The share price of Amazon is $ 2853 and the market capitalization is $ 1.48 trillion
Market Cap 1.115T PE Ratio (TTM) 51.20 EPS (TTM) 2.14 Earnings Date 27/04/22- 02/05/2022 52 Week Range 101.26 - 188.65 Avg. Volume 88,815,709
Announcing a stock split may give the company the current stock price broke more than the $ 3,000 share price.
Split can make stocks look more attractive to new stock buyers that maintain a strong momentum.
Amazon (AMZN) also announced that its board had authorized Amazon to buy back shares up to $ 10 billion.
The Board of Directors of Amazon (AMZN) has approved a 20-for-1 split. The company has split the stock only four times in its history, with the last split occurring in 1999.
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In the first quarter Amazon has decreased in its both operating cash flow and operating income where its share value has lost more than 30%.
Currently market is trading with 109.56 with 2.4 times trailing 12-month revenue as dramatically lower than its peers.
As per the financial statement AWS revenue jumped 37% to $18.20 billion
Amazon has started trading 20-for-1 split on adjusted basis as on 6th june.