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Amazon Shares Show Resilience Amid Market Fluctuations

POSTED ON November 21, 2024 •   Business      BY Suleiman Kelvin Jimoh •   VIEWS 38
Amazon l Credit: freepressjournal

Amazon.com Inc (AMZN) has demonstrated a remarkable rebound in the stock market, showing a year-to-date increase of 33.53%, despite recent fluctuations.

As of the latest trading session, Amazon's stock price stood at $202.88, reflecting a slight daily decline of 0.85%. However, post-market trading saw an uptick of 0.51%, with the stock price rising to $203.92.

Amazon's stock rises to $203.94 after-hours, gaining slightly. [Source: CNBC]
Amazon's stock rises to $203.94 after-hours, gaining slightly. [Source: CNBC]

Key financial metrics indicate robust performance, with Amazon boasting a market capitalization of $2.133 trillion.

The company has maintained a strong growth trajectory, with revenue reaching $620.128 billion and a gross margin of 48.41%. The earnings per share (EPS) stand at $4.67, supported by a price-to-earnings (P/E) ratio of 43.48, indicating investor confidence in its future profitability.

In terms of stock performance, Amazon has achieved significant milestones, reaching a 52-week high of $215.90. This growth is underscored by a steady increase in returns over various periods, with a notable 40.99% rise over the past year.

The forward outlook for Amazon remains optimistic, as indicated by earnings projections.

The company is expected to continue its growth trajectory, with analysts forecasting sustained increases in quarterly earnings throughout 2025.

 

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