As of Thursday close, Advanced Micro Devices Inc.’s (NASDAQ:AMD) stock was down -$2.75, moving down -2.57 percent to $104.44. The average number of shares traded per day over the past five days has been 56,059,500 shares. 3 times new highs have been achieved over the past 5 days, with a -$5.79 fall in that time frame. In the last twenty days, the average volume was 67,898,422, while in the previous 50 days, it was 67,951,445.
Since last month, AMD stock retreated -10.30%. Shares of the company fell to $104.10 on 08/17/23, the lowest level in the past month. A 52-week high of $132.83 was reached on 06/13/23 after having rallying from a 52-week low of $54.57. Since the beginning of this year, AMD’s stock price has risen by 61.25% or $39.67, and marked a new high 24 times. However, the stock has declined by -21.37% since its 52-week high.
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AMD stock investors should be aware that Advanced Micro Devices Inc. (AMD) stock had its last reported insider trading activity 3 days ago on Aug 15. Su Lisa T, the Chair, President & CEO of the company, disposed of 75,000 shares for $111.59 on Aug 15. It resulted in a $8,369,403 divestment by the insider. Papermaster Mark D sold 31,701 shares at an average price of $111.49 on Jul 06. The insider now owns 1,513,245 shares following the transaction. On Jun 09, President, AMD PENG VICTOR sold 105,000 shares at $124.57 apiece. The transaction was valued at $13,080,128.
Valuation Metrics
The stock’s beta is 1.79. Besides these, the trailing price-to-sales (P/S) ratio of 7.90, the price-to-book (PB) ratio of 3.05, and the price-to-cash flow ratio of 92.62 may also be considered.
Financial Health
In the three months ended June 29, Advanced Micro Devices Inc.’s quick ratio stood at 1.60, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.03, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 43.70% percent. In the year ended June 29, EBITDA margin amounted to 24.90%, whereas operating margins totaled -1.70%. Based on annual data, AMD earned $10.6 billion in gross profit and brought in $23.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.40%. Return on equity (ROE) for the past 12 months was 0.00%.
In Advanced Micro Devices Inc.’s quarter-end financial report for June 29, it reported total debt of $1.71 billion against cash and short-term investments of $2.44 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMD’s revenue fell -87.78% to $5.05 billion during the quarter, while net income inched up to $5.15 billion. While analysts expected Advanced Micro Devices Inc. to report $0.57 quarterly earnings, the actual figure was $0.58 per share, beating the consensus estimate by 1.80%. During the quarter, the company generated $854.0 million in EBITDA. The liabilities of Advanced Micro Devices Inc. were 12.83 billion at the end of its most recent quarter ended June 29, and its total debt was $2.86 billion. The value of shareholders’ equity is $1.62 billion.
Technical Picture
This quick technical analysis looks at Advanced Micro Devices Inc.’s (AMD) price momentum. With a historical volatility rate of 35.57%, the RSI 9-day stood at 34.71% on 17 August.
With respect to its five-day moving average, the current Advanced Micro Devices Inc. price is down by -5.25% percent or -$5.79. At present, AMD shares trade -5.27% below its 20-day simple moving average and +6.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately -15.93% below its SMA50 and +68.42% above its SMA200.
Stochastic coefficient K was 18.97% and Stochastic coefficient D was 28.36%, while ATR was 4.62. Given the Stochastic reading of 2.21% for the 14-day period, the RSI (14) reading has been calculated as 39.08%. As of today, the MACD Oscillator reading stands at -2.70, while the 14-day reading stands at -4.02.
Analyst Ratings
Citigroup upgraded its rating on Advanced Micro Devices Inc. (NASDAQ: AMD) to a Buy in a note to investors on August 02, 2023. The analysts firm previously had a Neutral rating on the stock.Advanced Micro Devices Inc. (AMD) has been rated Overweight by analysts. According to 0 brokerage firms, AMD is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Advanced Micro Devices Inc. stock as buy, with 27 recommending it as overweight.
With a median target price of $145.00, the current consensus forecast for the stock is $95.00 – $200.00. Based on these forecasts, analysts predict Advanced Micro Devices Inc. (AMD) will achieve an average price target of $141.24.
