89x compared to its average ratio and a 36-month beta value of 1.26. Analysts have mixed views on the stock, with 43 analysts rating it as a “buy,” 8 as “overweight,” 4 as “hold,” and 1 as “sell.”
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Analysts have forecasted an average price point of $141.78 for Amazon.com Inc. (AMZN), which is $7.17 above the current market price. The public float for AMZN is 9.26B, and short sellers currently hold a 0.83% ratio of that float. On July 17, 2023, the average trading volume of AMZN was 62.47M shares.
AMZN’s market performance has been positive, with a 3.78% increase in stock price for the week, a 6.33% rise in the past month, and a 31.52% gain in the past quarter. The volatility ratio for the week is 1.97%, and for the past 30 days, it stands at 2.13% for Amazon.com Inc. The simple moving average for the last 20 days is 4.70%, while the last 200 days have shown a simple moving average of 28.83%.
Various brokerage firms have submitted their reports on AMZN stocks, with Robert W. Baird reiterating its “Outperform” rating for AMZN. According to their research report published on July 14th, 2023, Robert W. Baird predicts a price of $150 for AMZN in the upcoming period.
AMZN is currently trading at 11.23% above its 50-day moving average. Although the company experienced a stumble in the market that led to its low price for the last 52 weeks, it has not yet rebounded and currently has a loss of -8.11% for that period. Volatility has increased by 1.97% over the last 30 days, with shares surging +6.53% for the moving average over the last 20 days. Over the last 50 days, however, the stock is trading +29.96% higher.
Insider trading activities have been reported at AMZN, with Selipsky Adam selling 500 shares at a price of $129.74 on Jul 07. As a result, Selipsky Adam now owns 150,280 shares of Amazon.com Inc., valued at $64,868 based on the latest closing price. Selipsky Adam, the CEO of Amazon Web Services, also sold 500 shares at $128.17 on Jul 06, holding 150,780 shares at $64,084 based on the most recent closing price.
The current profitability levels for AMZN are as follows: +2.63 for the present operating margin and +43.81 for the gross margin. The net margin for Amazon.com Inc. stands at -0.53, while the equity return is at 3.00 and the asset returns at 1.00. The liquidity ratio is also interesting for investors, standing at 0.94.
In conclusion, Amazon.com Inc. (AMZN) has shown better performance recently. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth noting that the stock is currently trading close to its 50-day moving average and its 52-week high.