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 9.39B shares have been available to trade.

The company’s stock has a 5-day price change of -2.71% and 12.32% over the past three months. AMZN shares are trading 29.74% year to date (YTD), with the 12-month market performance up to 34.36% higher. It has a 12-month low price of $142.81 and touched a high of $215.90 over the same period. AMZN has an average intraday trading volume of 37.70 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 -2.06%, 2.14%, and 7.25% respectively.

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Institutional ownership of Amazon.com Inc (NASDAQ: AMZN) shares accounts for 63.00% of the company’s 10.38B shares outstanding.

It has a market capitalization of $2059.55B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 42.25, while the earnings-per-share (ttm) stands at $4.67. The company has a PEG of 2.01 and a Quick Ratio of 0.87 with the debt-to-equity ratio at 0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.44% over the week and 2.25% over the month.

Earnings per share for the fiscal year are expected to increase by 76.80%, and 20.94% over the next financial year. EPS should shrink at an annualized rate of 21.00% 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. Needham stated their Buy rating for the stock in a research note on November 14, 2024, with the firm’s price target at $210-$250. Telsey Advisory Group coverage for the Amazon.com Inc (AMZN) stock in a research note released on November 01, 2024 offered a Outperform rating with a price target of $235. Monness Crespi & Hardt was of a view on November 01, 2024 that the stock is Buy, while Loop Capital gave the stock Buy rating on October 16, 2024, issuing a price target of $750- $800. Scotiabank on their part issued Sector Outperform rating on October 11, 2024.

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