Advanced Micro Devices Inc. (NASDAQ: AMD)’s stock price has gone rise by 1.04 in comparison to its previous close of 138.32, however, the company has experienced a -7.80% decrease in its stock price over the last five trading days. zacks.com reported 2024-07-26 that Advanced Micro (AMD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Is It Worth Investing in Advanced Micro Devices Inc. (NASDAQ: AMD) Right Now?
The price-to-earnings ratio for Advanced Micro Devices Inc. (NASDAQ: AMD) is 204.15x, which is above its average ratio. Moreover, the 36-month beta value for AMD is 1.70. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 15 as “hold,” and 4 as “sell.”
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The public float for AMD is 1.61B and currently, short sellers hold a 2.87% of that float. On July 26, 2024, AMD’s average trading volume was 51.44M shares.
AMD’s Market Performance
AMD stock saw a decrease of -7.80% in the past week, with a monthly decline of -11.28% and a quarterly a decrease of -9.10%. The volatility ratio for the week is 4.08%, and the volatility levels for the last 30 days are 4.23% for Advanced Micro Devices Inc. (AMD). The simple moving average for the last 20 days is -15.29% for AMD’s stock, with a simple moving average of -8.90% for the last 200 days.
Analysts’ Opinion of AMD
Many brokerage firms have already submitted their reports for AMD stocks, with TD Cowen repeating the rating for AMD by listing it as a “Buy.” The predicted price for AMD in the upcoming period, according to TD Cowen is $210 based on the research report published on July 15, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see AMD reach a price target of $176. The rating they have provided for AMD stocks is “Equal-Weight” according to the report published on June 10th, 2024.
Jefferies gave a rating of “Buy” to AMD, setting the target price at $190 in the report published on May 13th of the current year.
AMD Trading at -14.47% from the 50-Day Moving Average
After a stumble in the market that brought AMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.51% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares sank -12.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.83% lower at present.
During the last 5 trading sessions, AMD fell by -7.88%, which changed the moving average for the period of 200-days by +30.54% in comparison to the 20-day moving average, which settled at $164.00. In addition, Advanced Micro Devices Inc. saw -5.19% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMD starting from Papermaster Mark D, who sale 16,756 shares at the price of $184.50 back on Jul 15 ’24. After this action, Papermaster Mark D now owns 1,546,227 shares of Advanced Micro Devices Inc., valued at $3,091,482 using the latest closing price.
Papermaster Mark D, the Chief Technology Officer & EVP of Advanced Micro Devices Inc., sale 16,200 shares at $158.94 during a trade that took place back on Jun 14 ’24, which means that Papermaster Mark D is holding 1,546,227 shares at $2,574,853 based on the most recent closing price.
Stock Fundamentals for AMD
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.47 for the gross margin
The net margin for Advanced Micro Devices Inc. stands at 0.05. The total capital return value is set at 0.01. Equity return is now at value 2.01, with 1.65 for asset returns.
Based on Advanced Micro Devices Inc. (AMD), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 5.49.
Currently, EBITDA for the company is 4.15 billion with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 9.81. The receivables turnover for the company is 4.5for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.64.
Conclusion
To wrap up, the performance of Advanced Micro Devices Inc. (AMD) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
