Better Future? Look At AMD

The AMD stock price fluctuated between $85.38 and $93.74 throughout the trading session with the volume trading being 145M shares, which represented a positive variation when compared to the three months average volume of 108M shares.

The share price of Advanced Micro Devices, Inc. (NasdaqGS:AMD) dipped -9.42% to close Monday’s market session at $86.36, lower as compared to yesterday’s close which brings the market valuation of the company to $152.08B.

The 52-week high for the Advanced Micro Devices, Inc.’s shares is $164.46. That puts it -47.49% from that peak with a 52-week low of $72.50, while the S&P 500’s share price change was of -3.87%.

The company currently has a 35.03 P/E ratio and a price target of $137.59.

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 145M, while in the last 10 days the average was 123.81M and last three months – 108.4M.

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 27.42M shares being shorted which translates into 0.28 of a short ratio for AMD, while in the previous month the shorted shares were 27.78M.

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

With a market cap of 152.08B, Advanced Micro Devices, Inc. holds a total cash of $3.61B that translates into $3.01 per share, while the total debt is of $732M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 48.80%. The current revenue is of $16.43B that is $13.55 per share.

This is a great sign for a bright future.

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