Advanced Micro Devices Inc. (NASDAQ:AMD) shares, rose in value, with the stock price down by -8.26% to the previous day’s close as strong demand from buyers drove the stock to $165.83.
Actively observing the price movement in the last trading, the stock closed the session at $180.77. The value of beta (5-year monthly) was 1.65 whereas the PE ratio was 316.89 over 12-month period. Referring to stock’s 52-week performance, its high was $227.30, and the low was $81.02. On the whole, AMD has fluctuated by -19.16% over the past month.
With the market capitalization of Advanced Micro Devices Inc. currently standing at about $267.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.6, which is expected to increase to $0.84 for fiscal year $3.62 and then to about $5.47 by fiscal year 2025. Data indicates that the EPS growth is expected to be 47.20% in 2025, while the next year’s EPS growth is forecast to be 51.10%.
Analysts have estimated the company’s revenue for the quarter at $5.43 billion, with a low estimate of $5.39 billion and a high estimate of $5.7 billion. According to the average forecast, sales growth in current quarter could jump up 1.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $25.8 billion, representing an increase of 22.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AMD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 12.69, with the price of AMD currently trading nearly -12.10% and -8.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.19, while the 7-day volatility ratio is showing 4.69% which for the 30-day chart, stands at 4.67%. Furthermore, Advanced Micro Devices Inc. (AMD)’s beta value is 1.64, and its average true range (ATR) is 8.91.
A comparison of Advanced Micro Devices Inc. (AMD) with its peers suggests the former has fared considerably weaker in the market. AMD showed an intraday change of -8.26% in last session, and over the past year, it grew by 71.74%%.
Data on historical trading for Advanced Micro Devices Inc. (NASDAQ:AMD) indicates that the trading volumes over the past 10 days have averaged 65.12 million and over the past 3 months, they’ve averaged 77.67 million. According to company’s latest data on outstanding shares, there are 1.62 billion shares outstanding.
Nearly 1.07% of Advanced Micro Devices Inc.’s shares belong to company insiders and institutional investors own 71.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.54 million shares as on Mar 15, 2024, resulting in a short ratio of 0.53. According to the data, the short interest in Advanced Micro Devices Inc. (AMD) stood at 2.39% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 38.53 million. The stock has risen by 12.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMD stock heading into the next quarter.
