Amazon (AMZN) Stock Price

Financial Performance

Amazon's financial performance has been strong with revenues of $187.8B, reflecting an increase of 18.2% from the previous quarter and a substantial rise of 31% YoY. The gross profit was reported at $84.5B, marking an increase of 8.5% QoQ and a significant jump of 19.6% YoY. Their operating income profit also demonstrated positive growth, rising by 21.8% QoQ and by a remarkable rate of 38.5% YoY.

The EBITDA ratio for the last quarter stood at a solid figure of 0.11, indicating healthy profitability levels.

Stock Price

The current stock price is trading at $199.25 which is down by -12.9% over the last month but still above the stock's 200-day moving average ($199.03), suggesting that despite recent losses, long-term trends remain positive.

The RSI value stands at approximately 24.25 which indicates that Amazon's stock is currently in oversold territory and could potentially be due for reversal or bounce-back soon.

Alternative Data Signals

In terms of alternative data signals, there are some mixed signs to consider:

• Website traffic: There has been a decline in website traffic with estimated monthly visitors decreasing by -12%, MoM and -15.% YoY.
• App Downloads: There has been an incredible surge in app downloads with daily downloads increasing by approximately2792%, MoM and an impressive growth rate of2754%, YoY.
• Job postings: Job openings have increased significantly (by about15% MoM and21% YoY), indicating potential expansion or growth in operations.
• Social Media Followers: There has been a steady increase in followers across various social media platforms, with the most significant rise observed on Instagram (22.3% over the last 90 days).

Conclusion

In conclusion, despite some short-term stock price losses and a decrease in web traffic, Amazon's strong financial performance coupled with positive alternative data signals such as increased app downloads, job postings, and social media presence indicate that the company is still performing well overall. Therefore, the outlook for Amazon's stock can be considered moderately bullish.

Note: This AI Stock Analysis is based on data as of March 08. 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 $194.2, 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.