Advanced Micro Devices Inc (AMD) stock hits $123.75: Is it a good time to buy or wait for a dip?

At the time of writing, Advanced Micro Devices Inc [AMD] stock is trading at $123.75, up 1.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMD shares have gain 6.60% over the last week, with a monthly amount glided 1.93%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Advanced Micro Devices Inc [NASDAQ: AMD] stock has seen the most recent analyst activity on January 16, 2025, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Loop Capital started tracking the stock with Buy rating on January 14, 2025, and set its price target to $175. On January 13, 2025, TD Cowen reiterated its Buy rating and revised its price target to $150 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $129 on January 10, 2025. HSBC Securities downgraded its rating to a Reduce but $110 remained the price target by the analyst firm on January 08, 2025. BofA Securities downgraded its rating to Neutral for this stock on December 09, 2024, and downed its price target to $155. In a note dated October 30, 2024, TD Cowen reiterated an Buy rating on this stock and revised its target price from $210 to $185.

For the past year, the stock price of Advanced Micro Devices Inc fluctuated between $114.41 and $227.30. Currently, Wall Street analysts expect the stock to reach $177.77 within the next 12 months. Advanced Micro Devices Inc [NASDAQ: AMD] shares were valued at $123.75 at the most recent close of the market. An investor can expect a potential return of 43.65% based on the average AMD price forecast.

Analyzing the AMD fundamentals

According to Advanced Micro Devices Inc [NASDAQ:AMD], the company’s sales were 24.30B for trailing twelve months, which represents an 17.57% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.03 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.

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 121.89 points at the first support level, and at 120.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.63, and for the 2nd resistance point, it is at 127.51.

Ratios To Look Out For

It is important to note that Advanced Micro Devices Inc [NASDAQ:AMD] has a current ratio of 2.50. Further, the Quick Ratio stands at 1.78, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 8.27, the price to book ratio is 3.52 and price to earnings (TTM) ratio is 110.70.

Transactions by insiders

Recent insider trading involved Su Lisa T, Chair, President & CEO, that happened on Dec 04 ’24 when 76496.0 shares were sold. Director, LISA SU completed a deal on Dec 04 ’24 to buy 76496.0 shares. Meanwhile, Chair, President & CEO Su Lisa T sold 80000.0 shares on Nov 06 ’24.

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