Amazon.com Inc. (NASDAQ: AMZN) – Suitable For Long Term Buy?

Currently, there are 10.38B common shares owned by the public and among those 9.36B shares have been available to trade.

The company’s stock has a 5-day price change of 0.09% and 3.53% over the past three months. AMZN shares are trading 24.38% year to date (YTD), with the 12-month market performance up to 47.50% 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 38.93 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 0.88%, 3.98%, and 5.77% respectively.

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Institutional ownership of Amazon.com Inc. (NASDAQ: AMZN) shares accounts for 63.25% of the company’s 10.38B shares outstanding.

It has a market capitalization of $1983.56B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 45.28, while the earnings-per-share (ttm) stands at $4.17. The company has a PEG of 2.23 and a Quick Ratio of 0.88 with the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.71% over the week and 1.81% over the month.

Earnings per share for the fiscal year are expected to increase by 63.21%, and 23.66% over the next financial year. EPS should shrink at an annualized rate of 20.35% 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. Loop Capital stated their Buy rating for the stock in a research note on October 16, 2024, with the firm’s price target at $750-$800. Scotiabank coverage for the Amazon.com Inc. (AMZN) stock in a research note released on October 11, 2024 offered a Sector Outperform rating with a price target of $245. Pivotal Research Group was of a view on October 11, 2024 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on October 09, 2024, issuing a price target of $230- $210. Wells Fargo on their part issued Equal Weight rating on October 07, 2024.

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