Advanced Micro Devices Inc (AMD): A Great Stock For Handling Current Market Conditions?

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 -5.61% and -30.26% over the past three months. AMD shares are trading -4.01% year to date (YTD), with the 12-month market performance down to -32.61% lower. It has a 12-month low price of $112.80 and touched a high of $227.30 over the same period. AMD has an average intraday trading volume of 36.21 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 -3.67%, -8.86%, and -21.64% respectively.

Institutional ownership of Advanced Micro Devices Inc (NASDAQ: AMD) shares accounts for 68.61% of the company’s 1.62B shares outstanding.

It has a market capitalization of $188.16B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 103.72, while the earnings-per-share (ttm) stands at $1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.43% over the week and 3.06% over the month.

Earnings per share for the fiscal year are expected to increase by 24.99%, and 49.19% over the next financial year.

Looking at the support for the AMD, a number of firms have released research notes about the stock. Melius stated their Hold rating for the stock in a research note on January 28, 2025, with the firm’s price target at $160-$129. Loop Capital was of a view on January 14, 2025 that the stock is Buy, while TD Cowen gave the stock Buy rating on January 13, 2025, issuing a price target of $185- $150. Goldman on their part issued Neutral rating on January 10, 2025.

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