During the last session, Amazon.com Inc (NASDAQ:AMZN)’s traded shares were 17.19 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $198.39, reflecting an intraday loss of -2.21% or -$4.49. The 52-week high for the AMZN share is $215.90, that puts it down -8.83 from that peak though still a striking 28.68% gain since the share price plummeted to a 52-week low of $141.50. The company’s market capitalization is $2086.07B, and the average intraday trading volume over the past 10 days was 43.92 million shares, and the average trade volume was 37.34 million shares over the past three months.
Amazon.com Inc (AMZN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.28. AMZN has a Sell rating from 0 analyst(s) out of 44 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 40 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.47.
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Amazon.com Inc (NASDAQ:AMZN) trade information
Amazon.com Inc (AMZN) registered a -2.21% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.21% in intraday trading to $198.39, hitting a weekly high. The stock’s 5-day price performance is -6.19%, and it has moved by 7.41% in 30 days. Based on these gigs, the overall price performance for the year is 37.87%. The short interest in Amazon.com Inc (NASDAQ:AMZN) is 76.62 million shares and it means that shorts have 2.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $217.5, which implies an increase of 8.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $103 and $270 respectively. As a result, AMZN is trading at a discount of -36.1% off the target high and 48.08% off the low.
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 9.58% during the last six months, with a year-to-date growth rate more than the industry average at 78.28% against 14.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 47.16% this quarter and then jump 40.26% in the quarter after that. In the rating firms’ projections, revenue will increase 10.95% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 187.24B as predicted by 45 analyst(s). Meanwhile, a consensus of 32 analyst(s) estimates revenue growth to 158.46B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 169.96B and 143.31B respectively. In this case, analysts expect current quarter sales to grow by 10.17% and then jump by 10.57% 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 76.80% in 2024, the next five years will return 17.50% per annum.
AMZN Dividends
Amazon.com Inc is due to release its next quarterly earnings in December. 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 10.14% of total outstanding shares while institutional holders control 64.23%, with the float percentage being 71.48%. VANGUARD GROUP INC is the largest shareholder of the company, while 6352.0 institutions own stock in it. As of 2024-06-30, the company held over 767.07 million shares (or 7.3806% of all shares), a total value of $148.24 billion in shares.
The next largest institutional holding, with 648.7 million shares, is of BLACKROCK INC.’s that is approximately 6.2417% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $125.36 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 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 295.89 shares. This amounts to just over 2.81 percent of the company’s overall shares, with a $58.8 billion market value. The same data shows that the other fund manager holds slightly less at 235.04, or about 2.24% of the stock, which is worth about $46.71 billion.
