Amazon.com Inc. [NASDAQ: AMZN] price plunged by -1.54 percent to reach at -$2.92.
The one-year AMZN stock forecast points to a potential upside of 11.44. The average equity rating for AMZN stock is currently 1.23, trading closer to a bullish pattern in the stock market.
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 $210.18 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 1.23. 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. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $197 to $211. The new note on the price target was released on February 02, 2024, representing the official price target for Amazon.com Inc. stock. Previously, the target price had yet another raise from $210 to $220, while Wedbush kept a Outperform rating on AMZN stock. On February 02, 2024, analysts increased their price target for AMZN shares from 175 to 200.
The Average True Range (ATR) for Amazon.com Inc. is set at 3.54, with the Price to Sales ratio for AMZN stock in the period of the last 12 months amounting to 3.36. The Price to Book ratio for the last quarter was 9.57, 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 60.01 with Quick ratio for the last quarter at 0.84.
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 0.57. With this latest performance, AMZN shares gained by 5.42% in over the last four-week period, additionally plugging by 41.19% over the last 6 months – not to mention a rise of 90.26% 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 63.35, with the RSI for the last a single of trading hit 63.12, and the three-weeks RSI is set at 63.01 for Amazon.com Inc. [AMZN]. The present Moving Average for the last 50 days of trading for this stock 175.95, while it was recorded at 186.40 for the last single week of trading, and 148.42 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 0.84 and a Current Ratio set at 1.05.
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 30.50%.
Amazon.com Inc. [AMZN] Institutonal Ownership Details
The top three institutional holders of AMZN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AMZN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AMZN stock with ownership which is approximately 5.8386%.
