Amazon.com, Inc. (AMZN) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Amazon.com, Inc. (AMZN), headquartered in Seattle, Washington, stands as a dominant force in the Internet Retail industry within the Consumer Cyclical sector. The company operates both online and physical retail spaces, providing a vast array of consumer products, alongside advertising and subscription services. Amazon’s operations are mainly segmented into North America, International, and Amazon Web Services (AWS). It is also known for manufacturing popular electronic devices like the Kindle and Echo, and invests heavily in content development. This commitment fosters a diverse ecosystem empowering sellers, authors, and creators across multiple platforms. As of now, analysts have assigned a positive recommendation to the Internet Retail sector, with a prevailing “buy” rating for Amazon, evidenced by a target high price of $265.00. The company reported total revenues of approximately $604.33 billion, underscoring its significant scale and financial strength in the competitive online retail space.
Investment Outlook
With the shift towards online shopping solidified by current revenue figures, Amazon.com, Inc. appears poised to harness evolving market trends effectively. Investors are presented with a potential entry point as e-commerce continues to flourish. The current stock price is notably $191.60, with an optimistic target mean price of $218.60, suggesting substantial upside potential for investors. The company boasts approximately 10.5 billion shares outstanding, with a relatively modest short interest of about 0.0087% of the float, indicating a positive market sentiment among investors. The bullish investment analysis reinforces confidence, as analysts have set a target high price at $265.00 and a target low at $180.00, with a mean recommendation score of 1.8 reflecting a strong buy sentiment from 58 analysts.
Market Performance
Examining recent performance metrics, Amazon’s stock currently trades above its fifty-day moving average of $178.86, reflective of a strong upward trend. Notably, it is nearing its fifty-two week high of $201.20, further affirming positive market sentiment and potential momentum for continued price appreciation. In contrast, the fifty-two week low of $118.35 presents a stark reminder of the asset’s recovery journey, reinforcing its resilience in navigating market fluctuations. The overall metrics paint a favorable investment landscape, bolstered by robust analyst recommendations and promising technical indicators.
| Metric | Value |
|---|---|
| Market Cap | $2011.0b |
| Total Debt | $157.8b |
| Total Cash | $89.1b |
| Shares Outstanding | 10.5b |
| Float Shares | 9.4b |
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