Advanced Micro Devices Inc (NASDAQ:AMD) traded at $137.72 at close of the session on Tuesday, November 26 and made a downward move of -2.42% on its previous day’s price.
Looking at the stock we see that its previous close was $141.13 and the beta (5Y monthly) reads 1.706 with the day’s price range being $136.62 – $142.8. The company has a trailing 12-month PE ratio of 123.23. In terms of its 52-week price range, AMD has a high of $227.30 and a low of $116.37. The company’s stock has lost about -13.88% over that past 30 days.
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Advanced Micro Devices Inc has a market cap of $223.49 billion and is expected to release its quarterly earnings report in December.
On the other hand, looking at the outlook for the AMD stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 33 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 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 3.13, and the current price level is -2.82% off its SMA20 and -10.10% from its 50-day simple moving average. The RSI (14) is pointing at 40.07 while the volatility over the past week is 3.26% and jumps to 3.03% over the past one month. The beta value is 1.67, while the average true range (ATR) is currently pointing at 4.84. The average price target for the stock over the next 12 months is $180, with the estimates having a low of $80 and a high of $250. These price ends are 41.91% and -81.53% off the current price level respectively, although investors could be excited at the prospect of a -30.7% if the AMD share price touches on the median price of $180.
Coming back to Advanced Micro Devices Inc (NASDAQ:AMD), we note that the average 3-month trading volume was 35.02 million, while that of the preceding 10-day period stands at 31.74 million. Current shares outstanding are 1.62 billion.
The insiders hold 0.59% of the company’s shares while institutions hold 68.79%. The data shows that short shares as of 2024-11-15, stood at 49.39 million at a short ratio of 1.36. This represents a 306.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 47.41 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -6.57% down in year-to-date price movement.
