Amazon's (NASDAQ: AMZN) market cap is down 45% from its all-time high to $1.05 trillion. In the wake of that deep price slide, Amazon shares are trading hands at a price-to-sales ratio of just over 2. Its pressured valuation makes sense, given that Amazon, like every other business, is dealing with a troubled macroeconomic environment. Read More...
Amazon’s (NASDAQ: AMZN) market cap is down 45% from its all-time high to $1.05 trillion. In the wake of that deep price slide, Amazon shares are trading hands at a price-to-sales ratio of just over 2. Its pressured valuation makes sense, given that Amazon, like every other business, is dealing with a troubled macroeconomic environment.
