Back on April 30, the Amazon.com, Inc. (NASDAQ:AMZN) stock had hit a historic high of $3554 a share but the situation has been a bit different in May.
The stock has tanked by as much as 10% this month and that happened despite the fact that Amazon managed to surpass expectations with regards to its revenues as well as earnings. That being said, it might have also been a case of correction after the Amazon stock soared at a remarkable clip for most of the year.
However, investors need to keep in mind that over the course of the previous four quarters, the company has performed impressively and surpassed earnings expectations every time. On top of that, Amazon’s fundamentals are strong as well. Income, revenues, and cash flow have all been higher than the consensus estimate consistently as well. In this sort of situation, it might be a good idea for investors to consider the Amazon stock if it shows any more weakness.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.