In yesterday’s Wall Street session, Amazon.com Inc (NASDAQ:AMZN) shares traded at $210.71, up 1.36% from the previous session.
AMZN stock price is now 8.12% away from the 50-day moving average and 14.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2238.77B.
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 enhanced from $210 to $250, Needham maintained Buy rating for Amazon.com Inc (NASDAQ: AMZN). On November 01, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $215 to quote $235, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Jassy Andrew R, President and CEO sold 20,784 shares of the company’s stock on Nov 21 ’24. The stock was sold for $4,160,373 at an average price of $200.17. Upon completion of the transaction, the President and CEO now directly owns 2,087,710 shares in the company, valued at $439.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, CEO Worldwide Amazon Stores Herrington Douglas J sold 6,104 shares of the business’s stock. A total of $1,221,989 was realized by selling the stock at an average price of $200.19. This leaves the insider owning 528,067 shares of the company worth $111.27 million. A total of 10.73% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc has had a low of $142.81 and a high of $215.90. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.09, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $2286101987328, which is based on a 45.16 price-to-earnings ratio, a 2.15 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for AMZN is $194.4946 and a two-hundred day moving average price translates $184.4853 for the stock.
The latest earnings results from Amazon.com Inc (NASDAQ: AMZN) was released for 2024-09-30. The net profit margin was 8.04% and return on equity was 22.56% for AMZN. The company reported revenue of $158.88 billion for the quarter, compared to $143.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.04 percent.
