During the last session 157M of Advanced Micro Devices, Inc.’s (NasdaqGS:AMD) shares were traded. The stock closed at $112.56 per share indicating that it gained $3.93 or 3.62% during that day which brings the Advanced Micro Devices, Inc.’s valuation to $136.76B.
The 52-week high for the Advanced Micro Devices, Inc.’s shares is $114.85. That puts it -1.99% from that peak but still a N/A gain since the share price dropped to a 52-week low of $72.50, while the S&P 500’s share price change was of N/A.
The company currently has a 47.25 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 growth in its daily volume. The daily volume was of 46M, while in the last 10 days the average was 105.46M and last three months – 45.13M.
The increasing interest in the AMD stock from the investors is helping to drive the stock price up.
Shrinking short interest
The Advanced Micro Devices, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 84.74M shares being shorted which translates into 1.77 of a short ratio for AMD, while in the previous month the shorted shares were 85.22M.
Advanced Micro Devices, Inc. (NasdaqGS:AMD)’s financials
With a market cap of 136.76B, 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.