Amazon.com Inc. (NASDAQ: AMZN) At Current Prices: Is It Worth Investing In?

During the last session, Amazon.com Inc. (NASDAQ:AMZN)’s traded shares were 30.89 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $182.41, reflecting an intraday gain of 0.95% or $1.72. The 52-week high for the AMZN share is $183.00, that puts it down -0.32 from that peak though still a striking 46.43% gain since the share price plummeted to a 52-week low of $97.71. The company’s market capitalization is $1894.77B, and the average intraday trading volume over the past 10 days was 30.94 million shares, and the average trade volume was 43.80 million shares over the past three months.

Amazon.com Inc. (NASDAQ:AMZN) trade information

Amazon.com Inc. (AMZN) registered a 0.95% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.95% in intraday trading to $182.41, hitting a weekly high. The stock’s 5-day price performance is 2.31%, and it has moved by 2.72% in 30 days. Based on these gigs, the overall price performance for the year is 76.60%. The short interest in Amazon.com Inc. (NASDAQ:AMZN) is 72.82 million shares and it means that shorts have 1.74 day(s) to cover.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Amazon.com Inc. (AMZN) estimates and forecasts

Statistics show that Amazon.com Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Amazon.com Inc. (AMZN) shares have gone up 40.90% during the last six months, with a year-to-date growth rate more than the industry average at 40.69% against 13.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 167.70% this quarter and then jump 46.20% in the quarter after that. In the rating firms’ projections, revenue will increase 11.60% compared to the previous financial year.

Revenue for the current quarter is expected to be $142.5 billion as predicted by 43 analyst(s). Meanwhile, a consensus of 40 analyst(s) estimates revenue growth to $150.16 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $113.91 billion and $134.38 billion respectively. In this case, analysts expect current quarter sales to grow by 25.10% and then jump by 11.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.55%. While earnings are projected to return 43.82% in 2024, the next five years will return 16.00% per annum.

AMZN Dividends

Amazon.com Inc. is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Amazon.com Inc. (NASDAQ:AMZN)’s Major holders

Amazon.com Inc. insiders own 9.18% of total outstanding shares while institutional holders control 62.83%, with the float percentage being 69.18%. Vanguard Group Inc is the largest shareholder of the company, while 5,951 institutions own stock in it. As of Jun 29, 2023, the company held over 725.91 million shares (or 7.04% of all shares), a total value of $94.63 billion in shares.

The next largest institutional holding, with 610.88 million shares, is of Blackrock Inc.’s that is approximately 5.92% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $79.63 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Amazon.com Inc. (AMZN) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 272.0 million shares. This amounts to just over 2.64 percent of the company’s overall shares, with a $35.46 billion market value. The same data shows that the other fund manager holds slightly less at 212.53 million, or about 2.06% of the stock, which is worth about $27.71 billion.