Advanced Micro Devices Inc. (NASDAQ:AMD) saw a downside of -3.06% to close Tuesday at $113.23 after subtracting -$3.58 on the day. The 5-day average trading volume is 93,469,922 shares of the company’s common stock. It has gained $119.50 in the past week and touched a new high 1 time within the past 5 days. An average of 71,825,984 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 70,587,453.
AMD’s 1-month performance is -0.31% or $0.06 on its low of $107.38 reached on 08/02/23. The company’s shares have touched a 52-week low of $54.57 and high of $132.83, with the stock’s rally to the 52-week high happening on 06/13/23. YTD, AMD has achieved 74.82% or $48.46 and has reached a new high 24 times. However, the current price is down -14.76% from the 52-week high price.
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Insider Transactions
AMD stock investors last saw insider trading activity on Jul 06.Papermaster Mark D (Chief Technology Officer & EVP) most recently sold 31,701 shares at $111.49 per share on Jul 06. This transaction cost the insider $3,534,376. President, AMD, PENG VICTOR, sold 105,000 shares at a price of $124.57 on Jun 09. Then, on Jun 09, SVP, GC & Corporate Secretary WOLIN HARRY A sold 74,473 shares at a price of $125.98 per share. This transaction amounted to $9,382,109.
Valuation Metrics
AMD stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.14 while the price-to-book (PB) in the most recent quarter is 3.34, with the price to cash flow ratio at 57.19.
Advanced Micro Devices Inc.’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 2.40.. In terms of profitability, the gross margin trailing 12 months is 43.70%. The trailing 12-month EBITDA margin is 24.90% while for the period ending June 29, Advanced Micro Devices Inc.’s operating margin was 5.80%. The firm’s gross profit as reported stood at $10.6 billion against revenue of $23.6 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Advanced Micro Devices Inc.’s cash and short-term investments amounted to $2.44 billion against total debt of $2.86 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1555.56% to $27.0 million, while revenue of -$139.0 million was 614.81% off the previous quarter. Analysts expected AMD to announce $0.52 per share in earnings in its latest quarter, but it posted $0.53, representing a 1.90% surprise. EBITDA for the quarter stood at more than $854.0 million. AMD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.83 billion, with total debt at $2.86 billion. Shareholders hold equity totaling $1.62 billion.
Let’s look briefly at Advanced Micro Devices Inc. (AMD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 48.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.79%.
The stock’s 5-day moving average is $113.67, reflecting a -3.72% or -$4.37 change from its current price. AMD is currently trading +1.72% above its 20-day SMA, +26.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.92% and SMA200 by+97.85%.
Stochastic %K and %D was 57.77% and 50.17% and the average true range (ATR) pointed at 5.06. The RSI (14) points at 49.29%, while the 14-day stochastic is at 48.27% with the period’s ATR at 4.91. The stock’s 9-day MACD Oscillator is pointing at 1.46 and 2.48 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Advanced Micro Devices Inc. (NASDAQ: AMD), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AMD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AMD as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 26 have offered a “buy” rating.
What is AMD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $95.00 and a high of $200.00, with their median price target at $145.00. Looking at these predictions, the average price target given by analysts is for Advanced Micro Devices Inc. (AMD) stock is $141.24.
