At the time of writing, Advanced Micro Devices Inc. [AMD] stock is trading at $178.00, up 1.13%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMD shares have gain 7.43% over the last week, with a monthly amount glided 0.42%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, AMD to Present at the Morgan Stanley Technology, Media and Telecom Conference. In a post published today on Yahoo Finance, Today, AMD (NASDAQ: AMD) announced that Jean Hu, AMD executive vice president, chief financial officer and treasurer, will present at the Morgan Stanley Technology, Media and Telecom Conference on Tuesday, March 5 at 8:00 AM PST/11:00 AM EST.
From an analyst’s perspective:
Advanced Micro Devices Inc. [NASDAQ: AMD] stock has seen the most recent analyst activity on January 31, 2024, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $195 for it. Previously, Raymond James downgraded its rating to Outperform on January 30, 2024, and elevated its price target to $195. On January 29, 2024, Susquehanna reiterated its Positive rating and revised its price target to $210 on the stock. Morgan Stanley reiterated its Overweight rating and increased its price target to $193 on January 29, 2024. BofA Securities reiterated its recommendation of a Buy and raised its price target to $195 on January 29, 2024. New Street upgraded its rating to Buy for this stock on January 24, 2024, but kept the price target unchanged to $215. In a note dated January 23, 2024, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $190 on this stock.
For the past year, the stock price of Advanced Micro Devices Inc. fluctuated between $76.65 and $184.92. Currently, Wall Street analysts expect the stock to reach $140.52 within the next 12 months. Advanced Micro Devices Inc. [NASDAQ: AMD] shares were valued at $178.00 at the most recent close of the market. An investor can expect a potential drop of -21.06% based on the average AMD price forecast.
Analyzing the AMD fundamentals
According to Advanced Micro Devices Inc. [NASDAQ:AMD], the company’s sales were 22.68B for trailing twelve months, which represents an 10.16% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 174.17 points at the first support level, and at 170.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.14, and for the 2nd resistance point, it is at 182.29.
Advanced Micro Devices Inc. [AMD] reported earnings per share of $0.77 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.77/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.7 per share as compared to estimates of $0.68 per share, a difference of $0.02 representing a surprise of 2.90%.
Ratios To Look Out For
It is important to note that Advanced Micro Devices Inc. [NASDAQ:AMD] has a current ratio of 2.51. As well, the Quick Ratio is 1.86, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 12.68, the price to book ratio is 5.15 and price to earnings (TTM) ratio is 340.15.
Transactions by insiders
Recent insider trading involved Su Lisa T, Chair, President & CEO, that happened on Feb 21 when 0.12 million shares were sold. Chief Technology Officer & EVP, Papermaster Mark D completed a deal on Feb 15 to sell 16200.0 shares. Meanwhile, EVP Strategic Partnerships GRASBY PAUL DARREN sold 40289.0 shares on Feb 05.
