Advanced Micro Devices Inc. (NASDAQ:AMD) shares, rose in value, with the stock price down by -0.35% to the previous day’s close as strong demand from buyers drove the stock to $151.74.
Actively observing the price movement in the last trading, the stock closed the session at $152.27. The PE ratio was 289.97 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 -15.05% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMD’s technical picture suggests that short-term indicators denote the stock is a Hold 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 11.61, with the price of AMD currently trading nearly -9.11% and -15.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.29, while the 7-day volatility ratio is showing 3.78% which for the 30-day chart, stands at 3.81%. Furthermore, Advanced Micro Devices Inc. (AMD)’s beta value is 1.67, and its average true range (ATR) is 7.23.
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 -0.35% in last session, and over the past year, it grew by 73.28%%.
Data on historical trading for Advanced Micro Devices Inc. (NASDAQ:AMD) indicates that the trading volumes over the past 3 months, they’ve averaged 71.69 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 71.57% of the company’s shares. The stock has risen by 2.94% 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.
