Better Future? Look At AMD

The AMD stock price fluctuated between $143.55 and $148.61 throughout the trading session with the volume trading being 49M shares, which represented a negative variation when compared to the three months average volume of 55M shares.

The share price of Advanced Micro Devices, Inc. (NasdaqGS:AMD) dipped -0.86% to close Friday’s market session at $143.9, lower as compared to yesterday’s close which brings the market valuation of the company to $167.31B.

The 52-week high for the Advanced Micro Devices, Inc.’s shares is $164.46. That puts it -12.50% from that peak with a 52-week low of $72.50, while the S&P 500’s share price change was of 28.79%.

The company currently has a 42.63 P/E ratio and a price target of $142.5.

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 49M, while in the last 10 days the average was 50.42M and last three months – 54.56M.

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 69.63M shares being shorted which translates into 1.25 of a short ratio for AMD, while in the previous month the shorted shares were 75.49M.

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

With a market cap of 167.31B, Advanced Micro Devices, Inc. holds a total cash of $3.61B that translates into $2.99 per share, while the total debt is of $702M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 54.00%. The current revenue is of $14.85B that is $12.25 per share.

This is a great sign for a bright future.