Advanced Micro Devices Inc. (AMD): An Important Analyst Insights

Advanced Micro Devices Inc. (NASDAQ:AMD) price on Wednesday, July 10, rose 3.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $183.96.

A look at the stock’s price movement, the close in the last trading session was $177.10. The PE ratio in trailing twelve months stood at 268.71. Turning to its 52-week performance, $227.30 and $93.11 were the 52-week high and 52-week low respectively. Overall, AMD moved 9.58% over the past month.

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Advanced Micro Devices Inc.’s market cap currently stands at around $297.34 billion.

Turning to the stock’s technical picture we see that short term indicators suggest on average that AMD is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

The technical evaluation for the stock shows the PEG ratio is 8.10, with AMD’s current price about 13.26% and 14.37% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.08, while 7-day volatility ratio is 3.73% and 3.62% in the 30-day chart. Further, Advanced Micro Devices Inc. (AMD) has a beta value of 1.68, and an average true range (ATR) of 6.64.

If we refocus on Advanced Micro Devices Inc. (NASDAQ:AMD), historical trading data shows that trading volumes averaged 51.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.62 billion shares.

The 0.56% of Advanced Micro Devices Inc.’s shares are in the hands of company insiders while institutional holders own 70.55% of the company’s shares. Current price change has pushed the stock 24.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMD stock continues to rise going into the next quarter.

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