Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Hold Rating At Canaccord Genuity

Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Hold Rating At Canaccord Genuity

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In a research note to investors, Canaccord Genuity Reiterated Rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a Hold and no price target.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading -3.35% at the time of writing on the news and in the range of 2.01 – 2.07 for the current session. In taking a deeper look at the stock and where it might be headed, brokerage firms on Wall Street currently have a consensus one year price target of 2.46 on the shares. This is according to analysts surveyed by Thomson Reuters First Call. The sell-side analysts are projecting earnings per share of -0.08 for the next fiscal quarter. For the current year, analysts are predicting earnings of -0.24 per share according to First Call.

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.

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