Amazon.com Inc. (NASDAQ: AMZN) Stock Forecast: An Analysis

In the last trading session, 34.45 million Amazon.com Inc. (NASDAQ:AMZN) shares changed hands as the company’s beta touched 1.15. With the company’s per share price at $188.70 changed hands at $2.49 or 1.34% during last session, the market valuation stood at $1963.73B. AMZN’s last price was a discount, traded about -0.57% off its 52-week high of $189.77. The share price had its 52-week low at $103.31, which suggests the last value was 45.25% up since then. When we look at Amazon.com Inc.’s average trading volume, we note the 3-month average coming to 42.20 million.

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

Instantly AMZN was in green as seen at the end of in last trading. With action 4.28%, the performance over the past five days has been green. The jump to weekly highs of 188.74 added 1.34% to the stock’s daily price. The company’s shares are showing year-to-date upside of 24.19%, with the 5-day performance at 4.28% in the green. However, in the 30-day time frame, Amazon.com Inc. (NASDAQ:AMZN) is 1.96% up.

Amazon.com Inc. (AMZN) estimates and forecasts

Data shows that the Amazon.com Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 36.67% over the past 6 months, a 56.55% in annual growth rate that is considerably higher than the industry average of 18.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.55%. The 2024 estimates are for Amazon.com Inc. earnings to increase by 54.63%, but the outlook for the next 5-year period is at 30.50% per year.