In the latest trading session, 13.33 million Amazon.com Inc. (NASDAQ:AMZN) shares changed hands as the company’s beta touched 1.15. With the company’s most recent per share price at $180.16 changing hands around $1.28 or 0.72% at last look, the market valuation stands at $1890.89B. AMZN’s current price is a discount, trading about -11.68% off its 52-week high of $201.20. The share price had its 52-week low at $118.35, which suggests the last value was 34.31% up since then. When we look at Amazon.com Inc.’s average trading volume, we note the 10-day average is 36.81 million shares, with the 3-month average coming to 42.77 million.
Analysts gave the Amazon.com Inc. (AMZN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. If we narrow down to specifics, the data shows that 0 out of 44 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended AMZN as a Hold, 40 felt it is a Buy and 0 rated the stock as Underweight. Amazon.com Inc.’s EPS for the current quarter is expected to be 1.14.
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Amazon.com Inc. (NASDAQ:AMZN) trade information
Instantly AMZN is in green as seen in intraday trades today. With action 5.91%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 18.57%, with the 5-day performance at 5.91% in the green. However, in the 30-day time frame, Amazon.com Inc. (NASDAQ:AMZN) is -3.35% down. Looking at the short shares, we see there were 71.87 million shares sold at short interest cover period of 1.82 days.
The consensus price target for the stock as assigned by Wall Street analysts is 213, meaning bulls need an upside of 15.42% from its recent market value. According to analyst projections, AMZN’s forecast low is 103 with 270 as the target high. To hit the forecast high, the stock’s price needs a -49.87% plunge from its current level, while the stock would need to tank 42.83% for it to hit the projected low.
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 6.86% over the past 6 months, a 62.76% in annual growth rate that is considerably higher than the industry average of 12.00%. Year-over-year growth is forecast to reach 10.50% up from the last financial year.
Consensus estimates given by 39 financial analysts project the company’s revenue in the current quarter to hit an average of 157.1B. 37 analysts are of the opinion that Amazon.com Inc.’s revenue for the current quarter will be 186B. The company’s revenue for the corresponding quarters a year ago was 141.41B and 169.96B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.10%. The estimates for the next quarter sales put growth at 9.40%.
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 63.01%, but the outlook for the next 5-year period is at 30.50% per year.
AMZN Dividends
Amazon.com Inc. is expected to release its next quarterly earnings report on 2024-Oct-24.
Amazon.com Inc. (NASDAQ:AMZN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.99% of Amazon.com Inc. shares while 64.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.52%. There are 64.17% institutions holding the Amazon.com Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.3806% of the shares, roughly 767.07 million AMZN shares worth $148.24 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.2417% or 648.7 million shares worth $125.36 billion as of 2024-06-30.
