Advanced Micro Devices Inc. (AMD) average volume reaches $55.85M: Is Wall Street expecting a rally?

On November 20, 2023, Advanced Micro Devices Inc. (NASDAQ: AMD) opened at $120.70, higher 0.75% from the last session. During the day, the shares moved up to $121.93 and dropped to $120.07 before settling in for the closing price of $120.62. Price fluctuations for AMD have ranged from $60.05 to $132.83 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 36.84%. Company’s average yearly earnings per share was noted -25.25% at the time writing. With a float of $1.60 billion, this company’s outstanding shares have now reached $1.61 billion.

Considering the fact that the conglomerate employs 25000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +36.03, operating margin of +6.84, and the pretax margin is +5.02.

Advanced Micro Devices Inc. (AMD) Insider Activity

A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Advanced Micro Devices Inc. is 1.04%, while institutional ownership is 69.70%. The most recent insider transaction that took place on Nov 07, was worth 8,498,871. In this transaction Chair, President & CEO of this company sold 75,000 shares at a rate of $113.32, taking the stock ownership to the 3,358,721 shares. Before that another transaction happened on Nov 07, when Company’s EVP Strategic Partnerships sold 13,000 for $113.44, making the entire transaction worth $1,474,720. This insider now owns 90,663 shares in total.

Advanced Micro Devices Inc. (AMD) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.7 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.68) by $0.02. This company achieved a net margin of +5.59 while generating a return on equity of 4.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.63 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -25.25% per share during the next fiscal year.

Advanced Micro Devices Inc. (NASDAQ: AMD) Trading Performance Indicators

Check out the current performance indicators for Advanced Micro Devices Inc. (AMD). In the past quarter, the stock posted a quick ratio of 1.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.88. Likewise, its price to free cash flow for the trailing twelve months is 148.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.13, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 3.74 in one year’s time.

Technical Analysis of Advanced Micro Devices Inc. (AMD)

Compared to the last year’s volume of 62.15 million, its volume of 50.39 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 86.95%. Additionally, its Average True Range was 3.81.

During the past 100 days, Advanced Micro Devices Inc.’s (AMD) raw stochastic average was set at 97.97%, which indicates a significant increase from 97.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.83% in the past 14 days, which was higher than the 41.32% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $105.73, while its 200-day Moving Average is $102.70. Nevertheless, the first resistance level for the watch stands at $122.28 in the near term. At $123.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $124.14. If the price goes on to break the first support level at $120.42, it is likely to go to the next support level at $119.32. Should the price break the second support level, the third support level stands at $118.56.

Advanced Micro Devices Inc. (NASDAQ: AMD) Key Stats

There are currently 1,600,000K shares outstanding in the company with a market cap of 196.33 billion. Presently, the company’s annual sales total 23,601 M according to its annual income of 1,320 M. Last quarter, the company’s sales amounted to 5,800 M and its income totaled 299,000 K.


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