Amazon a Growth Stock?
Looking for a stock with fast growth? Look no further than Amazon.com, Inc. (NASDAQ:AMZN).
In the past three years, Amazon.com has launched its share price with a three-year sales growth rate of 26% and a three-year earnings growth rate of 31%. The projected earnings growth this year is a hefty 22.5%. One key stat for Amazon is that the company has had earnings surprises 4 of the last 5 quarters with only June 2010 disappointing investors. Given the holiday season is upon us and so many of us are shopping online now, logic would stand that Amazon.com may indeed surprise again. The current projected earnings per share is $0.88, which is down from 90 days ago when analysts were expecting bigger things from the company and the earnings per share was projected for $0.99.
Currently 19 of 34 analysts recommend Amazon.com as a strong buy, and 11 of them rate it a hold. Amazon.com shares hit a fresh 52-week high today, closing at $183.29, up 3.2% from previous close. The first support level for Amazon.com is $168.46 (50-day moving average) and the second support is $140.61 (200-day moving average).
Over the past 12 months Amazon.com shares have traded between a 52-week low of $105.80 and its 52-week high of $181.84. Amazon shares are now trading with a P/E Ratio of 71.8 and EPS of 2.47. The company’s current market cap is $82.27B and its shares have moved up 42.3% from its 52-week low.