Advanced Micro Devices, Inc. (AMD) is an interesting player in the Technology space, with a focus on Semiconductor – Broad Line. The stock has been active on the tape, currently trading at $11.27, up from yesterday’s close by 0.67%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. Advanced Micro Devices, Inc. (AMD) currently trades with a market capitalization of $10.59 Billion. That value represents a market adjusting for revenues that have been growing by 18.27 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For AMD, the company currently has $1.27 Billion of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $13 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $-0.03 on a per share basis this quarter. Perhaps, that suggests something about why 1.21% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Advanced Micro Devices, Inc. recorded a 52-week high of $15.55. It is now trading 4.28% off that level. The stock is trading $12.87 its 50-day moving average by 1.6%. The stock carved out a 52-week low down at $3.69.

In recent action, Advanced Micro Devices, Inc. (AMD) has made a move of -14.04% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 178.64, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 12.88% with $938.99 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AMD.

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