"Amazon Stock Drops -5.30% in 2021: Analysts' Insights on AMZN (NASDAQ:AMZN)"

Amazon.com Inc. saw a decrease in stock price and trading volume, but analysts still recommend buying. Revenue growth is expected.

In the most recent trading session, Amazon.com Inc. (NASDAQ:AMZN) experienced a high volume of 50.2 million shares being traded. The company's beta currently stands at 1.25. The stock closed at $128.21 per share, representing a decrease of -$3.48 or -2.64% at the end of the day. This gives Amazon.com Inc. a market valuation of $1276.08B. The closing price of AMZN's stock is at a discount of -14.32% from its 52-week high price of $146.57 and indicates a premium of 36.49% from its 52-week low price of $81.43. Over the past 10 days, the average trading volume for the company has been 56.55 million shares, which extends to an average trading volume of 58.77 million shares over a 3-month period.

Analysts' consensus for Amazon.com Inc. (AMZN) is an average recommendation of a Buy, with a mean rating of 1.80. Out of the 54 analysts covering the stock, 2 rated it as a Sell, while 7 recommended an Overweight rating. 3 analysts suggested a Hold, and 42 analysts see it as a Buy. None of the analysts advised it as Underweight. The company is expected to have an EPS of $0.32 in the current quarter.

While the stock experienced a decrease of -2.64% in the last session, it has remained in the green over the past five days and reached its highest point of the week on Monday, 07/31/23, when it reached a price level of $128.21, adding 4.23% to its value. Amazon.com Inc.'s shares have shown a year-to-date performance change of 52.63% and a 0.05% change over the past 5 days. In the past 30 days, the company's performance is -1.54%.

Wall Street analysts have set a consensus price target of $145.29 for the stock, indicating a potential rise of 11.76% from its current value. The low price target projected by analysts is $99.00, while the high target is $220.00. If the stock were to reach the projected high, its current price would drop by -71.59%, while reaching the targeted low would result in a gain of 22.78% for its current value.

Statistics show that Amazon.com Inc. is performing better than other players in the industry. The company has added 24.32% of value to its shares in the past 6 months, with an annual growth rate of 118.31%, compared to the industry's growth rate of 20.50%. Additionally, the company has raised its revenue forecast for fiscal year 2023, estimating a 260.00% increase in revenue for the current quarter and a 28.60% increase in the next quarter. However, this year's revenue growth is estimated to fall by -0.70% compared to the previous financial year.

37 industry analysts have provided their estimates for the company's current quarter revenue, with an average figure of $119.57 billion. For the next quarter, 36 analysts estimate revenue of $125.69 billion, which will end in September 2023. In the same quarters a year earlier, the company posted sales of $121.23 billion and $127.1 billion, respectively. Analysts expect a -1.40% decrease in sales for this quarter and a -1.10% decrease for the next quarter.

When examining the company's earnings over the past 5 years and the projected earnings for the next 5 years, it is evident that Amazon.com Inc. has experienced an annual earnings growth rate of -26.00% during the past 5 years.

Investors are confident that Amazon.com Inc. will announce better current-quarter dividends in its next quarterly report, despite facing challenges related to mounting debt. The company is likely to release its next quarterly report in September.

The top institutional holder at AMZN is Vanguard Total Stock Market Index Fund, with 263.59 million shares worth $22.14 billion. As of December 30, 2022, it held 2.57% of the company's outstanding shares.

The second largest institutional holder is Vanguard 500 Index Fund, which held approximately 205.18 million shares on December 30, 2022. This represents 2.00% of the outstanding shares, with a total worth of $17.23 billion.