Amazon (AMZN) Stock Breaks Out to All-time High

Amazon.com

Amazon.com (AMZN) stock just reached another all-time high Tuesday, printing the tape at $701.92, and hitting a market cap of nearly $561 billion. That’s a 67.78% rise, or $283.56 per share, from the 52-week low of $418.36 set in May 20, 2015.The move followed a price target increase to $1,000 from $770 at Bernstein. Separately, ChannelAdvisor reported that the e-commerce giant’s same store sales jumped almost 13 percent on a year-over-year basis in April.

Momentum:

AMZN stock is up 57% year-over-year. The stock pushed through its 50-day MA and 200-day MA gaining 70 points after the Seattle-based company reported in late April Q116 revenue and profit that easily topped the Street’s expectations. For the current quarter ending in July, Amazon said it expects revenue in the range of $28 billion to $30.5 billion, as compared to analysts’ expectations of $28.34 billion.

On valuation-measures, shares of Amazon.com have a trailing-12 and forward P/E of 560.35 and 72.04, respectively. P/E to growth ratio is 2.31, while t-12 profit margin is 0.56%. EPS registers at 1.25. The company has a median Street price target of $800.00 with a high target of $1,000.

On trading-measure, AMZN stock has a beta of 1.64 and a short float of about 6.5 million. In the past 52 weeks, shares of the retailer of consumer products in North America and internationally have traded between a low of $418.36 and a high of $701.92 with its 50-day MA and 200-day MA located at $615.93 and $611.14 levels, respectively.

AMZN currently prints a one year return of about 57% and a year-to-date return of less than 4 percent.

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