Amazon (AMZN) Stock Price

Financial Performance

Amazon's financial performance has seen some ups and downs. The company reported a revenue of $155.7B in the last quarter, which was down by -17.1% from the previous quarter and -2% year over year. Their gross profit was also down at $54.1B, showing a decrease by -39.1% from the previous quarter and -30.6% year over year. However, their operating income profit stood at $18.4B, despite being down by -13.2%. The EBITDA ratio of Amazon is currently at 0.12.

Stock Price

The stock price of Amazon is currently trading at $205.01, up by 14.2% in the last month and up by 16.2% year over year which shows positive signs for investors interested in capital gains as well as those who are long-term holders of the stock.The RSI value stands at a neutral level of 58 indicating that it is neither oversold nor overbought.The stock's 200-day moving average is slightly below its current price which indicates an upward trend.

Alternative Data Signals

In terms of alternative data signals, there have been fluctuations across different areas but overall they indicate potential growth opportunities for Amazon's stock.Amazon’s web traffic saw a slight decrease with an estimated visitor count per month going down by -4%. However,the number of daily app downloads has seen a significant increase recently.This suggests that while fewer people may be visiting their website, more are downloading their apps to engage with their services.Job postings decreased slightly but this could be due to various factors including seasonal trends or shifts in business strategy.On social media platforms like Twitter , Instagram , TikTok, and Facebook, Amazon has seen a steady increase in followers which indicates growing brand popularity and customer engagement.

Conclusion

Overall, despite some short-term downturns in revenue and gross profit, Amazon's stock shows signs of resilience. The increasing trend in the stock price coupled with rising app downloads and social media following suggest potential for future growth. Hence,the AI analysis is bullish on Amazon's stock.

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 $205, 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.