Amazon.com Inc (NASDAQ:AMZN) recently saw a significant daily gain of 10.89% and reported an Earnings Per Share (EPS) of $0.42. The question that arises now is whether the stock is modestly undervalued at its current trading price. Amazon.com Inc, a leading online retailer, is known for its staggering net sales of $386 billion and an estimated physical/digital online gross merchandise volume of $578 billion in 2021.