While Amazon.com Inc has underperformed by -0.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMZN rose by 52.65%, with highs and lows ranging from $230.08 to $143.64, whereas the simple moving average jumped by 20.86% in the last 200 days.
On November 14, 2024, Needham Reiterated Amazon.com Inc (NASDAQ: AMZN) to Buy. A report published by Telsey Advisory Group on November 01, 2024, Reiterated its previous ‘Outperform’ rating for AMZN. Monness Crespi & Hardt also reiterated AMZN shares as ‘Buy’, quoting a target price of $245 on the company’s shares in a report dated November 01, 2024. Loop Capital Reiterated the rating as Buy on October 16, 2024, but set its price target from $750 to $800. Scotiabank initiated its ‘Sector Outperform’ rating for AMZN, as published in its report on October 11, 2024. Pivotal Research Group’s report from October 11, 2024 suggests a price prediction of $260 for AMZN shares, giving the stock a ‘Buy’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
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Analysis of Amazon.com Inc (AMZN)
Further, the quarter-over-quarter increase in sales is 11.04%, showing a positive trend in the upcoming months.
Amazon.com Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 22.56% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and AMZN has an average volume of 38.73M. On a monthly basis, the volatility of the stock is set at 2.27%, whereas on a weekly basis, it is put at 2.26%, with a gain of 5.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $237.63, showing growth from the present price of $225.04, which can serve as yet another indication of whether AMZN is worth investing in or should be passed over.
How Do You Analyze Amazon.com Inc Shares?
Internet Retail giant Amazon.com Inc (AMZN) is based in the USA and is one of the largest companies in the market. When comparing Amazon.com Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 48.23, there is a growth in quarterly earnings of 52.59%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 62.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMZN shares are owned by institutional investors to the tune of 62.93% at present.
