Amazon (AMZN) Stock Price

Financial Performance

Amazon's revenue of $155.7B, although down by -17.1% from the previous quarter and -2% YoY, still indicates strong sales. However, a significant drop in gross profit (-39.1% QoQ and -30.6% YoY) might be concerning for investors as it signals reduced efficiency in production or increased cost of goods sold (COGS). The EBITDA ratio of 0.12 is relatively low, which could suggest that Amazon has room to improve its operating performance.

Stock Price

The stock price is currently at $223.3, up by 8.8% over the last month and 15.5% YoY, outperforming many stocks during this period. The RSI value of 66.69 suggests that the stock is near overbought territory and may be due for a correction or pullback soon while the PE ratio at 36.31 indicates that investors are willing to pay a higher price because they expect high earnings growth in future.

Alternative Data Signals

The increase in web traffic (+4.9%) and mobile app downloads (+2592.% MoM) are positive signs indicating high consumer interest and engagement with Amazon's platform which can translate into potential sales growth for the company going forward despite a slight decrease (-11.% YoY) in web traffic year on year . The number of job openings remains stable suggesting consistent business expansion plans but slightly lower employee outlook (-1.% YoY) might point towards potential internal issues affecting morale or productivity.

Social Media Presence

In terms of social media followership , there has been an overall increase especially on Instagram (+28.1%) and TikTok (+21.4%) over the last 90 days which can help Amazon in terms of brand visibility, customer engagement and potentially driving sales.

Conclusion

Overall, despite some concerns on profitability ratios and employee outlook, strong revenue figures coupled with positive alternative data signals such as increased web traffic and mobile app downloads as well as growing social media presence make the outlook for Amazon's stock moderately bullish.

Note: This AI Stock Analysis is based on data as of June 28. 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 $219.4, 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.