Amazon (AMZN) Stock Price

Financial Performance

Amazon's revenue last quarter was $155.7B, which is a decrease of -17.1% from the previous quarter and -2% year over year. Their gross profit stood at $54.1B, down by -39.1% from the previous quarter and down by -30.6% year over year, indicating some challenges in maintaining profitability levels. The operating income profit was $18.4B, down by -13.2%. The EBITDA ratio was 0.12.

Stock Price

The stock price is currently trading at $228.84, an increase of 1.1% in the last month and up by 29.3% year over year which indicates a strong upward trend in the short term as well as long term period respectively despite recent financial performance concerns.The RSI value stands at 54.32 suggesting neither oversold nor overbought conditions while its 200-day moving average is $212.19 which shows that it has been performing above average for quite some time.

Alternative Data Signals

In terms of alternative data signals, Amazon's web traffic seems to be increasing with an estimated monthly visitor count of around 2840755943 visitors per month (up by 9.9%). Mobile app downloads are also robust with around an estimated daily download count of approximately13900000 times per day indicating high engagement rates among users.The number of job postings has decreased significantly (down by -30%) suggesting potential cost-cutting measures or efficiency improvements.Social media followers have shown mixed trends with increases on Twitter (+3.%), Instagram (+35%), TikTok(+26%) but a slight decrease on Facebook (-0.%).

Conclusion

Despite some financial performance concerns, Amazon's stock has shown strong resilience and upward trend. The company's robust web traffic and high app download rates signal strong user engagement. However, the decrease in job postings could be a potential red flag that requires further investigation. Overall, based on these factors, the analysis is moderately bullish.

Note: This AI Stock Analysis is based on data as of August 23. 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 $228.8, 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.