Shares of Amazon.com, Inc. (AMZN) just reached another all-time high Tuesday, printing the tape at $694.88. That’s a 143.60% rise, or $409.63 per share from the 52-week low of $285.25 set in January 16, 2015.
The stock closed at $675.20 at the end of Monday’s trading session and is currently printing a one-year return of 118.45% and year-to-date return of more than 117%. Investors smiled ear-to-ear on Monday after the name was reiterated a ‘Buy’ by Axiom Capital analysts. The broker also raised its price target on the e-commerce giant’s stock to $797 from $727, saying ticker is a core holding in both tech and retail, and given its growing video and music offerings, media investors should take a hard look at Amazon in FY 2016 and consider owning the stock. The good news doesn’t stop there. The Seattle-based firm said that its 21st holiday was a record-breaker. During the third week of December, Amazon reported over 3 million new Prime members join, raising the total membership figure to tens of millions.
At more than $694 a share, Amazon’s current market value stands at about $325 billion.
On valuation measures, Amazon.com Inc. shares are priced at 993.97x this year’s forecasted earnings, compared to the industry’s 11.97x earnings multiple. The company’s current year and next year EPS growth estimates stand at 463.50% and 197.90%, compared to the industry growth rates of 6.60% and 18.20%, respectively.
AMZN has a t-12 price-to-sales ratio of 3.15. EPS for the same period registers at $0.70.