Amazon (AMZN) Stock Price

Financial Performance

Amazon's financial performance shows mixed results. The company reported a revenue of $155.7B, which is down by -17.1% from the previous quarter and by -2% year over year. Their gross profit was $54.1B, a significant decrease of -39.1% from the previous quarter and down by -30.6% year over year, indicating some potential issues with cost control or pricing strategy.

Their operating income profit was also down at $18.4B, reflecting a decrease of -13.2% from the previous quarter which might raise concerns about their operational efficiency.

Stock Price & Technical Indicators

The stock price currently stands at $228.71, showing an increase by 1% in the last month and an impressive rise of 32.1% YoY which indicates investor confidence in Amazon's long-term prospects despite recent quarterly declines in financial performance metrics.

The RSI value is at 56.85 suggesting that the stock is not overbought or oversold while its 200-day moving average at $212.5 indicates a bullish trend for the stock.

Alternative Data Signals

Alternative data signals show positive trends with web traffic up by nearly 10%, mobile app downloads are strong with estimated daily downloads around five million times per day indicating robust consumer engagement and demand for Amazon’s services.

In terms of job openings, there has been a significant decrease (-26%). This could be interpreted as either cost-saving measures or reduced growth expectations but requires further investigation to determine its impact on future business outlooks.

Social Media Followers & Business Outlook

On the social media front, Amazon's follower count has increased on Twitter, Instagram and TikTok indicating strong brand engagement. However, there is a slight decrease in Facebook followers.

Regarding business outlook, 61% of employees have a positive business outlook which remained unchanged from the previous month but down by -1.6% YoY.

Conclusion

In conclusion, despite some financial setbacks in the recent quarter, Amazon's stock performance remains strong with bullish trends supported by high consumer engagement and robust web traffic growth. Therefore, this analysis is moderately bullish on Amazon’s stock.

Note: This AI Stock Analysis is based on data as of August 27. 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 $231.7, 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.