Friday, February 26, 2021

Market Analysts see Amazon.com Inc. [AMZN] gaining to $3700. Time to buy?

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Amazon.com Inc. [NASDAQ: AMZN] gained 1.45% or 49.16 points to close at $3450.96 with a heavy trading volume of 4168927 shares.

It opened the trading session at $3,408.99, the shares rose to $3,495.00 and dropped to $3,405.00, the range by which the price of stock traded the whole day. The daily chart for AMZN points out that the company has recorded 80.77% gains over the past six months. However, it is still -112.23% lower than its most recent low trading price.


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If we look at the average trading volume of 4.59M shares, AMZN reached to a volume of 4168927 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Amazon.com Inc. [AMZN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMZN shares is $3636.42 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMZN stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for Amazon.com Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 31, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $3000 to $4000. The new note on the price target was released on July 31, 2020, representing the official price target for Amazon.com Inc. stock. Previously, the target price had yet another raise from $3600 to $4000, while Telsey Advisory Group kept a Outperform rating on AMZN stock. On July 31, 2020, analysts increased their price target for AMZN shares from 3400 to 3600.

The Average True Range (ATR) for Amazon.com Inc. is set at 85.44, with the Price to Sales ratio for AMZN stock in the period of the last 12 months amounting to 5.37. The Price to Book ratio for the last quarter was 23.40, with the Price to Cash per share for the same quarter was set at 142.61. Price to Free Cash Flow for AMZN in the course of the last twelve months was 64.09 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for AMZN stock

Amazon.com Inc. [AMZN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.34. With this latest performance, AMZN shares gained by 9.05% in over the last four-week period, additionally plugging by 80.77% over the last 6 months – not to mention a rise of 94.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMZN stock in for the last two-week period is set at 68.13, with the RSI for the last a single of trading hit 72.20, and the three-weeks RSI is set at 66.65 for Amazon.com Inc. [AMZN]. The present Moving Average for the last 50 days of trading for this stock 3,090.37, while it was recorded at 3,408.22 for the last single week of trading, and 2,322.69 for the last 200 days.

Amazon.com Inc. [AMZN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Amazon.com Inc. [AMZN] shares currently have an operating margin of +5.26 and a Gross Margin at +40.99. Amazon.com Inc.’s Net Margin is presently recorded at +4.13.

Return on Total Capital for AMZN is now 12.68, given the latest momentum, and Return on Invested Capital for the company is 11.11. Return on Equity for this stock inclined to 21.95, with Return on Assets sitting at 5.97. When it comes to the capital structure of this company, Amazon.com Inc. [AMZN] has a Total Debt to Total Equity ratio set at 124.94. Additionally, AMZN Total Debt to Total Capital is recorded at 55.54, with Total Debt to Total Assets ending up at 34.42. Long-Term Debt to Equity for the company is recorded at 101.84, with the Long-Term Debt to Total Capital now at 45.28.

Reflecting on the efficiency of the workforce at the company, Amazon.com Inc. [AMZN] managed to generate an average of $14,521 per employee. Receivables Turnover for the company is 15.27 with a Total Asset Turnover recorded at a value of 1.45.Amazon.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

Amazon.com Inc. [AMZN]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Amazon.com Inc. posted 4.23/share EPS, while the average EPS was predicted by analysts to be reported at 4.62/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMZN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amazon.com Inc. go to 36.03%.

An analysis of insider ownership at Amazon.com Inc. [AMZN]

There are presently around $1,011,841 million, or 59.50% of AMZN stock, in the hands of institutional investors. The top three institutional holders of AMZN stocks are: VANGUARD GROUP INC with ownership of 32,974,031, which is approximately -0.006% of the company’s market cap and around 10.90% of the total institutional ownership; BLACKROCK INC., holding 27,918,157 shares of the stock with an approximate value of $96.34 billion in AMZN stocks shares; and STATE STREET CORP, currently with $56.41 billion in AMZN stock with ownership of nearly 0.476% of the company’s market capitalization.

Positions in Amazon.com Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,733 institutional holders increased their position in Amazon.com Inc. [NASDAQ:AMZN] by around 11,090,548 shares. Additionally, 1,387 investors decreased positions by around 46,243,204 shares, while 271 investors held positions by with 235,871,837 shares. The mentioned changes placed institutional holdings at 293,205,589 shares, according to the latest SEC report filing. AMZN stock had 226 new institutional investments in for a total of 1,170,632 shares, while 96 institutional investors sold positions of 993,596 shares during the same period.

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