Currently, Advanced Micro Devices Inc. [AMD] is trading at $170.97, up 0.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMD shares have gain 4.20% over the last week, with a monthly amount glided 27.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Buy rating on August 19, 2024, and kept the price target unchanged to $210. On July 15, 2024, TD Cowen reiterated its Buy rating and revised its price target to $210 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $176 on June 10, 2024. Jefferies initiated its recommendation with a Buy and recommended $190 as its price target on May 13, 2024. DZ Bank upgraded its rating to Buy for this stock on May 07, 2024, but kept the price target unchanged to $190. In a note dated April 18, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $185 to $200.
This stock has fluctuated between a low of $93.11 and a high of $227.30 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $169.67 within the next 12 months. Advanced Micro Devices Inc. [NASDAQ: AMD] shares were valued at $170.97 at the most recent close of the market. An investor can expect a potential drop of -0.76% based on the average AMD price forecast.
Analyzing the AMD fundamentals
Trailing Twelve Months sales for Advanced Micro Devices Inc. [NASDAQ:AMD] were 23.28B which represents 8.88% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.06%. 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 0.03.
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 168.65 points at the first support level, and at 166.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.85, and for the 2nd resistance point, it is at 174.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Advanced Micro Devices Inc. [NASDAQ:AMD] is 2.82. On the other hand, the Quick Ratio is 2.01, and the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 11.89, the price to book ratio is 4.89 and price to earnings (TTM) ratio is 206.01.
Transactions by insiders
Recent insider trading involved Su Lisa T, Chair, President & CEO, that happened on Sep 11 ’24 when 80000.0 shares were sold. Director, LISA SU completed a deal on Sep 11 ’24 to buy 80000.0 shares. Meanwhile, Chair, President & CEO Su Lisa T sold 80000.0 shares on Aug 20 ’24.
