Is This The Best Time To Buy Advanced Micro Devices Inc. (NASDAQ: AMD) Stock?

Advanced Micro Devices Inc. (NASDAQ:AMD) traded at $154.00 at close of the session on Tuesday, July 23, made a downward move of -1.20% on its previous day’s price.

Looking at the stock we see that its previous close was $155.87 . The company has a trailing 12-month PE ratio of 224.95. In terms of its 52-week price range, AMD has a high of $227.30 and a low of $93.11. The company’s stock has lost about -4.48% over that past 30 days.

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Advanced Micro Devices Inc. has a market cap of $248.91 billion.

Based on estimates by 31 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Advanced Micro Devices Inc. (AMD) stock as a Hold, while 27 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the AMD stock currently stands at 6.78, and the current price level is -7.81% off its SMA20 and -5.97% from its 50-day simple moving average. The RSI (14) is pointing at 39.36 while the volatility over the past week is 4.30% and jumps to 3.95% over the past one month. The beta value is 1.68, while the average true range (ATR) is currently pointing at 7.13. The average price target for the stock over the next 12 months is $177.5, with the estimates having a low of $65 and a high of $270. These price ends are 57.79% and -75.32% off the current price level respectively, although investors could be excited at the prospect of a -15.26% if the AMD share price touches on the median price of $177.5.

Coming back to Advanced Micro Devices Inc. (NASDAQ:AMD), we note that the average 3-month trading volume was 51.27 million, while that of the preceding 10-day period stands at 55.27 million. Current shares outstanding are 1.62 billion.

The insiders hold 0.56% of the company’s shares while institutions hold 70.66%. The data shows that short shares as of 2024-06-28, stood at 41.62 million at a short ratio of 0.8. This represents a 2.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.58999992.5899999 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 38.85 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 4.47% up in year-to-date price movement.

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