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After finishing at $146.64 in the prior trading day, Advanced Micro Devices Inc. (NASDAQ: AMD) closed at $148.64, up 1.36%. In other words, the price has increased by $1.36 from its previous closing price. On the day, 49.4 million shares were traded. AMD stock price reached its highest trading level at $149.89 during the session, while it also had its lowest trading level at $145.63.
Ratios:
Our goal is to gain a better understanding of AMD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 214.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on April 18, 2024, Reiterated its Buy rating but revised its target price to $200 from $185 previously.
On April 16, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $180 to $225.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $200.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $200 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 15 ’24 when Papermaster Mark D sold 16,200 shares for $164.25 per share. The transaction valued at 2,660,850 led to the insider holds 1,554,602 shares of the business.
Papermaster Mark D sold 16,200 shares of AMD for $3,025,082 on Mar 15 ’24. The Chief Technology Officer & EVP now owns 1,554,602 shares after completing the transaction at $186.73 per share. On Mar 13 ’24, another insider, Su Lisa T, who serves as the Chair, President & CEO of the company, sold 125,000 shares for $195.13 each. As a result, the insider received 24,391,404 and left with 3,222,230 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMD now has a Market Capitalization of 240223059968 and an Enterprise Value of 237506560000. As of this moment, Advanced’s Price-to-Earnings (P/E) ratio for their current fiscal year is 284.04, and their Forward P/E ratio for the next fiscal year is 26.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.59 while its Price-to-Book (P/B) ratio in mrq is 4.30. Its current Enterprise Value per Revenue stands at 10.472 whereas that against EBITDA is 61.626.
Stock Price History:
The Beta on a monthly basis for AMD is 1.68, which has changed by 0.77374697 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, AMD has reached a high of $227.30, while it has fallen to a 52-week low of $81.02. The 50-Day Moving Average of the stock is -17.14%, while the 200-Day Moving Average is calculated to be 9.30%.
Shares Statistics:
The stock has traded on average 72.18M shares per day over the past 3-months and 58078940 shares per day over the last 10 days, according to various share statistics. A total of 1.62B shares are outstanding, with a floating share count of 1.60B. Insiders hold about 1.07% of the company’s shares, while institutions hold 71.58% stake in the company. Shares short for AMD as of 1711584000 were 32846511 with a Short Ratio of 0.46, compared to 1709164800 on 34379955. Therefore, it implies a Short% of Shares Outstanding of 32846511 and a Short% of Float of 2.0399998999999998.
Earnings Estimates
Advanced Micro Devices Inc. (AMD) is currently under the scrutiny of 32 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $0.61 for the current quarter, with a high estimate of $0.84 and a low estimate of $0.56, while EPS last year was $0.6. The consensus estimate for the next quarter is $0.7, with high estimates of $1.06 and low estimates of $0.58.
Analysts are recommending an EPS of between $4.94 and $2.97 for the fiscal current year, implying an average EPS of $3.63. EPS for the following year is $5.51, with 38 analysts recommending between $9.07 and $3.52.
Revenue Estimates
32 analysts predict $5.46B in revenue for the current quarter. It ranges from a high estimate of $6.21B to a low estimate of $5.38B. As of the current estimate, Advanced Micro Devices Inc.’s year-ago sales were $5.35B, an estimated increase of 1.90% from the year-ago figure. For the next quarter, 32 analysts are estimating revenue of $5.7B, an increase of 6.40% over than the figure of $1.90% in the same quarter last year. There is a high estimate of $6.93B for the next quarter, whereas the lowest estimate is $5.4B.
A total of 44 analysts have provided revenue estimates for AMD’s current fiscal year. The highest revenue estimate was $29.99B, while the lowest revenue estimate was $23.71B, resulting in an average revenue estimate of $25.81B. In the same quarter a year ago, actual revenue was $22.68B, up 13.80% from the average estimate. Based on 42 analysts’ estimates, the company’s revenue will be $32.6B in the next fiscal year. The high estimate is $43.86B and the low estimate is $26B. The average revenue growth estimate for next year is up 26.30% from the average revenue estimate for this year.
