Believe it or not, but the pandemic has led to a remarkable increase in online shopping. Amazon’s stock has skyrocketed on more than one occasion but, why did that happen? Well, people have had to almost entirely move away from shopping offline and buy everything online.
This isn’t just about those who used to shop online but even those who had resisted the shift to online shopping so far. Even during the pandemic, Amazon reported a net profit of $5.2 billion (year on year) Vs $2.6 billion at the time in 2019.
Over the past two decades, Amazon has been at the forefront of delivering the best user experience & customer service. That, however, isn’t the only reason people want to buy the Amazon stock. They’ve diversified beyond e-commerce as well. With the launch of Amazon Web Services (AWS) in 2006, Amazon established itself as a tech & e-commerce giant. AWS has been the leading cloud services provider and the likes of Microsoft are still playing catchup with their cloud service, Microsoft Azure.
So, should you invest in Amazon stocks? We’ll walk you through all the important details about the AMZN stock so that you can invest based on facts.
Amazon Stock Information At A Glance (AMZN)
Stock Name: Amazon.com, Inc. (AMZN)
Amazon Stock Price Today: $3,041*
Market Cap: $1.528 Trillion
Beta: 1.30 (Risky)
P/E Ratio: 89.02 (High)
52 Week Low: $1,626
52 Week High: $3,552
Historical Performance Of Amazon Stock (AMZN)
Historical Amazon stock prices indicate that both the stock & the company have grown in value consistently over the past decade and a half. This is in line with Amazon’s reported a Net sales of $96.15 billion for Q3 in 2020. The numbers represent a 37.4% increase from $69.98 billion compared to Q3 in 2019.
Amazon Expansion And New Products
Amazon is launching a grocery store of its own.
Haven, Amazon’s slow but steady pathway into healthcare.
The new and improved Fire TV Stick Lite.
Expansion of Ring Home Security devices.
Amazon is taking its hardware capabilities seriously by launching several new products. It has also made improvements to Ring products, a home security system and smart home company that Amazon owns.
7 Benefits Of Buying The Amazon Stock (AMZN)
Increasing revenue from Amazon Web Services.
The growth of the e-commerce industry.
Amazon’s exceptional ability to retain customers.
Increase in Amazon Prime subscriptions.
Amazon delivers groceries, an essential during the pandemic.
Positive revenue trends.
Ever growing user base.
Note: Historical performance does not guarantee future success. Please consult a Cube Wealth Coach or enroll for our US Advisory Service, before investing your hard-earned money into any stocks.
Note: The above mentioned facts & figures are from publicly available data on Google. 1 AMZN share in 2009: $54; 2021: $3,294. USD to INR: 2009: ₹48; 2021: ₹73.
If you’re a DIY investor looking to diversify your portfolio with US stock investments, you can start investing with a low amount on the Cube Wealth app. To try, start with as little as $1
What’s more? You can simply invest in any US stock by clicking on the "Buy US Stocks On Your Own" option.
But before you buy any international stock, it is important to know whether the stock or the investment itself is suitable for your needs or portfolio. You can have a conversation with a Cube Wealth Coach to know whether US stocks can help your portfolio.
Should You Buy Amazon Stock (AMZN)?
Historical trends suggest that the Amazon stock can deliver potentially high returns over 5+ years. Amazon’s increasing International presence and growth seems promising as well.
But whether or not you should invest in an Amazon stock depends on factors such as your risk appetite, investment goals, financial health, and more.
*Note: All facts & figures are as of 11-11-2020. While we update our blogs regularly, check out the Cube Wealth app for detailed facts & figures.
Here's a video on how to buy US stocks on your own using the Cube Wealth app
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.
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