Shares of Advanced Micro Devices, Inc. (AMD) See More Pressure As Technicals Point Lower

Shares of Advanced Micro Devices, Inc. (AMD) See More Pressure As Technicals Point Lower

Advanced Micro Devices, Inc. (AMD), a Semiconductors corporation, was a gaining stock in the prior session. Advanced Micro Devices, Inc. (AMD) shares opened the day for trading at $57.35 and closed the day at $56.60 with negative move of -0.61%. The decrease movement in Advanced Micro Devices, Inc. (AMD) lagged the movement in the NASDAQ, a tech heavy index, for the day which gained +2.99% in prior day.

Advanced Micro Devices, Inc. (AMD) is focused on the Semiconductors sector. This stock market sector has seen some action from day traders in recent weeks. Bullish day traders of Advanced Micro Devices, Inc. (AMD) will be looking for positive upcoming earnings whereas bearish day traders of Advanced Micro Devices, Inc. (AMD) will be looking for negative earnings. The last time Advanced Micro Devices, Inc. (AMD) had an earnings surprise was on Qtr Ending 12/19 when they reported $0.27 compared to an estimate of $0.26 which was a difference of $+0.01 resulting in a change of +3.85%. Current earnings estimates are to be released for Current Qtr 03/2020 on Advanced Micro Devices, Inc. (AMD) and out of 9 Wall Street estimates the average is saying $0.14. The high estimate is saying $0.16 whereas the low estimate is saying $0.11 and the prior year Advanced Micro Devices, Inc. (AMD) announced earnings at $0.03 a growth rate est. (year over year) of +366.67%.

The market performance of Advanced Micro Devices, Inc. (AMD) has varied recently. Year to date Advanced Micro Devices, Inc. (AMD)’s shares are up 23.42%. Over the past 12 weeks Advanced Micro Devices, Inc. (AMD) is up 9.46% and over the last 4 weeks Advanced Micro Devices, Inc. (AMD) is up 42.14%. Advanced Micro Devices, Inc. (AMD) current income statement shows revenue (ttm) of $6.73B. Gross Profit is $2.87B. This puts the current EBITDA of Advanced Micro Devices, Inc. (AMD) at $853M.

Wall street day traders might also notice recent changes to stock analyst estimates for Advanced Micro Devices, Inc. (AMD). The stock is trading with an RSI (relative strength index) of 63.26 indicating Advanced Micro Devices, Inc. (AMD) is neither overbought nor oversold. Technically, AMD’s short term support levels are around $12.14, $174.19 and $165.30 on the downside. AMDs short term resistance levels are $23.72, $23.12 and $22.49 on the upside. The market cap of Advanced Micro Devices, Inc. (AMD) is $66.27B and institutions hold 75.79% of the stock. The outstanding share count stands at 1.13B while the short float (shares short) stands at 5.87%.

Stock market research shows that these financial estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Advanced Micro Devices, Inc. (AMD) has short term rating of Bullish (0.25), Intermediate rating of Bullish (0.33) and long-term rating of Neutral (-0.06) giving Advanced Micro Devices, Inc. (AMD) an overall rating of Neutral (0.18).

The EPS growth this year on Advanced Micro Devices, Inc. (AMD) is decreased -11.00% and is expected to increase 43.97% next year. However, quarterly earnings (EPS) growth year over year on Advanced Micro Devices, Inc. (AMD) has increased by 187.40% and quarterly revenue (Sales) growth year over year stands at 49.90%. Gross margin is detected at 42.60% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 5.10% while return on equity (ttm) is 15.70%.

Recent Developments:

2020-03-26 – Advanced Micro Devices – CEO’s FY 2019 Total Compensation Was $58.5 Mln.
2020-02-04 – AMD And Mercedes-AMG Petronas Formula One Team Announce Multi-Year Partnership.
2020-01-28 – AMD Reports Q4 Non-Gaap Earnings Per Share $0.32.
2019-12-03 – Advanced Micro Devices Enables Ecosystem for High-Performance Mini PCs Powered by AMD Ryzen™ Embedded Processors.
2019-11-19 – Amd Launches 7Nm Professional Pc Workstation Graphics Card for 3D Designers, Architects and Engineers.

About Company:

Advanced Micro Devices has strengthened its position in the semiconductor market on the back of its evolution as an enterprise-focus company from a pure-bred consumer-PC chip provider. AMD has emerged as a strong challenger to NVIDIA’s dominance in the graphic processing unit or GPU market based on its Radeon technology. Launch of 7 nanometer (nm)-based AMD Radeon RX 5700-series gaming graphics card family featuring RDNA architecture, high-speed GDDR6 (Graphics Double Data Rate type 6) memory and support for the PCIe 4.