(VIANEWS) – AMD is one of the largest semiconductormanufacturers in the world and is focused on the computing and graphics sector. Advanced Micro Devices competes with Intel in the laptopchip market. New Ryzen chips from the company have made them a formidable competitor to Intel. This sector has been the focus of much attention as many companies have complained about semiconductor chip shortages.
FXStreet reported that Advanced Micro Devices (AMD), reported solid earnings following the Tuesday close. This follows the April results which were also well above estimates. It was Q2 2021 earnings this time. AMD posted Earnings per Share (EPS), $0.63, compared to the Wall Street average estimate of $0.54. The revenue was $3.85 Billion, compared to the $3.62 Billion estimate. AMD raised its revenue guidance for the full year from approximately 50% to 60%. AMD has raised its Q3 revenue guidance from $4.1 billion to $3.8 billion. Analysts have estimated an average consensus at $3.8 billion.
Shares of AMD (AMD) jumped by a staggering 24.2% in 14 days from $85.5 to $106.19 at 17:18 EST on Friday, after two consecutive sessions in a row of gains. NASDAQ Composite is sliding 0.71% to $14,672.68, after two sequential sessions in a row of gains.
AMD’s last close was $102.95, 3.76% below its 52-week high of $106.97.
Today’s last reported volume for AMD is 124930841 which is 184.78% above its average volume of 43868880.
AMD’s sales growth is 87.1% for the present quarter and 48.7% for the next. The company’s growth estimates for the ongoing quarter and the next is 200% and 36.6%, respectively.
Year-on-year quarterly revenue growth grew by 92.9%, now sitting on 11.42B for the twelve trailing months.
AMD’s last week, last month’s, and last quarter’s current volatility was 1.85%, 0.47%, and 1.51%, respectively.
AMD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 2.46% (last week), 1.77% (last month), and 1.51% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
AMD’s stock is considered to be oversold (<=20).
AMD’s Stock Yearly Top and Bottom Value
AMD’s stock is valued at $106.19 at 17:18 EST, under its 52-week high of $106.97 and way higher than its 52-week low of $72.50.
AMD’s Moving Average
AMD’s value is way above its 50-day moving average of $87.95 and way higher than its 200-day moving average of $84.08.
Previous days news about AMD (AMD)
AMD gives optimistic outlook, beats estimates, on strong demand. According to Bloomberg Quint on Tuesday, 27 July, “Santa Clara, California-based AMD reported second-quarter profit that more than tripled to $710 million, or 58 cents a share, beating analysts’ estimates. ”
Advanced micro devices inc (AMD) stock news and forecast: why is AMD up? earnings beat estimates. According to FXStreet on Wednesday, 28 July, “Currently in Wednesday’s premarket session, AMD stock is trading at $92.40 for a gain of 1.5%.”, “Strong numbers to continue the strong performance and trend of recent quarters and AMD immediately jumped nearly 2% on the back of those numbers. ”
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