A share price of Advanced Micro Devices Inc. [AMD] is currently trading at $170.50, up 2.01%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMD shares have gain 2.82% over the last week, with a monthly amount drifted -15.91%, and not seem to be holding up well over a long-time horizon.
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On 9, April 2024, AMD Extends Leadership Adaptive SoC Portfolio with New Versal Series Gen 2 Devices Delivering End-to-End Acceleration for AI-Driven Embedded Systems. In a post published today on Yahoo Finance, — First devices in AMD Versal Series Gen 2 portfolio target up to 3x higher TOPs-per-watt with next-gen AI Engines and up to 10x more CPU-based scalar compute than first generation —.
From an analyst’s perspective:
Advanced Micro Devices Inc. [NASDAQ: AMD] stock has seen the most recent analyst activity on March 07, 2024, when DZ Bank downgraded its rating to a Hold but kept the price target unchanged to $200 for it. Previously, Northland Capital upgraded its rating to Outperform on January 31, 2024, and kept the price target unchanged to $195. On January 30, 2024, downgrade downgraded it’s rating to Outperform and revised its price target to $195 on the stock. Susquehanna reiterated its Positive rating and increased its price target to $210 on January 29, 2024. Morgan Stanley reiterated its recommendation of a Overweight and raised its price target to $193 on January 29, 2024. BofA Securities reiterated a Buy rating for this stock on January 29, 2024, and upped its price target to $195. In a note dated January 24, 2024, New Street upgraded an Buy rating on this stock but restated the target price of $215.
Advanced Micro Devices Inc. experienced fluctuations in its stock price throughout the past year between $81.02 and $227.30. Currently, Wall Street analysts expect the stock to reach $151.38 within the next 12 months. Advanced Micro Devices Inc. [NASDAQ: AMD] shares were valued at $170.50 at the most recent close of the market. An investor can expect a potential drop of -11.21% 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 167.72 points at the first support level, and at 164.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.12, and for the 2nd resistance point, it is at 173.73.
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. Also, the Quick Ratio is 1.86, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 12.15, the price to book ratio is 4.93 and price to earnings (TTM) ratio is 325.82.
Transactions by insiders
Recent insider trading involved Papermaster Mark D, Chief Technology Officer & EVP, that happened on Mar 15 ’24 when 16200.0 shares were sold. Chair, President & CEO, Su Lisa T completed a deal on Mar 13 ’24 to sell 0.12 million shares. Meanwhile, SVP WOLIN HARRY A sold 32789.0 shares on Mar 07 ’24.
