Amazon.com Inc (NASDAQ:AMZN).'s stock saw a rise of 0.78% to $138.07 on Thursday, marking a five-day winning streak in a robust market session. This performance was mirrored by the S&P 500 and Dow Jones which surged by 1.89% and 1.70% respectively.
Despite trailing behind tech giants Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL) Inc.'s Cl C that registered gains of 2.07%, 0.65%, and 0.79%, Amazon managed to maintain a healthy trading volume. The e-commerce behemoth recorded 51.5 million shares traded, slightly below its fifty-day average of 54.1 million shares.
However, Amazon's stock ended the day $7.79 short of its September 14th high of $145.86, according to data analysis by Automated Insights using information from Dow Jones and FactSet.
InvestingPro Insights
Amazon.com Inc. (AMZN) has been a prominent player in the Broadline Retail industry, with a significant return over the last week and a large price uptick over the last six months. Analysts predict that the company will be profitable this year, with a net income expected to grow. These insights align with the InvestingPro Tips, which also highlight that 21 analysts have revised their earnings upwards for the upcoming period.
In terms of real-time data from InvestingPro, Amazon's market capitalization stands at a hefty 1430.0B USD. The company has a P/E ratio of 70.39, while its adjusted P/E ratio for the last twelve months as of Q3 2023 is 60.31, indicating a potential for earnings growth. Additionally, the company's revenue for the same period stands at a staggering 554.03B USD, with a revenue growth of 10.32%.
For those seeking more in-depth insights and tips, InvestingPro offers 15 additional tips for Amazon, as well as a wealth of real-time data metrics. These can provide valuable guidance for investors looking to delve deeper into the company's performance and potential.
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