Now Is A Suitable Moment For A Long-Term Purchase Of Amazon.com Inc. (NASDAQ: AMZN)

Currently, there are 10.38B common shares owned by the public and among those 9.26B shares have been available to trade.

However, the script later moved the day high at 189.27, up 1.60%. The company’s stock has a 5-day price change of 2.86% and 6.14% over the past three months. AMZN shares are trading 24.44% year to date (YTD), with the 12-month market performance up to 51.47% higher. It has a 12-month low price of $118.35 and touched a high of $191.70 over the same period. AMZN has an average intraday trading volume of 38.55 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 3.47%, 3.35%, and 18.13% respectively.

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Institutional ownership of Amazon.com Inc. (NASDAQ: AMZN) shares accounts for 62.99% of the company’s 10.38B shares outstanding.

It has a market capitalization of $1967.68B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 53.10, while the earnings-per-share (ttm) stands at $3.56. The company has a PEG of 1.74 and a Quick Ratio of 0.87 with the debt-to-equity ratio at 0.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.68% over the week and 1.82% over the month.

Earnings per share for the fiscal year are expected to increase by 57.66%, and 27.88% 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. Telsey Advisory Group stated their Outperform rating for the stock in a research note on May 01, 2024, with the firm’s price target at $200-$215. Monness Crespi & Hardt coverage for the Amazon.com Inc. (AMZN) stock in a research note released on May 01, 2024 offered a Buy rating with a price target of $225. Maxim Group was of a view on May 01, 2024 that the stock is Buy, while Truist gave the stock Buy rating on April 17, 2024, issuing a price target of $195- $216. Maxim Group on their part issued Buy rating on April 17, 2024.

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