A share price of Advanced Micro Devices Inc. [AMD] is currently trading at $205.36, up 1.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMD shares have gain 16.68% over the last week, with a monthly amount glided 20.46%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, AMD Hires Thomas Zacharia to Expand Strategic AI Relationships. In a post published today on Yahoo Finance, Former head of Oak Ridge National Laboratory to accelerate adoption of AMD technologies for sovereign AI deployments benefiting citizens around the world.
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.
Advanced Micro Devices Inc. experienced fluctuations in its stock price throughout the past year between $76.65 and $202.72. 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 $205.36 at the most recent close of the market. An investor can expect a potential drop of -31.57% based on the average AMD price forecast.
Analyzing the AMD fundamentals
Trailing Twelve Months sales for Advanced Micro Devices Inc. [NASDAQ:AMD] were 22.68B which represents 10.16% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 202.24 points at the first support level, and at 199.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 209.75, and for the 2nd resistance point, it is at 214.13.
Advanced Micro Devices Inc. [AMD] reported earnings per share of $0.71 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 $0.71/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
To put it in perspective, the Current Ratio for Advanced Micro Devices Inc. [NASDAQ:AMD] is 2.51. On the other hand, the Quick Ratio is 1.86, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 14.63, the price to book ratio is 5.94 and price to earnings (TTM) ratio is 392.43.
Transactions by insiders
Recent insider trading involved SMITH DARLA M, Chief Accounting Officer, that happened on Feb 29 when 1678.0 shares were sold. Chair, President & CEO, Su Lisa T completed a deal on Feb 21 to sell 0.12 million shares. Meanwhile, Chief Technology Officer & EVP Papermaster Mark D sold 16200.0 shares on Feb 15.
