Amazon.com Inc (AMZN): A Great Stock For Handling Current Market Conditions?

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 1.21% and 24.55% over the past three months. AMZN shares are trading 8.34% year to date (YTD), with the 12-month market performance up to 49.48% higher. It has a 12-month low price of $151.61 and touched a high of $241.77 over the same period. AMZN has an average intraday trading volume of 38.66 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 4.24%, 7.12%, and 22.26% respectively.

Institutional ownership of Amazon.com Inc (NASDAQ: AMZN) shares accounts for 63.06% of the company’s 10.51B shares outstanding.

It has a market capitalization of $2499.21B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 50.94, while the earnings-per-share (ttm) stands at $4.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.71% over the week and 2.15% over the month.

Earnings per share for the fiscal year are expected to increase by 77.66%, and 21.74% over the next financial year.

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 27, 2025, with the firm’s price target at $260-$280. Wedbush coverage for the Amazon.com Inc (AMZN) stock in a research note released on January 06, 2025 offered a Outperform rating with a price target of $260. Wolfe Research was of a view on January 03, 2025 that the stock is Outperform, while UBS gave the stock Buy rating on December 16, 2024, issuing a price target of $230- $264. Needham on their part issued Buy rating on November 14, 2024.

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