A share price of Advanced Micro Devices Inc. [AMD] is currently trading at $164.31, up 4.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMD shares have gain 2.53% over the last week, with a monthly amount drifted -1.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Advanced Micro Devices Inc. [NASDAQ: AMD] stock has seen the most recent analyst activity on June 10, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $176 for it. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $190. On May 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $190 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $200 on April 18, 2024. HSBC Securities upgraded its rating to a Buy and raised its price target to $225 on April 16, 2024. Evercore ISI started tracking with a Outperform rating for this stock on April 16, 2024, and assigned it a price target of $200. In a note dated March 07, 2024, DZ Bank downgraded an Hold rating on this stock but restated the target price of $200.
Advanced Micro Devices Inc. experienced fluctuations in its stock price throughout the past year between $93.11 and $227.30. Currently, Wall Street analysts expect the stock to reach $162.25 within the next 12 months. Advanced Micro Devices Inc. [NASDAQ: AMD] shares were valued at $164.31 at the most recent close of the market. An investor can expect a potential drop of -1.25% based on the average AMD price forecast.
Analyzing the AMD fundamentals
Trailing Twelve Months sales for Advanced Micro Devices Inc. [NASDAQ:AMD] were 22.80B which represents 2.24% growth. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.02 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 159.15 points at the first support level, and at 153.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 167.03, and for the 2nd resistance point, it is at 169.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Advanced Micro Devices Inc. [NASDAQ:AMD] is 2.64. In addition, the Quick Ratio stands at 1.92 and the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 11.65, the price to book ratio is 4.73 and price to earnings (TTM) ratio is 240.01.
Transactions by insiders
Recent insider trading involved Papermaster Mark D, Chief Technology Officer & EVP, that happened on Jun 14 ’24 when 16200.0 shares were sold. EVP, CFO and Treasurer, Hu Jean X. completed a deal on Jun 10 ’24 to sell 20000.0 shares. Meanwhile, Chair, President & CEO Su Lisa T sold 0.14 million shares on Jun 05 ’24.
