Advanced Micro Devices Inc. [NASDAQ: AMD] stock went on an upward path that rose over 2.26% on Friday, amounting to a one-week price decrease of less than -1.76%.
Over the last 12 months, AMD stock rose by 55.01%. The one-year Advanced Micro Devices Inc. stock forecast points to a potential upside of 10.85. The average equity rating for AMD stock is currently 1.46, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $271.73 billion, with 1.62 billion shares outstanding and 1.61 billion shares in the current float. Compared to the average trading volume of 45.03M shares, AMD stock reached a trading volume of 42010638 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 $188.33 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 1.46. 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.
Edward Jones have made an estimate for Advanced Micro Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 20, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Buy. The new note on the price target was released on August 19, 2024, representing the official price target for Advanced Micro Devices Inc. stock. Previously, the target price had yet another raise from $200 to $210, while TD Cowen kept a Buy rating on AMD stock.
The Average True Range (ATR) for Advanced Micro Devices Inc. is set at 5.88, with the Price to Sales ratio for AMD stock in the period of the last 12 months amounting to 11.67. The Price to Book ratio for the last quarter was 4.80, with the Price to Cash per share for the same quarter was set at 3.30. Price to Free Cash Flow for AMD in the course of the last twelve months was 200.24 with Quick ratio for the last quarter at 2.01.
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 -1.76. With this latest performance, AMD shares gained by 11.36% in over the last four-week period, additionally plugging by 2.82% over the last 6 months – not to mention a rise of 55.01% 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 59.23, with the RSI for the last a single of trading hit 58.59, and the three-weeks RSI is set at 58.07 for Advanced Micro Devices Inc. [AMD]. The present Moving Average for the last 50 days of trading for this stock 151.02, while it was recorded at 169.37 for the last single week of trading, and 162.33 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 2.01 and a Current Ratio set at 2.82.
AMD Stock EPS
With the latest financial reports released by the company, Advanced Micro Devices Inc. posted 0.7/share EPS, while the average EPS was predicted by analysts to be reported at 0.68/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 34.49%.
Advanced Micro Devices Inc. [AMD] Institutonal Ownership Details
There are presently around $72.42%, or 72.78%% of AMD stock, in the hands of institutional investors. The top three institutional holders of AMD stocks are: VANGUARD GROUP INC with ownership of 147.32 million shares, which is approximately 9.111%. BLACKROCK INC., holding 130.38 million shares of the stock with an approximate value of $$21.15 billion in AMD stocks shares; and BLACKROCK INC., currently with $$11.13 billion in AMD stock with ownership which is approximately 4.2418%.
