The stock price of Amazon’s P/E ratio stands at 62, slightly elevated versus industry average, but justified by growth prospects in Prime subscription revenue, which rose 13% year-over-year. However, the best could be yet to come. As interest rates (hopefully) fall over the next few years, it should become a far better environment to expand. Management sees a $100 billion investable universe of properties in categories EPR could pursue, and this is a market that is likely to get even larger over time. The NTSB, DOT, Amazon and Tolleson police did not immediately respond to a request for comment from FOX Business. Technical charts indicate that the stock price of Amazon is building a base pattern, often a precursor to breakout moves. Volume spikes in pre-market trading strengthen this technical picture.
