Advanced Micro Devices Inc (NASDAQ:AMD) Has Already Recovered 24.48%, But Another -52.06% Drop Cannot Be Ruled Out.

In recent trading session, Advanced Micro Devices Inc (NASDAQ:AMD) saw 11.01 million shares changing hands at last check today with its beta currently measuring 1.68. Company’s recent per share price level of $149.48 trading at -$0.34 or -0.23% at last check today assigns it a market valuation of $242.58B. That most recent trading price of AMD’s stock is at a discount of -52.06% from its 52-week high price of $227.30 and is indicating a premium of 24.48% from its 52-week low price of $112.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 42.81 million shares which gives us an average trading volume of 37.74 million if we extend that period to 3-months.

For Advanced Micro Devices Inc (AMD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.47. Splitting up the data highlights that, out of 33 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 27 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.08 in the current quarter.

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Advanced Micro Devices Inc (NASDAQ:AMD) trade information

Upright in the red during last session for losing -0.23%, in the last five days AMD remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $149.48 price level, adding 0.82% to its value on the day. Advanced Micro Devices Inc’s shares saw a change of 1.40% in year-to-date performance and have moved 5.37% in past 5-day. Advanced Micro Devices Inc (NASDAQ:AMD) showed a performance of -8.95% in past 30-days. Number of shares sold short was 47.41 million shares which calculate 1.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 180 to the stock, which implies a rise of 16.96% to its recent value today. Analysts have been projecting 80 as a low price target for the stock while placing it at a high target of 250. It follows that stock’s current price would jump 46.48% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.48% for stock’s current value.

Advanced Micro Devices Inc (AMD) estimates and forecasts

Statistics highlight that Advanced Micro Devices Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -1.61% of value to its shares in past 6 months, showing an annual growth rate of 24.53% while that of industry is 15.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.20% from the last financial year’s standing.

33 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 7.54B for the same. And 31 analysts are in estimates of company making revenue of 7.11B in the next quarter. Company posted 6.17B and 5.47B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.43% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 25.59% while estimates for its earnings growth in next 5 years are of 36.95%.

Advanced Micro Devices Inc (NASDAQ:AMD)’s Major holders

Insiders are in possession of 0.49% of company’s total shares while institution are holding 72.66 percent of that, with stock having share float percentage of 73.02%. Investors also watch the number of corporate investors in a company very closely, which is 72.66% institutions for Advanced Micro Devices Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AMD for having 147.32 million shares of worth $23.9 billion. And as of 2024-06-30, it was holding 9.111 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 130.38 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.0629 of outstanding shares, having a total worth of $21.15 billion.