Amazon.com Inc. (NASDAQ:AMZN) has a beta value of 1.17 and has seen 31.14 million shares traded in the last trading session. The company, currently valued at $1812.39B, closed the last trade at $174.48 per share which meant it gained $0.06 on the day or 0.03% during that session. The AMZN stock price is -3.24% off its 52-week high price of $180.14 and 45.2% above the 52-week low of $95.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 38.41 million shares traded. The 3-month trading volume is 45.36 million shares.
Amazon.com Inc. (NASDAQ:AMZN) trade information
Sporting 0.03% in the green in last session, the stock has traded in the green over the last five days, when the AMZN stock price touched $174.48 or saw a rise of 2.81%. Year-to-date, Amazon.com Inc. shares have moved 14.83%, while the 5-day performance has seen it change 1.47%. Over the past 30 days, the shares of Amazon.com Inc. (NASDAQ:AMZN) have changed 2.76%. Short interest in the company has seen 66.87 million shares shorted with days to cover at 1.3.
Amazon.com Inc. (AMZN) estimates and forecasts
Figures show that Amazon.com Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 24.28% over the past 6 months, with this year growth rate of 40.69%, compared to 17.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 148.40% and 33.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.60%.
43 analysts offering their estimates for the company have set an average revenue estimate of $130.73 billion for the current quarter. 40 have an estimated revenue figure of $137.76 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $113.91 billion and $134.38 billion respectively for this quarter and the next, and analysts expect sales will grow by 14.80% for the current quarter and 2.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.55% over the past 5 years. Earnings growth for 2024 is a modest 43.94% while over the next 5 years, the company’s earnings are expected to increase by 16.00%.
AMZN Dividends
Amazon.com Inc. is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Amazon.com Inc. (NASDAQ:AMZN)’s Major holders
Insiders own 9.19% of the company shares, while shares held by institutions stand at 62.84% with a share float percentage of 69.19%. Investors are also buoyed by the number of investors in a company, with Amazon.com Inc. having a total of 5,984 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 725.91 million shares worth more than $94.63 billion. As of Jun 29, 2023, Vanguard Group Inc held 7.04% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 610.88 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $79.63 billion and represent 5.92% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.64% shares in the company for having 272.0 million shares of worth $35.46 billion while later fund manager owns 212.53 million shares of worth $27.71 billion as of Jun 29, 2023, which makes it owner of about 2.06% of company’s outstanding stock.
