Amazon: Cheapest In 10 Years, According To 2 Key Metrics

Summary:

  • Amazon stock is down significantly after earnings and due to the overall market pullback.
  • Earnings contained bright spots that Wall Street overlooked.
  • There are challenges ahead, but two metrics indicate that AMZN stock is significantly undervalued.

Amazon fulfillment center building in Las Vegas

4kodiak/iStock Unreleased via Getty Images

It’s been an exciting couple of weeks in the market. The Nasdaq (QQQ) remains in correction territory (more than 10% off the recent high), despite staging a modest comeback, as shown below.


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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