Advanced Micro Devices, Inc. Balance Sheet Would Improve

(NASDAQ:AMD) fell -2.26% in trading session and finally closed at $7.34. The stock recent traded volume was higher as compared with its average volume of 30179800 shares. The last close places the company’s stock about $0.66 off its 52 week high of $8 and $5.69 above the 52 week low of $1.65. ENB market capitalization is $41.88B with 8652 employees. Company shares were Reiterated by Mizuho on Sep 1, 2016 to “Neutral”, Firm has raised the Price Target to $ 7 from a previous price target of $5.50.Company shares were Reiterated by Canaccord Genuity on Aug 25, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $7.50.Company shares were Reiterated by Mizuho on Jul 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4.50. However, AMD shares still plunged 6.18% to $6.89 at 12:34 PM EDT today. The graphics processor unit (GPU) maker aims to use these proceeds to either buy outstanding senior notes or to pay back debt from its credit facility.

While looking at the Stock’s Performance, Advanced Micro Devices, Inc. now shows a Weekly Performance of -3.29%, where Monthly Performance is 11.04%, Quarterly performance is 62.75%, 6 Months performance is 219.13% and yearly performance percentage is 303.3%. These analysts have also projected a Low Estimate of $-0.02/share and a High Estimate of $0.01/share. “5” said as “SELL” recommendations and “1” suggested “UNDERWEIGHT” rating. 9 analysts have rated the company as a strong “Hold”.

A number of Reuters analysts recently commented on the stock. The average analysts gave this company a mean recommendation of 2.40.

Advanced Micro Devices (AMD) has risen sharply, recording gains of 13.62% in the past 4 weeks. It maintained return on assets (ROA) for the last twelve months at 48.31%.

ATR value of company was 0.32 and Relative Strength Index (RSI) was 59.27. It seems safe to assume some of the activity is of the buy-to-open kind, meaning put buyers expect the stock to extend its retreat through tomorrow’s close, when the weekly options expire. The share price is trading in a range of $6.78 – 7.07. The average volume stands around 29.3 million shares. According to these analysts, the Low Revenue Estimate for Advanced Micro Devices, Inc.is 1.2 Billion and the High Revenue Estimate is 1.22 Billion.

NYMEX crude oil futures added 1.38 percent to $45.45 while Brent contracts climbed 1.29 percent to finish at 47.87. The most bullish and bearish price target for the stock is $9 and $2 respectively for the short term. The company has a market cap of $448.85 billion and the numbers of outstanding shares have been calculated to be 7.79 billion shares. Now the company has earned “Buy” from 4 equity analysts. Lipacis has a success rate of 79% and is ranked #9 out of 4147 analysts, while Rakesh has a success rate of 71.5% and is ranked #15. Finally, BMO Capital Markets reissued a hold rating on shares of Advanced Micro Devices in a research note on Sunday, July 10th.