1 Metric Indicates Amazon Stock Is a Sleeping Giant
Amazon (NASDAQ: AMZN) has been one of the best stocks over the past decade, turning every $10,000 invested into nearly $80,000. And before the stock's decline in 2022, that investment was worth nearly $150,000.
So what happened? Well, investors got worried about Amazon's over-expansion and its transition from a cash-generating company back to one that incinerates it. This is a valid concern, but one metric indicates that Amazon's stock could be a sleeping giant, just waiting to explode higher.
Amazon, the world's largest e-commerce company, enjoyed a massive business boost during the pandemic when consumers looked online to get their everyday goods instead of venturing out to a store. To deliver, Amazon stood up multiple warehouses and significantly expanded its personnel to handle the load.
Source Fool.com
