Advanced Micro Devices Inc. [NASDAQ: AMD] stock went on an upward path that rose over 3.04% on Friday, amounting to a one-week price decrease of less than -4.32%.
Over the last 12 months, AMD stock rose by 84.51%. The one-year Advanced Micro Devices Inc. stock forecast points to a potential upside of 21.53. The average equity rating for AMD stock is currently 1.57, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $243.42 billion, with 1.62 billion shares outstanding and 1.60 billion shares in the current float. Compared to the average trading volume of 64.66M shares, AMD stock reached a trading volume of 49206631 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 $191.92 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 1.57. 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.
TD Cowen have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $180 to $225. The new note on the price target was released on April 16, 2024, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another raise to $200, while Evercore ISI analysts kept a Outperform rating on AMD stock.
The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 7.17, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 10.68. The Price to Book ratio for the last quarter was 4.34, with the Price to Cash per share for the same quarter was set at 3.73. Price to Free Cash Flow for AMD in the course of the last twelve months was 207.69 with Quick ratio for the last quarter at 1.92.
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 -4.32. With this latest performance, AMD shares dropped by -9.18% in over the last four-week period, additionally plugging by 39.39% over the last 6 months – not to mention a rise of 84.51% 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 40.48, with the RSI for the last a single of trading hit 41.65, and the three-weeks RSI is set at 41.28 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 175.33, while it was recorded at 151.92 for the last single week of trading, and 137.85 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 1.92 and a Current Ratio set at 2.64.
AMD Stock EPS
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 24.66%.
Advanced Micro Devices Inc. [AMD] Institutonal Ownership Details
The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AMD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AMD stock with ownership which is approximately 5.8386%.
