The price of Amazon.com Inc. (NASDAQ:AMZN) shares last traded on Wall Street fell -0.86% to $184.89.
AMZN stock price is now 2.75% away from the 50-day moving average and 6.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1940.53B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $230, Cantor Fitzgerald recently initiated with Overweight rating for Amazon.com Inc. (NASDAQ: AMZN). On August 02, 2024, Maxim Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $238 to quote $251, while ‘Itau BBA’ rates the stock as ‘Market Perform’
In other news, Herrington Douglas J, CEO Worldwide Amazon Stores sold 3,500 shares of the company’s stock on Sep 03 ’24. The stock was sold for $622,545 at an average price of $177.87. Upon completion of the transaction, the CEO Worldwide Amazon Stores now directly owns 517,660 shares in the company, valued at $95.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, President and CEO Jassy Andrew R sold 20,784 shares of the business’s stock. A total of $3,757,109 was realized by selling the stock at an average price of $180.77. This leaves the insider owning 2,056,534 shares of the company worth $380.23 million. A total of 10.84% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc. has had a low of $118.35 and a high of $201.20. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.10, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $2009275301888, which is based on a 44.30 price-to-earnings ratio, a 1.45 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for AMZN is $179.6376 and a two-hundred day moving average price translates $174.10645 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for 2024-06-30. The net profit margin was 7.35% and return on equity was 21.93% for AMZN. The company reported revenue of $147.98 billion for the quarter, compared to $134.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.12 percent.
