Amazon.com Inc. (NASDAQ: AMZN)’s stock price has plunge by -1.54relation to previous closing price of 189.05. Nevertheless, the company has seen a 0.57% surge in its stock price over the last five trading sessions. Business Insider reported 2024-04-14 that In 2016, Amazon launched a private-label brand, Wickedly Prime, to compete with Trader Joe’s. The company hired a former senior manager at Trader Joe’s snack division, per WSJ.
Is It Worth Investing in Amazon.com Inc. (NASDAQ: AMZN) Right Now?
Amazon.com Inc. (NASDAQ: AMZN) has a price-to-earnings ratio of 64.41x that is above its average ratio. Additionally, the 36-month beta value for AMZN is 1.15. There are mixed opinions on the stock, with 28 analysts rating it as a “buy,” 15 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for AMZN is 9.23B and currently, short sellers hold a 0.76% ratio of that float. The average trading volume of AMZN on April 15, 2024 was 42.70M shares.
AMZN’s Market Performance
AMZN’s stock has seen a 0.57% increase for the week, with a 5.42% rise in the past month and a 19.94% gain in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.80% for Amazon.com Inc. The simple moving average for the past 20 days is 3.06% for AMZN’s stock, with a 25.65% simple moving average for the past 200 days.
Analysts’ Opinion of AMZN
Many brokerage firms have already submitted their reports for AMZN stocks, with Wolfe Research repeating the rating for AMZN by listing it as a “Outperform.” The predicted price for AMZN in the upcoming period, according to Wolfe Research is $205 based on the research report published on February 02, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see AMZN reach a price target of $211, previously predicting the price at $197. The rating they have provided for AMZN stocks is “Overweight” according to the report published on February 02nd, 2024.
Wedbush gave a rating of “Outperform” to AMZN, setting the target price at $220 in the report published on February 02nd of the current year.
AMZN Trading at 6.16% from the 50-Day Moving Average
After a stumble in the market that brought AMZN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.92% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +4.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.93% upper at present.
During the last 5 trading sessions, AMZN rose by +0.57%, which changed the moving average for the period of 200-days by +44.09% in comparison to the 20-day moving average, which settled at $180.97. In addition, Amazon.com Inc. saw 22.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMZN starting from Selipsky Adam, who sale 500 shares at the price of $182.53 back on Apr 05 ’24. After this action, Selipsky Adam now owns 131,100 shares of Amazon.com Inc., valued at $91,265 using the latest closing price.
Selipsky Adam, the CEO Amazon Web Services of Amazon.com Inc., sale 500 shares at $184.00 during a trade that took place back on Apr 04 ’24, which means that Selipsky Adam is holding 131,600 shares at $92,000 based on the most recent closing price.
Stock Fundamentals for AMZN
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.47 for the gross margin
The net margin for Amazon.com Inc. stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 17.49, with 6.14 for asset returns.
Based on Amazon.com Inc. (AMZN), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 11.58.
Currently, EBITDA for the company is 88.29 billion with net debt to EBITDA at 0.7. When we switch over and look at the enterprise to sales, we see a ratio of 3.47. The receivables turnover for the company is 11.11for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Amazon.com Inc. (AMZN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
