Advanced Micro Devices Inc. (NASDAQ:AMD) saw an upside of 2.63% to close Monday at $108.22 after adding $2.77 on the day. The 5-day average trading volume is 55,288,762 shares of the company’s common stock. It has gained $113.18 in the past week and touched a new high 1 time within the past 5 days. An average of 67,237,555 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 67,196,125.
AMD’s 1-month performance is -2.46% or -$2.73 on its low of $101.68 reached on 08/18/23. 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 67.08% or $43.45 and has reached a new high 24 times. However, the current price is down -18.53% from the 52-week high price.
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Insider Transactions
AMD stock investors last saw insider trading activity on Aug 15.Su Lisa T (Chair, President & CEO) most recently sold 75,000 shares at $111.59 per share on Aug 15. This transaction cost the insider $8,369,403. Chief Technology Officer & EVP, Papermaster Mark D, sold 31,701 shares at a price of $111.49 on Jul 06. Then, on Jun 09, President, AMD PENG VICTOR sold 105,000 shares at a price of $124.57 per share. This transaction amounted to $13,080,128.
Valuation Metrics
AMD stock has a beta of 1.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.92 while the price-to-book (PB) in the most recent quarter is 3.16, with the price to cash flow ratio at 92.76.
Advanced Micro Devices Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.03, while the total debt to equity was 0.04. 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 -1.70%. 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, 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 21 August was 45.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.10%.
The stock’s 5-day moving average is $107.33, reflecting a -3.36% or -$3.76 change from its current price. AMD is currently trading -2.16% above its 20-day SMA, +14.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.60% and SMA200 by+81.39%.
Stochastic %K and %D was 20.02% and 16.99% and the average true range (ATR) pointed at 4.43. The RSI (14) points at 45.59%, while the 14-day stochastic is at 36.70% with the period’s ATR at 4.53. The stock’s 9-day MACD Oscillator is pointing at -2.51 and -4.34 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 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 27 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 $142.03.
