Growing Through Challenges? – Amazon.com Inc. (AMZN)

Currently, there are 10.38B common shares owned by the public and among those 9.27B shares have been available to trade.

The company’s stock has a 5-day price change of -2.75% and 2.88% over the past three months. AMZN shares are trading 28.00% year to date (YTD), with the 12-month market performance up to 48.69% higher. It has a 12-month low price of $118.35 and touched a high of $201.20 over the same period. AMZN has an average intraday trading volume of 41.90 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 1.26%, 4.00%, and 18.55% respectively.

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Institutional ownership of Amazon.com Inc. (NASDAQ: AMZN) shares accounts for 63.02% of the company’s 10.38B shares outstanding.

It has a market capitalization of $2023.98B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 54.62, while the earnings-per-share (ttm) stands at $3.56. The company has a PEG of 1.79 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 1.77% over the week and 2.15% over the month.

Earnings per share for the fiscal year are expected to increase by 58.17%, and 27.65% 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. TD Cowen stated their Buy rating for the stock in a research note on July 10, 2024, with the firm’s price target at $225-$245. Telsey Advisory Group coverage for the Amazon.com Inc. (AMZN) stock in a research note released on May 01, 2024 offered a Outperform rating with a price target of $215. Monness Crespi & Hardt was of a view on May 01, 2024 that the stock is Buy, while Maxim Group gave the stock Buy rating on May 01, 2024, issuing a price target of $318- $238. Truist on their part issued Buy rating on April 17, 2024.

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