Amazon Stocks history: 2018 stats

Amazon Stocks history

Amazon, NASDAQ: AMZN, have had an amazing performance in 2018. The eCommerce giant saw a significant increase in its shares in August, according to a report by S&P Global. Amazon’s fascinating performance can be pointed to its impressive revenue in the second quarter.

In the second quarter, the company saw its revenue increase by 39 percent to about $53 billion. It also enjoyed a huge increase in its net income to about $2.5 billion. In terms of shares, it reported a 1,168 percent increase to about $6 dollars per share exceeding Wall Street’s prediction of $2.5 per share.

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However, in third quarter, Amazon’s impressive performance suffered a setback. The company’s shares fell by 7 percent, with about 5 percent lost in September alone, signalling an all-time low since November 2016. However, experts and prognostics have predicted the company to bounce back soon. “The trend is still higher and intact. Amazon still ranks very highly in our momentum work,” Ari Wald, head of technical analysis at Oppenheimer.

Amazon stocks in 2018

The company, as of October 2018, had one of the largest price to earnings ratio among the FAANG stocks sitting second on their rankings with a value of $138. Some analysts and prognostics have suggested that Amazon’s share will worth more than $6000 in upcoming years. Amazon’s revenue is expected to grow at an annual rate of over 25 percent, however,there is no guarantee that a company will maintain its growth rate for several years. However, some analysts argued that amazon is too “pricey” and this might negatively impact the company leading to a drop in stock value.

amazon stocks history 2018

As we move in to 2019, amazon shares seem like the best buy for potential investors. It currently boasts of one of the world’s best chief operating officer, Jeff Bezos, one of the world’s richest men, who is also the founder of the company. Furthermore, Amazon has kept itself on the positive side of the graph with increased addition of new products and acquisitions. It continues announce new partnership and expand its capability.

Amazon in cloud computing

The company poses as one of the world’s largest online retailer and its market capitalization is about $870 billion.  Its AWS sector currently dominates the clouding computing sector and it contributes a large fortune to the company. Amazon is currently investing in tech. devices such as drones, with a service name of Amazon prime air, although still in its testing phase.

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Harish is the editor at howto Finance. Here we publish high quality trending news topics on Business, Finance, Loans and Credit-Cards etc. Our editorial includes worldwide topics.

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