Reviewing The Case For Amazon.com Inc (AMZN) Going Higher

Currently, there are 10.51B 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 3.20% and 20.89% over the past three months. AMZN shares are trading 2.99% year to date (YTD), with the 12-month market performance up to 48.93% higher. It has a 12-month low price of $149.91 and touched a high of $233.00 over the same period. AMZN has an average intraday trading volume of 37.65 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 1.42%, 4.18%, and 17.60% respectively.

Institutional ownership of Amazon.com Inc (NASDAQ: AMZN) shares accounts for 63.05% of the company’s 10.51B shares outstanding.

It has a market capitalization of $2375.76B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 48.42, while the earnings-per-share (ttm) stands at $4.67. The company has a PEG of 2.45 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 1.75% over the week and 2.11% over the month.

Earnings per share for the fiscal year are expected to increase by 77.49%, and 21.58% over the next financial year. EPS should shrink at an annualized rate of 19.75% 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. Wedbush stated their Outperform rating for the stock in a research note on January 06, 2025, with the firm’s price target at $250-$260. Wolfe Research coverage for the Amazon.com Inc (AMZN) stock in a research note released on January 03, 2025 offered a Outperform rating with a price target of $270. UBS was of a view on December 16, 2024 that the stock is Buy, while Needham gave the stock Buy rating on November 14, 2024, issuing a price target of $210- $250. Telsey Advisory Group on their part issued Outperform rating on November 01, 2024.

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