Amazon’s stock just reached another all-time high Wednesday, surpassing its previous high of $731.50 set in early June. Shortly after the opening the e-commerce giant’s share price traded above $736, blowing by Facebook (FB) in market cap by over $17 billion.
Earnings and Growth
Amazon (AMZN) shares are currently priced at 302.58x this year’s forecasted earnings, which makes them expensive compared to the industry’s 19.67x earnings multiple. The company’s current year and next year EPS growth estimates stand at 331.20% and 83.90%, compared to the industry growth rates of 7.70% and 17.30%, respectively. These numbers are supported by cash flow growth of 53% and projected sales growth of 25%. AMZN currently has a t-12 price/sales ratio of 3.03. EPS for the same period registers at $2.43.
Amazon’s shares have advanced 0.35% in the last 4 weeks, and 24.22% in the past three months. Over the past 5 trading sessions the stock has gained 5.31%. After today’s gains, the Palo Alto, CA-based company is just below the average Wall Street analyst price target of $800.
AMZN is up 66.98% year-over-year, and 7.72% year-to-date.