While Advanced Micro Devices Inc has underperformed by -2.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMD fell by -0.92%, with highs and lows ranging from $227.30 to $121.82, whereas the simple moving average fell by -19.45% in the last 200 days.
On December 09, 2024, BofA Securities Downgraded Advanced Micro Devices Inc (NASDAQ: AMD) to Neutral. A report published by TD Cowen on October 30, 2024, Reiterated its previous ‘Buy’ rating for AMD. TD Cowen resumed its ‘Buy’ rating for AMD, as published in its report on July 15, 2024. Morgan Stanley’s report from June 10, 2024 suggests a price prediction of $176 for AMD shares, giving the stock a ‘Equal-Weight’ rating. Jefferies also rated the stock as ‘Buy’.
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Analysis of Advanced Micro Devices Inc (AMD)
Further, the quarter-over-quarter increase in sales is 17.57%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Advanced Micro Devices Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 3.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 34.34M can be a very valuable indicator of volatility for AMD stock. On a monthly basis, the volatility of the stock is set at 3.05%, whereas on a weekly basis, it is put at 3.30%, with a loss of -10.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $185.13, showing growth from the present price of $127.74, which can serve as yet another indication of whether AMD is worth investing in or should be passed over.
How Do You Analyze Advanced Micro Devices Inc Shares?
The USA based company Advanced Micro Devices Inc (AMD) is one of the biggest names in Semiconductors. When comparing Advanced Micro Devices Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 114.27, there is a growth in quarterly earnings of 156.70%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.59%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMD shares are owned by institutional investors to the tune of 68.80% at present.
