Advanced Micro Devices Inc (NASDAQ: AMD) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 1.62B common shares owned by the public and among those 1.61B shares have been available to trade.

The company’s stock has a 5-day price change of -8.82% and -13.12% over the past three months. AMD shares are trading -8.49% year to date (YTD), with the 12-month market performance up to 14.32% higher. It has a 12-month low price of $116.37 and touched a high of $227.30 over the same period. AMD has an average intraday trading volume of 36.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.99%, -12.69%, and -16.40% respectively.

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Institutional ownership of Advanced Micro Devices Inc (NASDAQ: AMD) shares accounts for 68.82% of the company’s 1.62B shares outstanding.

It has a market capitalization of $212.70B and a beta (3y monthly) value of 1.67. The stock’s trailing 12-month PE ratio is 120.71, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 3.06 and a Quick Ratio of 1.78 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.08% over the week and 2.78% over the month.

Earnings per share for the fiscal year are expected to increase by 25.58%, and 54.83% over the next financial year. EPS should grow at an annualized rate of 39.40% over the next five years, compared to 10.43% over the past 5-year period.

Looking at the support for the AMD, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on October 30, 2024, with the firm’s price target at $210-$185. TD Cowen was of a view on August 19, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on July 15, 2024, issuing a price target of $200- $210. Morgan Stanley on their part issued Equal-Weight rating on June 10, 2024.

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