Amazon (AMZN) Stock Price

Financial Performance

Amazon's recent financial performance shows some concerning trends. The company reported a revenue of $155.7B in the last quarter, which is down by -17.1% from the previous quarter and by -2% YoY. Additionally, their gross profit was $54.1B, experiencing a significant drop of -39.1% QoQ and -30.6% YoY. Their operating income also decreased to $18.4B, down by -13.2% from the previous quarter indicating declining profitability.

Stock Price

The stock price currently stands at $219.78, reflecting a decrease of -4.9% over the past month which indicates bearish trend for investors in short term period . The RSI value at 34.49 suggests that the stock is nearing oversold territory while its 200-day moving average at $214.75 could potentially be acting as support level.

Alternative Data Signals

In terms of alternative data signals, there has been a slight dip in web traffic with an estimated 2692907317 visitors per month (-5.2% MoM and -0.5% YoY). App downloads have also seen a minor decrease to approximately 13500000 per day (-2.9% MoM). Current job openings stand at 11000 (down by -21.4%), indicating potential slowing growth or restructuring within the company.
However, Amazon's social media presence remains strong with increases across Twitter (+1.%), Instagram (+35%) and TikTok (+23%). Only Facebook followers have decreased slightly (-1.%).
In terms of business outlook, employee sentiment appears positive with around 61% reporting they have a positive business outlook, although this is slightly down YoY (-1.6%).

Conclusion

In conclusion, while Amazon remains a dominant force in the market, its recent financial performance and alternative data signals suggest some potential areas of concern. The decrease in revenue, gross profit and operating income coupled with declining web traffic and app downloads indicate potential challenges for the company's growth. However, their strong social media presence and positive employee sentiment provide some positive signals for the future.

Note: This AI Stock Analysis is based on data as of September 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 $219.8, will... Sign up to access price prediction.