Advanced Micro Devices Inc. (NASDAQ:AMD) finished Thursday with an addition of $4.69 to close at $102.76, an upside of 4.78 percent. An average of 52,412,578 shares of common stock have been traded in the last five days. There was a gain of $6.65 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 52,368,480 shares traded, while the 50-day average volume stands at 60,759,242.
AMD stock has decreased by -2.98% in the last month. The company shares reached their 1-month lowest point of $94.46 on 09/25/23. With the stock rallying to its 52-week high on 06/13/23, shares of the company touched a low of $54.57 and a high of $132.83 in 52 weeks. It has reached a new high 24 times so far this year and achieved 58.65% or $37.99 in price. In spite of this, the price is down -22.64% from the 52-week high.
Insider Transactions
AMD stock investors should be aware that Advanced Micro Devices Inc. (AMD) stock had its last reported insider trading activity 17 days ago on Sep 12. In this transaction, the insider spent $7,904,861. EVP Strategic Partnerships, GRASBY PAUL DARREN, disposed of 14,942 shares at a price of $106.21 on Aug 30. The insider now owns more than $1,586,990 worth of shares. Prior to that, Chair, President & CEO Su Lisa T went on to Sale 75,000 shares at $111.59 each on Aug 15. An amount of $8,369,403 was transacted.
Valuation Metrics
Advanced Micro Devices Inc. (AMD) stock’s beta is 1.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.59, the price-to-book (PB) ratio at 3.01, and the price-to-cash flow ratio at 88.93.
Financial Health
The quick ratio of Advanced Micro Devices Inc. for the three months ended June 29 was 1.58, and the current ratio was 2.18, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.05 for the quarter ending June 29. Advanced Micro Devices Inc.’s EBITDA margin for the year ending June 29 is 24.90%, while its operating margin for the same period stands at -0.74%. Its gross profit as reported stood at $10.6 billion compared to revenue of $23.6 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Advanced Micro Devices Inc.’s return on assets was -0.04%.
Earnings Surprise
For the three-month period that ended June 29, Advanced Micro Devices Inc. had $1.71 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $27.0 million in the quarter, while revenues were shrunk -1555.56%. The analyst consensus anticipated Advanced Micro Devices Inc.’s latest quarter earnings to come in at $0.57 per share, but it turned out to be $0.58, a 1.80% surprise. For the quarter, EBITDA amounted to $854.0 million. Shareholders own equity worth $1.62 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Advanced Micro Devices Inc. (AMD) price momentum. RSI 9-day as of the close on 28 September was 53.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.95%.
As of today, AMD’s price is $98.07 +6.92% or $6.65 from its 5-day moving average. AMD is currently trading -3.59% lower than its 20-day SMA and +14.38% higher than its 100-day SMA. However, the stock’s current price level is -11.74% below the SMA50 and +49.82% above the SMA200.
The stochastic %K and %D were 29.98% and 19.05%, respectively, and the average true range (ATR) was 3.91. With the 14-day stochastic at 56.50% and the average true range at 4.02, the RSI (14) stands at 49.13%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -2.30.
Analyst Ratings
Citigroup upgraded Advanced Micro Devices Inc. (NASDAQ: AMD) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Advanced Micro Devices Inc. (AMD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMD, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 29 others rate it as a “buy”.
What is AMD’s price target for the next 12 months?
Analysts predict a range of price targets between $95.00 and $200.00, with a median target of $145.00. Taking a look at these predictions, the average price target given by analysts for Advanced Micro Devices Inc. (AMD) stock is $143.07.
