Advanced Micro Devices Inc. (AMD) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Advanced Micro Devices Inc. (NASDAQ: AMD) is above average at 187.91x, Company’s 36-month beta value is 1.69.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 15 as “hold,” and 4 as “sell.”

The public float for AMD is 1.61B, and currently, short sellers hold a 3.12% ratio of that floaft. The average trading volume of AMD on September 23, 2024 was 49.40M shares.

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AMD) stock’s latest price update

The stock price of Advanced Micro Devices Inc. (NASDAQ: AMD) has plunged by -0.50 when compared to previous closing price of 156.74, but the company has seen a 2.39% gain in its stock price over the last five trading sessions. finbold.com reported 2024-09-22 that Advanced Micro Devices (NASDAQ: AMD) ranks among the key artificial intelligence (AI) stocks that have attracted interest in recent months while also facing competition from other players in the sector with the potential to offer profits for investors.

AMD’s Market Performance

AMD’s stock has risen by 2.39% in the past week, with a monthly drop of -1.18% and a quarterly drop of -3.27%. The volatility ratio for the week is 3.27% while the volatility levels for the last 30 days are 3.84% for Advanced Micro Devices Inc. The simple moving average for the last 20 days is 6.05% for AMD stock, with a simple moving average of -2.45% for the last 200 days.

Analysts’ Opinion of AMD

TD Cowen, on the other hand, stated in their research note that they expect to see AMD reach a price target of $210. The rating they have provided for AMD stocks is “Buy” according to the report published on August 19th, 2024.

TD Cowen gave a rating of “Buy” to AMD, setting the target price at $210 in the report published on July 15th of the current year.

AMD Trading at 5.41% 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 -31.39% of loss for the given period.

Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +2.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.28% lower at present.

During the last 5 trading sessions, AMD rose by +2.39%, which changed the moving average for the period of 200-days by +31.53% in comparison to the 20-day moving average, which settled at $147.26. In addition, Advanced Micro Devices Inc. saw 5.79% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AMD starting from Su Lisa T, who sale 80,000 shares at the price of $144.72 back on Sep 11 ’24. After this action, Su Lisa T now owns 3,566,762 shares of Advanced Micro Devices Inc., valued at $11,577,327 using the latest closing price.

LISA SU, the Director of Advanced Micro Devices Inc., proposed sale 80,000 shares at $142.84 during a trade that took place back on Sep 11 ’24, which means that LISA SU is holding shares at $11,427,200 based on the most recent closing price.

Stock Fundamentals for AMD

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.51 for the gross margin

The net margin for Advanced Micro Devices Inc. stands at 0.06. The total capital return value is set at 0.01. Equity return is now at value 2.42, with 1.99 for asset returns.

Based on Advanced Micro Devices Inc. (AMD), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 11.17.

Currently, EBITDA for the company is 3.85 billion with net debt to EBITDA at -0.42. When we switch over and look at the enterprise to sales, we see a ratio of 10.77. The receivables turnover for the company is 4.03for 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 2.82.

Conclusion

In a nutshell, Advanced Micro Devices Inc. (AMD) has experienced a mixed performance in recent times. The stock has received mixed “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.

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