Amazon (AMZN) Stock Price

Financial Performance

Amazon's last quarter revenue was $155.7B, marking a decrease of -17.1% from the previous quarter and -2% YoY. The gross profit stood at $54.1B, down by -39.1% QoQ and -30.6% YoY. Their operating income profit was $18.4B, down by -13.2% from the previous quarter, indicating a potential slowdown in their operations or increased costs that are affecting profitability levels.

The EBITDA ratio at 0.12 suggests that Amazon is generating a decent return on its investments.

Stock Price & Technical Indicators

The current stock price is $244.41, an increase of 13.4% over the last month and 17.4% YoY which indicates a strong bullish trend for Amazon's stock price performance.

The RSI value stands at 56.35 which generally signals that the stock is neither overbought nor oversold while the stock's 200-day moving average of $214.92 signifies an upward trend in pricing.

Alternative Data Signals

A slight downward trend can be seen in web traffic with -5-5% MoM and -9-7 % YoY but app downloads seem to be increasing slightly with an estimated growth rate of about .07%. Job postings have remained stable compared to last month but there has been a significant drop YoY (-35%). This could indicate either cost-cutting measures or decreased expansion plans.

Employee outlook remains positive at around 61%, suggesting good internal morale and confidence in future business prospects despite some minor fluctuations over time.

In terms of social media outreach, Amazon's followers on Twitter and Instagram have been growing at a significant pace over the last 90 days. However, Facebook followers have decreased slightly.

Conclusion

Taking all these factors into account, the outlook for Amazon's stock appears to be moderately bullish. The strong performance of the stock price is encouraging but certain financial indicators such as revenue and gross profit have seen a decrease. Alternative data signals provide mixed results with some areas showing growth while others are in decline or remain stable.

Note: This AI Stock Analysis is based on data as of November 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 $244.4, will... Sign up to access price prediction.