Advanced Micro Devices Inc. (NASDAQ:AMD) traded at $181.42 at close of the session on Tuesday, March 19, made a downward move of -4.84% on its previous day’s price.
Looking at the stock we see that its previous close was $190.65 and the beta (5Y monthly) reads 1.65 . The company has a trailing 12-month PE ratio of 346.68. In terms of its 52-week price range, AMD has a high of $227.30 and a low of $81.02. The company’s stock has gained about 4.34% over that past 30 days.
Advanced Micro Devices Inc. has a market cap of $293.14 billion and is expected to release its quarterly earnings report on Apr 30, 2024 – May 06, 2024.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AMD stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the AMD stock currently stands at 13.89, and the current price level is -4.98% off its SMA20 and 2.88% from its 50-day simple moving average. The RSI (14) is pointing at 45.53 while the volatility over the past week is 4.56% and jumps to 4.47% over the past one month. The beta value is 1.65, while the average true range (ATR) is currently pointing at 9.43.
Coming back to Advanced Micro Devices Inc. (NASDAQ:AMD), we note that the average 3-month trading volume was 75.91 million, while that of the preceding 10-day period stands at 78.8 million. Current shares outstanding are 1.62 billion.
The insiders hold 1.07% of the company’s shares while institutions hold 71.66%. The data shows that short shares as of Feb 29, 2024, stood at 34.38 million at a short ratio of 0.49. This represents a 2.13% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 39.85 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 23.07% up in year-to-date price movement.
