Traders Recap: Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) received “Initiated” rating by Goldman in a research note issued to investors on Apr-06-17 as Sell at $11.

Additionally on Mar-31-17 the stock was “Initiated” by Macquarie as Neutral at $14 and on Mar-09-17 the stock was “Reiterated” by Canaccord Genuity as Buy from $14 to $17. Furthermore on Feb-22-17 the stock was “Initiated” by Rosenblatt as Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 44.65 along with Average True Range (ATR 14) of 0.55, Consequently Advanced Micro Devices, Inc. (NASDAQ:AMD)’s weekly and monthly volatility is 3.61%, 3.93% respectively. The company’s beta value is at 2.64.

In terms of Buy, Sell or Hold recommendations, Advanced Micro Devices, Inc. (NASDAQ:AMD) has an analyst’s mean recommendation of 2.60. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded 1.25% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $12.20 within the next 52-weeks. The mean target projections are based on 25 opinions, the mean target was last revised on 04/14/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $17.00 and with a conservative view have low price target of $4.00 with a standard deviation of $4.20. If seeing target price from optimistic overview then it has a 31 percent upside potential from the latest closing price of $12.95.

While considering growth estimates of the company, it has next quarter growth estimates of 80.00% whereas during current quarter it has 66.70% estimations over growth, comparing to the estimations of 157.10% during current year and 275.00% for next year. Past 5 years growth of Advanced Micro Devices, Inc. (NASDAQ:AMD) observed at -43.28%, looking forward for the next 5 years it has a strong prediction of -98.30% over growth.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s revenue estimates for the current quarter are $984.38M according to 24 number of analysts, for the current quarter the company has high revenue estimates of $1.02B in contradiction of low revenue estimates of $965.92M. For the current year the company’s revenue estimates are $4.74B compared to low analyst estimates of $4.31B and high estimates of $5.4B according 28 number of analysts.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s trailing twelve month revenues are $4.27B, whereas its price to sales ratio for the same period is 2.85. Its book value per share for the most recent quarter is $0.44 while its price to book ratio for the same period is 29.43.

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