Advanced Micro Devices Inc. [NASDAQ: AMD] stock went on an upward path that rose over 172.48% on Friday, amounting to a one-week price decrease of less than -2.92%. The company report on February 6, 2024 at 9:00 AM that AMD Unveils Embedded+ Architecture; Combines Embedded Processors with Adaptive SoCs to Accelerate Time-to-Market for Edge AI Applications.
AMD Embedded+ Architecture.
— AMD-validated solutions provide a simplified path to AI inferencing, sensor fusion, industrial networking, control, and visualization for ODM partners —.
Over the last 12 months, AMD stock rose by 103.66%. The one-year Advanced Micro Devices Inc. stock forecast points to a potential upside of 12.15. The average equity rating for AMD stock is currently 1.65, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $278.69 billion, with 1.62 billion shares outstanding and 1.60 billion shares in the current float. Compared to the average trading volume of 0.80 shares, AMD stock reached a trading volume of 70.19M in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Advanced Micro Devices Inc. [AMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMD shares is $192.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMD stock is a recommendation set at 1.65. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 31, 2024.
The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 6.89, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 12.29. The Price to Book ratio for the last quarter was 4.99, with the Price to Cash per share for the same quarter was set at 3.57. Price to Free Cash Flow for AMD in the course of the last twelve months was 248.61 with Quick ratio for the last quarter at 1.86.
AMD Stock Performance Analysis:
Advanced Micro Devices Inc. [AMD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.92. With this latest performance, AMD shares gained by 16.12% in over the last four-week period, additionally plugging by 56.47% over the last 6 months – not to mention a rise of 103.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMD stock in for the last two-week period is set at 59.06, with the RSI for the last a single of trading hit 56.26, and the three-weeks RSI is set at 60.87 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 149.61, while it was recorded at 170.98 for the last single week of trading, and 118.93 for the last 200 days.
Insight into Advanced Micro Devices Inc. Fundamentals:
Advanced Micro Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.86 and a Current Ratio set at 2.51.
AMD Stock EPS
With the latest financial reports released by the company, Advanced Micro Devices Inc. posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Advanced Micro Devices Inc. go to 24.96%.
Advanced Micro Devices Inc. [AMD] Institutonal Ownership Details
The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AMD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AMD stock with ownership which is approximately 5.8325%.