Amazon.com Inc. (NASDAQ:AMZN) has a beta value of 1.15 and has seen 31.7 million shares traded in the last trading session. The company, currently valued at $1969.92B, closed the last trade at $187.69 per share which meant it gained $0.15 on the day or 0.08% during that session. The AMZN stock price is -7.2% off its 52-week high price of $201.20 and 36.94% above the 52-week low of $118.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 29.8 million shares traded. The 3-month trading volume is 39.58 million shares.
The consensus among analysts is that Amazon.com Inc. (AMZN) is Buy stock at the moment, with a recommendation rating of 1.24. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 44 have rated it as a Hold, with 40 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.14.
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Amazon.com Inc. (NASDAQ:AMZN) trade information
Sporting 0.08% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMZN stock price touched $187.69 or saw a rise of 1.18%. Year-to-date, Amazon.com Inc. shares have moved 23.53%, while the 5-day performance has seen it change 2.72%. Over the past 30 days, the shares of Amazon.com Inc. (NASDAQ:AMZN) have changed 1.51%. Short interest in the company has seen 92.62 million shares shorted with days to cover at 2.41.
Wall Street analysts have a consensus price target for the stock at $211.5, which means that the shares’ value could jump 11.26% from current levels. The projected low price target is $103.0 while the price target rests at a high of $270.0. In that case, then, we find that the current price level is -43.85% off the targeted high while a plunge would see the stock lose 45.12% from current levels.
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 2.38% over the past 6 months, with this year growth rate of 63.45%, compared to 13.10% for the industry. Revenue growth from the last financial year stood is estimated to be 10.50%.
43 analysts offering their estimates for the company have set an average revenue estimate of 157.16B for the current quarter. 41 have an estimated revenue figure of 186.09B for the next ending quarter. Year-ago sales stood 141.41B and 169.96B respectively for this quarter and the next, and analysts expect sales will grow by 11.10% for the current quarter and 10.50% 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 63.18% while over the next 5 years, the company’s earnings are expected to increase by 17.00%.
AMZN Dividends
Amazon.com Inc. is expected to release its next earnings report in November 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 8.99% of the company shares, while shares held by institutions stand at 64.15% with a share float percentage of 70.48%. Investors are also buoyed by the number of investors in a company, with Amazon.com Inc. having a total of 6309.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 767.07 million shares worth more than $148.24 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.3806% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 648.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $125.36 billion and represent 6.2417% 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 30, 2024 , the former fund manager holds about 2.82% shares in the company for having 295.89 shares of worth $55.53 billion while later fund manager owns 235.04 shares of worth $44.12 billion as of Jun 30, 2024 , which makes it owner of about 2.24% of company’s outstanding stock.
