Market Update: Amazon.com Inc. (AMZN) Sees Negative Movement, Closing at 197.56

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In the latest session, Amazon.com Inc. (NASDAQ: AMZN) closed at $197.56 down -1.22% from its previous closing price of $200.00. In other words, the price has decreased by -$1.22 from its previous closing price. On the day, 31.59 million shares were traded. AMZN stock price reached its highest trading level at $200.029 during the session, while it also had its lowest trading level at $196.7601.

Ratios:

For a deeper understanding of Amazon.com Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.99. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.62.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on May 01, 2024, Reiterated its Outperform rating but revised its target price to $215 from $200 previously.

On May 01, 2024, Monness Crespi & Hardt reiterated its Buy rating and also lowered its target price recommendation from $215 to $225.

Maxim Group reiterated its Buy rating for the stock on May 01, 2024, while the target price for the stock was revised from $318 to $238.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 02 ’24 when Herrington Douglas J sold 12,500 shares for $200.00 per share. The transaction valued at 2,500,000 led to the insider holds 507,253 shares of the business.

Herrington Douglas J sold 3,500 shares of AMZN for $685,965 on Jul 01 ’24. The CEO Worldwide Amazon Stores now owns 519,753 shares after completing the transaction at $195.99 per share. On Jun 27 ’24, another insider, Zapolsky David, who serves as the Senior Vice President of the company, sold 4,710 shares for $195.00 each. As a result, the insider received 918,450 and left with 59,500 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMZN now has a Market Capitalization of 2056239972352 and an Enterprise Value of 2131731546112. As of this moment, Amazon.com’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.48, and their Forward P/E ratio for the next fiscal year is 33.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.48 while its Price-to-Book (P/B) ratio in mrq is 9.49. Its current Enterprise Value per Revenue stands at 3.609 whereas that against EBITDA is 22.066.

Stock Price History:

The Beta on a monthly basis for AMZN is 1.15, which has changed by 0.5393425 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, AMZN has reached a high of $200.43, while it has fallen to a 52-week low of $118.35. The 50-Day Moving Average of the stock is 7.05%, while the 200-Day Moving Average is calculated to be 21.83%.

Shares Statistics:

For the past three months, AMZN has traded an average of 42.03M shares per day and 54898900 over the past ten days. A total of 10.38B shares are outstanding, with a floating share count of 9.26B. Insiders hold about 11.03% of the company’s shares, while institutions hold 63.00% stake in the company. Shares short for AMZN as of 1718323200 were 85134086 with a Short Ratio of 2.03, compared to 1715731200 on 70812929. Therefore, it implies a Short% of Shares Outstanding of 85134086 and a Short% of Float of 0.9199999999999999.

Earnings Estimates

As of right now, 37.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $1.11 and a low estimate of $0.73, while EPS last year was $0.65. The consensus estimate for the next quarter is $1.07, with high estimates of $1.28 and low estimates of $0.75.

Analysts are recommending an EPS of between $5.04 and $3.48 for the fiscal current year, implying an average EPS of $4.23. EPS for the following year is $5.37, with 53.0 analysts recommending between $6.15 and $4.54.

Revenue Estimates

A total of 38 analysts believe the company’s revenue will be $138.31B this quarter.It ranges from a high estimate of $140.16B to a low estimate of $136.44B. As of the current estimate, Amazon.com Inc.’s year-ago sales were $134.38BFor the next quarter, 38 analysts are estimating revenue of $147.27B. There is a high estimate of $149.94B for the next quarter, whereas the lowest estimate is $142.92B.

A total of 50 analysts have provided revenue estimates for AMZN’s current fiscal year. The highest revenue estimate was $603.79B, while the lowest revenue estimate was $586.82B, resulting in an average revenue estimate of $594.57B. In the same quarter a year ago, actual revenue was $574.78BBased on 51 analysts’ estimates, the company’s revenue will be $660.51B in the next fiscal year. The high estimate is $675.06B and the low estimate is $621.83B.

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