Amazon.com Inc. (NASDAQ: AMZN) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 10.38B common shares owned by the public and among those 9.24B shares have been available to trade.

The company’s stock has a 5-day price change of -6.18% and 12.42% over the past three months. AMZN shares are trading 14.93% year to date (YTD), with the 12-month market performance up to 67.43% higher. It has a 12-month low price of $101.15 and touched a high of $189.77 over the same period. AMZN has an average intraday trading volume of 42.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.15%, -1.39%, and 16.83% respectively.

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Institutional ownership of Amazon.com Inc. (NASDAQ: AMZN) shares accounts for 61.95% of the company’s 10.38B shares outstanding.

It has a market capitalization of $1815.66B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 60.43, while the earnings-per-share (ttm) stands at $2.89. The company has a PEG of 1.98 and a Quick Ratio of 0.84 with the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.49% over the week and 1.96% over the month.

Analysts forecast that Amazon.com Inc. (AMZN) will achieve an EPS of $Amgen Inc. for the current quarter, $268.93 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Astrazeneca PLC while analysts give the company a high EPS estimate of $Amarin Corporation plc. Comparatively, EPS for the current quarter was $Direxion Daily AMZN Bear 1X Sha a year ago. Earnings per share for the fiscal year are expected to increase by 44.76%, and 28.55% over the next financial year. EPS should grow at an annualized rate of 30.50% over the next five years, compared to 23.55% over the past 5-year period.

Looking at the support for the AMZN, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on April 17, 2024, with the firm’s price target at $195-$216. Maxim Group coverage for the Amazon.com Inc. (AMZN) stock in a research note released on April 17, 2024 offered a Buy rating with a price target of $218. Wolfe Research was of a view on February 02, 2024 that the stock is Outperform, while Wells Fargo gave the stock Overweight rating on February 02, 2024, issuing a price target of $197- $211. Wedbush on their part issued Outperform rating on February 02, 2024.

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