Amazon (AMZN) Stock Price

Financial Performance

Amazon's financial performance has been strong, with revenues of $187.8B in the last quarter, a significant increase of 18.2% from the previous quarter and an impressive growth rate of 31% year over year. The gross profit was also up by 8.5% from the previous quarter and by 19.6% YoY to $84.5B, indicating a healthy profitability for the company. Operating income profit grew even more robustly at a rate of 21.8% QoQ and a whopping 38.5% YoY to reach $21.2B.

Stock Price

The stock price is currently at $196.21, down by -14.2% in the last month which could be concerning for investors but might also represent a buying opportunity given Amazon's strong fundamentals and growth prospects if this is merely a short-term correction rather than indicative of any long-term issues with the company.

Alternative Data Signals

Website traffic trends indicate that Amazon continues to attract massive web traffic despite a slight decline MoM and YoY; however, app downloads have surged dramatically both MoM and YoY which may point towards changing consumer behavior favoring mobile platforms or specific initiatives by Amazon driving this trend such as enhanced features or marketing efforts aimed at increasing app usage amongst its customer base.

The number of job postings has increased substantially both MoM and YoY signaling that Amazon is likely in expansion mode adding new capabilities or scaling existing ones to meet demand or enter new markets.

A positive business outlook reported by approximately two-thirds (62%) of employees suggests high morale which can contribute positively towards productivity, innovation, customer service quality etc., all of which can ultimately impact the bottom line.

Finally, Amazon's social media following is growing steadily on most platforms (Twitter, Instagram, TikTok) except Facebook where it has decreased slightly. This could be indicative of shifting social media preferences amongst users and something that marketers at Amazon need to take into account in terms of their digital marketing strategy.

Conclusion

In conclusion, despite a recent dip in stock price and web traffic, other indicators such as revenue growth, profit margins, app downloads, job postings and employee sentiment are positive for Amazon. Therefore, our analysis is cautiously bullish on Amazon's stock performance.

Note: This AI Stock Analysis is based on data as of March 22. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Amazon (AMZN), currently trading at $203.3, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.