Amazon.com Inc. [NASDAQ: AMZN] traded at a low on Friday, posting a -0.17 loss after which it closed the day’ session at $169.51. The company report on February 1, 2024 at 4:01 PM that Amazon.com Announces Fourth Quarter Results.
Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2023.
The results of the trading session contributed to over 47876490 shares changing hands. Over the past one week, the price volatility of Amazon.com Inc. stands at 2.24% while the volatility over the past one month is 2.05%.
The market cap for AMZN stock reached $1760.77 billion, with 10.38 billion shares outstanding and 9.21 billion shares in the current float. Compared to the average trading volume of 48.50M shares, AMZN reached a trading volume of 47876490 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $207.59 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 1.19. 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.
Wolfe Research have made an estimate for Amazon.com Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 02, 2024.
The Average True Range (ATR) for Amazon.com Inc. is set at 3.81, with the Price to Sales ratio for AMZN stock in the period of the last 12 months amounting to 3.06. The Price to Book ratio for the last quarter was 8.72, with the Price to Cash per share for the same quarter was set at 8.40. Price to Free Cash Flow for AMZN in the course of the last twelve months was 54.65 with Quick ratio for the last quarter at 0.84.
How has AMZN stock performed recently?
Amazon.com Inc. [AMZN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.83. With this latest performance, AMZN shares gained by 10.43% in over the last four-week period, additionally plugging by 26.52% over the last 6 months – not to mention a rise of 67.57% 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 60.56, with the RSI for the last a single of trading hit 58.17, and the three-weeks RSI is set at 61.30 for Amazon.com Inc. [AMZN]. The present Moving Average for the last 50 days of trading for this stock 156.41, while it was recorded at 170.25 for the last single week of trading, and 137.23 for the last 200 days.
Amazon.com Inc. [AMZN]: Deeper insight into the fundamentals
Amazon.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 1.05.
Earnings analysis for Amazon.com Inc. [AMZN]
With the latest financial reports released by the company, Amazon.com Inc. posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 47.60%. 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 16.00%.
Insider trade positions for Amazon.com Inc. [AMZN]
The top three institutional holders of AMZN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AMZN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AMZN stock with ownership which is approximately 5.8325%.
