Advanced Micro Devices, Inc. (AMD): What To Expect From The Earnings?

The AMD stock price fluctuated between $89.1 and $94.1 throughout the trading session with the volume trading being 64M shares, which represented a positive variation when compared to the three months average volume of 41M shares.

The share price of Advanced Micro Devices, Inc. (NasdaqGS:AMD) dipped -0.86% to close Tuesday’s market session at $91.03, lower as compared to yesterday’s close which brings the market valuation of the company to $110.6B.

The 52-week high for the Advanced Micro Devices, Inc.’s shares is $99.23. That puts it -8.26% from that peak but still a 35.81% gain since the share price dropped to a 52-week low of $67.02, while the S&P 500’s share price change was of 37.41%.

The company currently has a 38.22 P/E ratio and a price target of $104.79.

What does the trading volume tell us about the AMD stock?

During the last trading session, Advanced Micro Devices, Inc. (NasdaqGS:AMD) has seen decay in its daily volume. The daily volume was of 41M, while in the last 10 days the average was 31.62M and last three months – 41.46M.
The decreasing interest in the AMD stock from the investors is helping to drive the stock price down.

Growing short interest

The Advanced Micro Devices, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 86.9M shares being shorted which translates into 2.07 of a short ratio for AMD, while in the previous month the shorted shares were 86.88M.

Advanced Micro Devices, Inc. (NasdaqGS:AMD) financials

With a market cap of 110.6B, Advanced Micro Devices, Inc. holds a total cash of $3.12B that translates into $2.57 per share, while the total debt is of $551M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 92.90%. The current revenue is of $11.42B that is $9.56 per share.
This is a great sign for a bright future.