Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 2.68% in recent trade and currently has a stock-market value of $19.73B. The shares finished at $20.27, after trading as low as $19.19 earlier in the session. It hit an intraday high Friday at $20.35. Trading activity significantly weakened as the volume at ready counter decreased to 84,868,863 shares versus 107,000,000 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 114,000,000 shares. The stock is now 124.23% above against its bear-market low of $9.04 on April 04, 2018. It has retreated -68.43% since it’s 52-week high of $34.14 reached in September. Now the market price is up 69.48% on the year and up 9.8% YTD.
AMD’s 50 day simple moving average (SMA 50) price is $19.71 and its 200-day simple moving average (SMA 200) price is $18.87. The company’s stock currently has a total float of 973.28M shares. Its weekly volatility is hovering around 6.88% and felt 7.32% volatility in price over a month. On the upside, the share price will test short term resistance at around $20.68. On a downside, the stock is likely to find some support, which begins at $19.52. The failure to get near-term support could push it to $18.78.
Separately, it has been reported that multiple insider activity took place at Advanced Micro Devices, Inc. (AMD). Chief Technology Officer & SVP Papermaster Mark D sold 31,291 shares for $1,299,588 in transaction occurred on 2018/12/27. After making this transaction, the Chief Technology Officer & SVP owns a direct stake of 544,463 shares, worth $26,342,649, as per the last closing price. On 2018/12/27 Kumar Devinder, SVP, CFO & Treasurer at AMD, dumped 35,027 shares at an average price of $17.4 per share. The selling total is valued at $11,802,309.
SVP, GC & Corporate Secretary, Wolin Harry A had divested 18,070 shares for $1,348,807 through a trade on 2018/12/27. Following this activity, the insider holds 314,418 shares worth $27,340,318 as of recent close. Wall Street’s most bullish Advanced Micro Devices, Inc. (NASDAQ:AMD) analysts are predicting the share price to blow past $40 per share during the next 12 months. The current median share price forecast by them is $24.5, suggesting that the stock could increase 20.87% in that time frame. The average price target of $23.08 calls for a nearly 13.86% increase in the stock price.
It had seen a new analyst call from Daiwa Securities, which initiated the stock at Outperform on December 21. Analysts at Cowen, maintained the company shares at Outperform on October 30 but switched target price from $33 to $26. The stock won favor of Northland Capital analysts who expressed their confidence in it using an upgrade from Market Perform to Outperform on October 25. Cowen, reiterated their call for Outperform, on October 18. On the other hand, they had set new target price to $33 versus $30.
Moreover, it trades for 32.64 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 17.78x price/book and 3.02x price/sales. Compared to others, Advanced Micro Devices, Inc. is in a different league with regards to profitability, having net margins of 5.5%. To put some perspective around this, the industry’s average net margin is 21.22%. AMD’s ROE is 43.4%, which is also considerably better than the industry’s ROE of 9.21%. It’s also very liquid in the near term, with a current ratio of 1.8. The stock has a debt/capital of 1.16.
Shares of Advanced Micro Devices, Inc. (AMD) have dropped -19.2% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Advanced Micro Devices, Inc. (NASDAQ:AMD) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 1 quarters (8%), whereas at 3 occasion EPS met analyst expectations. AMD last reported earnings that exceeded expectations. The company raked in $0.13 per share, -97.17% change on the same period last year. That was better than consensus for $0.12. Revenue for the recent quarter stood at $1.65 billion, up 1% on last year and below the $1.7 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.43 billion to $1.77 billion, which should be compared with $1.38 billion generated last year.EPS is seen in a range of $0.1 to $0.23, against the $0.12 reported a year ago.