For Amazon.com Inc. [AMZN], Analyst sees a drop to $3450. What next?

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Amazon.com Inc. [NASDAQ: AMZN] stock went on an upward path that rose over 1.23% on Wednesday, amounting to a one-week price increase of more than 16.89%. The company report on June 1, 2022 that Mindy Kaling Selects Sonali Dev’s The Vibrant Years and Lauren Thoman’s I’ll Stop the World For Mindy’s Book Studio, An Imprint of Amazon Publishing.


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Mindy Kaling and Amazon Publishing announce the first acquisitions for Mindy’s Book Studio.

(NASDAQ:AMZN)—Today, Mindy Kaling and Amazon Publishing announced the first acquisitions for Mindy’s Book Studio, a boutique story studio created to publish stories by emerging and established diverse voices and imagine books from page to screen. Selected by Kaling, best-selling author Sonali Dev’s hilarious and heartfelt novel, The Vibrant Years, will be the first to publish under Mindy’s Book Studio on December 1. The second book will be debut author Lauren Thoman’s clever coming-of-age mystery, I’ll Stop the World, set to publish in April 2023. Readers will have early access to both books a month ahead of publication through Amazon First Reads, as well as through Kindle Unlimited, print, and audio. Amazon Studios has first-look rights to adapt as feature motion pictures.

Over the last 12 months, AMZN stock dropped by -24.75%. The one-year Amazon.com Inc. stock forecast points to a potential upside of 32.32. The average equity rating for AMZN stock is currently 1.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1194.30 billion, with 509.00 million shares outstanding and 458.47 million shares in the current float. Compared to the average trading volume of 4.18M shares, AMZN stock reached a trading volume of 6351274 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $3595.86 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 1.70. 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.

JMP Securities have made an estimate for Amazon.com Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on June 01, 2022. While these analysts kept the previous recommendation, Monness Crespi & Hardt dropped their target price from $4500 to $3700. The new note on the price target was released on April 29, 2022, representing the official price target for Amazon.com Inc. stock. Previously, the target price had yet another drop from $4115 to $4100, while Citigroup kept a Buy rating on AMZN stock.

The Average True Range (ATR) for Amazon.com Inc. is set at 124.54, with the Price to Sales ratio for AMZN stock in the period of the last 12 months amounting to 2.50. The Price to Book ratio for the last quarter was 9.24, with the Price to Cash per share for the same quarter was set at 135.28.

AMZN Stock Performance Analysis:

Amazon.com Inc. [AMZN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.89. With this latest performance, AMZN shares dropped by -2.26% in over the last four-week period, additionally sinking by -30.61% over the last 6 months – not to mention a drop of -24.75% 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 52.11, with the RSI for the last a single of trading hit 62.19, and the three-weeks RSI is set at 47.38 for Amazon.com Inc. [AMZN]. The present Moving Average for the last 50 days of trading for this stock 2,733.65, while it was recorded at 2,299.57 for the last single week of trading, and 3,145.47 for the last 200 days.

Insight into Amazon.com Inc. Fundamentals:

Amazon.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.00.

AMZN Stock EPS

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 40.50%.

Amazon.com Inc. [AMZN] Insider Position Details

There are presently around $776,367 million, or 60.50% of AMZN stock, in the hands of institutional investors. The top three institutional holders of AMZN stocks are: VANGUARD GROUP INC with ownership of 33,965,498, which is approximately 1.627% of the company’s market cap and around 9.80% of the total institutional ownership; BLACKROCK INC., holding 29,143,882 shares of the stock with an approximate value of $70.07 billion in AMZN stocks shares; and J.W. COLE ADVISORS, INC., currently with $43.54 billion in AMZN stock with ownership of nearly 228809.354% of the company’s market capitalization.

Positions in Amazon.com Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 2,371 institutional holders increased their position in Amazon.com Inc. [NASDAQ:AMZN] by around 33,017,789 shares. Additionally, 1,587 investors decreased positions by around 15,170,210 shares, while 371 investors held positions by with 274,734,303 shares. The mentioned changes placed institutional holdings at 322,922,302 shares, according to the latest SEC report filing. AMZN stock had 180 new institutional investments in for a total of 1,270,796 shares, while 169 institutional investors sold positions of 804,683 shares during the same period.

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