Amazon.com Inc. [NASDAQ: AMZN] closed the trading session at $94.90 on 03/03/23. The day’s price range saw the stock hit a low of $92.66, while the highest price level was $94.94. The company report on March 2, 2023 that Amazon Business Launches 3-Way Match for Mobile App.
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New feature enables customers to save time and reduce costs by closing purchase orders anywhere, anytime.
Today, Amazon Business announced the launch of 3-Way Match on the Amazon Business mobile app to help business customers improve their smart business-buying strategies and automate reporting. Now available in the U.S., the new 3-Way Match app enables account administrators and approved buyers to use a mobile device to simply scan the barcode of a package when it arrives and automatically mark the item as received. With this new feature, the nearly 1 million active users on the Amazon Business mobile app in the U.S. have a simple and quick way to close purchase orders—anywhere, anytime—at no additional cost.
The stocks have a year to date performance of 12.98 percent and weekly performance of 1.50 percent. The stock has been moved at -25.14 percent over the last six months. The stock has performed -9.75 percent around the most recent 30 days and changed -1.70 percent over the most recent 3-months.
If compared to the average trading volume of 73.40M shares, AMZN reached to a volume of 55232356 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $133.64 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.
Credit Suisse have made an estimate for Amazon.com Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 30, 2023. While these analysts kept the previous recommendation, Barclays dropped their target price from $140 to $130. The new note on the price target was released on January 30, 2023, representing the official price target for Amazon.com Inc. stock. Previously, the target price had yet another drop from $121 to $118, while UBS kept a Buy rating on AMZN stock. On January 24, 2023, analysts decreased their price target for AMZN shares from 140 to 125.
The Average True Range (ATR) for Amazon.com Inc. is set at 3.14, with the Price to Sales ratio for AMZN stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 6.64, with the Price to Cash per share for the same quarter was set at 7.04.
AMZN stock trade performance evaluation
Amazon.com Inc. [AMZN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.50. With this latest performance, AMZN shares dropped by -9.75% in over the last four-week period, additionally sinking by -25.14% over the last 6 months – not to mention a drop of -37.59% 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 47.05, with the RSI for the last a single of trading hit 46.42, and the three-weeks RSI is set at 48.07 for Amazon.com Inc. [AMZN]. The present Moving Average for the last 50 days of trading for this stock 94.46, while it was recorded at 93.44 for the last single week of trading, and 109.17 for the last 200 days.
Amazon.com Inc. [AMZN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Amazon.com Inc. [AMZN] shares currently have an operating margin of +2.63 and a Gross Margin at +43.81. Amazon.com Inc.’s Net Margin is presently recorded at -0.53.
Return on Equity for this stock declined to -1.91, with Return on Assets sitting at -0.62.
Amazon.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
Amazon.com Inc. [AMZN]: Insider Ownership positions
There are presently around $570,390 million, or 60.10% of AMZN stock, in the hands of institutional investors. The top three institutional holders of AMZN stocks are: VANGUARD GROUP INC with ownership of 712,070,069, which is approximately 1.499% of the company’s market cap and around 9.80% of the total institutional ownership; BLACKROCK INC., holding 594,720,496 shares of the stock with an approximate value of $56.44 billion in AMZN stocks shares; and STATE STREET CORP, currently with $31.91 billion in AMZN stock with ownership of nearly 1.947% of the company’s market capitalization.
Positions in Amazon.com Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 2,024 institutional holders increased their position in Amazon.com Inc. [NASDAQ:AMZN] by around 340,897,019 shares. Additionally, 2,119 investors decreased positions by around 344,062,959 shares, while 243 investors held positions by with 5,325,473,626 shares. The mentioned changes placed institutional holdings at 6,010,433,604 shares, according to the latest SEC report filing. AMZN stock had 320 new institutional investments in for a total of 32,853,495 shares, while 255 institutional investors sold positions of 29,695,821 shares during the same period.