In a research note to investors, Canaccord Genuity Reiterated Rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a Hold and no price target.
In looking at where the stock is trading on a technical level, the stock is trading -14.83% away from its 50 day moving average of 2.37. Based on the most recent available data, the equity is -57.92% off of its 52-week high of 4.80 and +0.50% away from its 52-week low which is 2.01.
In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at N/A. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at N/A. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is N/A.
Today, the stock opened at 2.07 and the last bid at the time of writing stood at 2.02. During the session thus far, the equity dipped down to 2.01 and touched 2.07 as the high point. Advanced Micro Devices has a market cap of 1.57B and has seen an average daily volume of 16188500 over the past three months.