AMD Is Well Setup for More Growth

The AMD stock price fluctuated between $147.2 and $157.93 throughout the trading session with the volume trading being 61M shares, which represented a positive variation when compared to the three months average volume of 50M shares.

The share price of Advanced Micro Devices, Inc. (NasdaqGS:AMD) ran up 5.26% to close Wednesday’s market session at $157.8, higher as compared to yesterday’s close which brings the market valuation of the company to $190B.

The 52-week high for the Advanced Micro Devices, Inc.’s shares is $161.88. That puts it -2.5% from that peak with a 52-week low of $72.50, while the S&P 500’s share price change was of 31%.

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 50M, while in the last 10 days the average was 58.67M and last three months – 50.14M.

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.’s (NasdaqGS:AMD) financials

With a market cap of $190B, 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.