The trading price of Advanced Micro Devices Inc. (NASDAQ:AMD) closed lower on Friday, July 12, closing at $181.61, -0.18% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 265.28. In examining the 52-week price action we see that the stock hit a 52-week high of $227.30 and a 52-week low of $93.11. Over the past month, the stock has gained 14.25% in value.
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Advanced Micro Devices Inc., whose market valuation is $293.54 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AMD has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 8.00, which symbolizes a positive outlook. A quick review shows that AMD’s price is currently 10.23% off the SMA20 and 12.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.63, and weekly volatility stands at 4.31%. When measured over the past 30 days, the indicator reaches 3.76%. Advanced Micro Devices Inc. (NASDAQ:AMD)’s beta value is currently sitting at 1.69, while the Average True Range indicator is currently displaying 6.90.
To see how Advanced Micro Devices Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: AMD stock’s performance was -0.18% in the latest trading, and 58.50% in the past year. Advanced Micro Devices Inc. has a P/E ratio of 265.28.
An evaluation of the daily trading volume of Advanced Micro Devices Inc. (NASDAQ:AMD) indicates that the 3-month average is 52.21 million.
Currently, records show that 1.62 billion of the company’s shares remain outstanding. The insiders hold 0.56% of outstanding shares, whereas institutions hold 70.57%. However, since the stock’s price has seen 23.20% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.