AMD Stock Is Rising Again


During the last session 69M of Advanced Micro Devices, Inc.’s (NasdaqGS:AMD) shares were traded. The stock closed at $108.77 per share indicating that it gained $4.12 or 3.94% during that day which brings the Advanced Micro Devices, Inc.’s valuation to $131.93B.

The 52-week high for the Advanced Micro Devices, Inc.’s shares is $122.49. That puts it -11.20% from that peak but still a 21.19% 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 28.98%.

The company currently has a 38.34 P/E ratio and a price target of $113.93.

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 60M, while in the last 10 days the average was 70.61M and last three months – 59.56M.

The increasing interest in the AMD stock from the investors is helping to drive the stock price up.


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 89.13M shares being shorted which translates into 1.62 of a short ratio for AMD, while in the previous month the shorted shares were 88.56M.

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

With a market cap of 131.93B, Advanced Micro Devices, Inc. holds a total cash of $3.79B that translates into $3.13 per share, while the total debt is of $657M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 99.30%. The current revenue is of $13.34B that is $11.07 per share.

This is a great sign for a bright future.