Why Are Competitors Worried From The Rising Popularity Of NASDAQ AMZN?

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Amazon, Inc is the company selling its shares under the symbol NASDAQ: AMZN at https://www.webull.com/quote/nasdaq-amzn. It offers a wide range of services and products through the website amazon.com. The company sells merchandise and some content that is purchased from vendors and sold on their website. There are third-party sellers also available on the site. The company also manufactures some of its own electronic devices and sells it on the website. Some of the include amazon echo (speakers), amazon fire tv stick, and many more.

There are three segments through which the company operates. These are North America, Amazon Web Services, and International. AWS production includes Amazon EMR. Analytics, Amazon CloudSearch, Amazon Athena, Amazon Kinesis, Amazon Elasticsearch Service, Amazon Managed Streaming only for Apache Kafka, Amazon Quick Sight, Amazon RedShift, AWS Data Pipeline, AWS Lake Formation, and AWS Glue. AWS solutions include machine learning, data lakes, analytics, Internet of Things, containers, serverless computing, storage, and enterprise applications. Further, the company provides services like advertising.

Amazon Prime is a membership provided by the company that provides the prime members access to amazon prime video, a subsidiary of Amazon, which provides you the latest movies and tv series and some amazon original movies and series which you would find nowhere else. Apart from this, Prime members have additional benefits like free shipping and lesser prices occasionally on some products.

AMZN Stock Details

In the long term, Amazon has been working amazingly well. The stock has risen from nowhere to the top. The midterm analysis is good too. The share price is rising.

As of August 2020, the stock has a 52-week high price of 3,344.29, and the 52-week low price of the stock is 1,626.03. The average volume for the stock is 4,590,644. The EPS for the stock is 26.04, and the PE ratio is 120.91.

According to the analysis by 50 expert analysts, one can think of buying this stock. In other words, this would be the correct time to buy the stock. 56% of the analysts believe this. Among the rest, 34% believe that an investor should strongly buy this stock. Only 8% suggest to hold on the stock, and 2% suggests that the stock is currently underperforming.

Amazon is slowly becoming a monopoly in the market. People are constantly shifting from other platforms to the platform. Not only in the online market but in the online movie industry also. Amazon prime video has been presenting some of the most discussed shows and movies. Amazon originals are too earning awards. The popularity of Amazon is a matter of concern for other online markets like Flipkart and Alibaba. Also, Netflix is worried about the rising popularity of the Amazon Originals. You can start investing online after checking the stock news.

 Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

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