Advanced Micro Devices Inc. (NASDAQ:AMD) does about 73.34M shares in volume on a normal day but saw 71618200 shares change hands in Friday trading. The company now has a market cap of 236.99B USD. Its current market price is $146.64, marking a decrease of -5.44% compared to the previous close of $155.08. The 52 week high reached by this stock is $227.30 whilst the lowest price level in 52 weeks is $81.02.
Advanced Micro Devices Inc. (AMD) has a 20-day trading average at $169.82 and the current price is -35.49% off the 52-week high compared with 80.99% distance from its 52-week low. The 50-day simple moving average of the closing price is $179.39 and its 200-day simple moving average is $135.99. If we look at the stock’s price movements over the week, volatility stands at 4.33%, which decreases to 4.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.91 to suggest the stock is oversold.
The consensus objective for the share price is $201.42, suggesting that the stock has a potential upside of 27.2% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 18, 2024 when TD Cowen reiterated the stock to “Buy” and issued a price target of between $185 and $200. HSBC Securities upgraded the stock to “Buy” from Hold on April 16, 2024 at a price target of $180-$225. Evercore ISI initiated its price target at $200.
Advanced Micro Devices Inc. (AMD) stock is down -10.19% over the week and -18.41% over the past month. Its price is -0.52% year-to-date and 63.04% over the past year.
AMD’s earnings per share are forecast to grow by 37.00% this year and 51.80% over next year. Expected sales for next quarter are $5.7 billion, which analysts say will come at $25.81 billion for the current fiscal year and next year at $32.6 billion. In addition, estimates put the company’s current quarterly revenue at an average of $5.46 billion.
To reach the target analysts have set, the stock logically needs to grow 27.2 percent from here.
The company has a return on investment of 1.47% and return on equity of 1.54%. The price to earnings ratio (P/E ratio) amounts to 280.22 while the forward price to earnings ratio is 26.53. The beta has a value of 1.68. Price to book ratio is 4.24 and price to sales ratio is 10.45.
