The Advanced Micro Devices Inc. (NASDAQ:AMD) is going up by 0.66% in today’s trading session, a rise equivalent to 0.27% of the stock’s price from yesterday’s market close. A news came out 2 hours ago stating that AMD Launches World’s First 7nm Professional PC Workstation Graphics Card for 3D Designers, Architects and Engineers by WSJ. The lowest point that the shares touched during the trading session was $38.60, while the peak of the day was recorded at a share price of $39.985. AMD finished the previous session at $39.88 according to the data provided by Barchart, while the trading volume was observed to be $37231978.
In the 100 days of trading, AMD managed to top a 31.96% Moving average. Additionally, Advanced Micro Devices Inc. shares have achieved a 52-week range between 16.03 and 39.99 alongside 100 days raw stochastic set at 96.40%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.11B, equal to the value of $44.17B in market capitalization. In the last 30 days, Advanced Micro Devices Inc. shares went down by -1.16%, adding 40.47 to growth in value, on top of a +29.74% boost since 10/18/19.
Advanced Micro Devices Inc. (NASDAQ:AMD) Analyst’s Estimates
Advanced Micro Devices Inc. (AMD) could record at least $0.30 per share in quarterly earnings in the upcoming report on 01/29/2020, a number that would actually represent an increase of 1.09 YOY.
According to the average analyst rating, Advanced Micro Devices Inc. would be rated as Overweight. Out of 39 different analysts monitoring AMD stock, 14 analysts rate the stock as a BUY, 21 suggest to give the rating of HOLD, 1 indicate that AMD is an OVERWEIGHT, 3 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 18, 2019, the stock earned a Reiterated rating due to a new analyst call from Cowen, while analysts from Loop Capital believe that the stock is set at Buy from Hold, as concluded on October 30, 2019. Rosenblatt, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on October 30, 2019.
Regardless of the rating, Piper Jaffray did increase their price to $33 as they are considering target share price analysis. Loop Capital, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 13, 2019, 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 3.09. Additionally, Advanced Micro Devices Inc. is recording price volatility of 3.02% for the period of the last seven days and 3.00% 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 96.40% 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 95.12%. Stochastic %K for Advanced Micro Devices Inc., with the last 20 days included, was set at 94.83%, having Stochastic %D topping 95.00%. 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 116.03% in metrics.
Advanced Micro Devices Inc. Insider Watch:
Similarly, 67.50% of the company’s float is held by institutions – and there are 836 institutions in total holding shares of this company. The top three institutional holders of AMD stocks are: Vanguard Group, Inc. (The) with ownership of $3.56 billion, which is approximately 122840586 of the company’s shares; Blackrock Inc., holding 77459115 shares of the stock with an approximate value of $2.25 billion; and FMR, LLC, currently with more than 53727783 shares of the company valued at $1.56 billion. Positions in Advanced Micro Devices Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 25 insider purchases amounting to 3331266 shares. Similarly, there were 30 sale transactions amounting to 2784731 shares, with the net shares purchased during the last six months reaching 546,535.