Advanced Micro Devices Inc. (NASDAQ: AMD): Why It’s An Attractive Pick Now

Advanced Micro Devices Inc. (NASDAQ:AMD) price is hovering lower on Monday, April 15, dropping -0.32% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $163.28. The company’s P/E ratio in the trailing 12-month period read 311.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $227.30 and 52-week low of $81.02. The stock subtracted -12.99% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMD a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 12.46. The overview shows that AMD’s price is at present -8.01% off the SMA20 and -10.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 36.17, with weekly volatility standing at 2.81%. The indicator jumps to 4.21% when calculated based on the past 30 days. Advanced Micro Devices Inc. (NASDAQ:AMD)’s beta value is holding at 1.65, while the average true range (ATR) indicator is currently reading 7.69.

An analysis of the Advanced Micro Devices Inc. (NASDAQ:AMD) stock in terms of its daily trading volume indicates that the 3-month average is 77.30 million.

Current records show that the company has 1.62B in outstanding shares. The insiders’ percentage holdings are 1.07% of outstanding shares while the percentage share held by institutions stands at 71.64%. But the 10.41% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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