The Advanced Micro Devices, Inc. (NASDAQ:AMD) is going up by 2.32% in today’s trading session, a rise equivalent to 0.69% of the stock’s price from yesterday’s market close. A news came out on 09/05/19 stating that AMD to Present at the Deutsche Bank Technology Conference by WSJ. The lowest point that the shares touched during the trading session was $29.51, while the peak of the day was recorded at a share price of $30.43. AMD finished the previous session at $29.76 according to the data provided by Barchart, while the trading volume was observed to be $34,787,847.
In the 100 days of trading, AMD managed to top a 30.26% Moving average. Additionally, Advanced Micro Devices, Inc. shares have achieved a 52-week range between 16.03 and 35.55 alongside 100 days raw stochastic set at 45.17%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.12B, equal to the value of $33.30B in market capitalization. In the last 30 days, Advanced Micro Devices, Inc. shares went down by -8.48%, adding 33.14 to growth in value, on top of a +3.83% boost since 08/12/19.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Analyst’s Estimates
Advanced Micro Devices, Inc. (AMD) could record at least $0.18 per share in quarterly earnings in the upcoming report on 10/18/2019, a number that would actually represent an increase of 68.84% YOY.
According to the average analyst rating, Advanced Micro Devices, Inc. would be rated as Hold. Out of 37 different analysts monitoring AMD stock, 12 analysts rate the stock as a BUY, 20 suggest to give the rating of HOLD, 1 indicate that AMD is an OVERWEIGHT, 3 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On Aug-19-19, the stock earned a Initiated rating due to a new analyst call from Piper Jaffray, while analysts from Loop Capital believe that the stock is set at Hold, as concluded on Aug-13-19. RBC Capital Mkts, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Aug-12-19.
Regardless of the rating, Cowen did increase their price from $40 to $42 as they are considering target share price analysis. The Benchmark Company, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Aug-01-19, giving the stock a Hold rating.
AMD Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +37.79% has been attained, while the operating margin has been recorded at +7.04%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 8.33%. Beta value of the stock is recorded at 2.99. Additionally, Advanced Micro Devices, Inc. is recording price volatility of 2.93% for the period of the last seven days and 3.51% in the last 30 days.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Technical Outlook
For the period of the last 50 days, Advanced Micro Devices, Inc. had its Raw Stochastic average set at 33.92% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 37.58%. Stochastic %K for Advanced Micro Devices, Inc., with the last 20 days included, was set at 27.33%, having Stochastic %D topping 24.56%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Advanced Micro Devices, Inc. stocks with recording 61.21% in metrics.
Advanced Micro Devices, Inc. Insider Watch:
As far as the position of shares issued by Advanced Micro Devices, Inc. (NASDAQ:AMD) for the period concluded at the market close of 09/11/19, 396 institutional investors increased their positions in AMD shares by 113,877,779, 312 decreased positions by 54,352,441 and 77 institutional investors decided to hold positions at 565,936,701. These numbers put the complete list of institutional holdings set at 734,166,921 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 122 institutional investments with 11,498,692 new shares in addition to having 96 institutional investors selling their positions in 12,767,640 shares.