Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Advanced Micro Devices Inc (NASDAQ: AMD) fell significantly from A to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Advanced Micro Devices Inc (NASDAQ: AMD) stock closed at $134.27 on 8/9/24 after a modest decline of -1.5%. However, trading volume in this decline was below average at 74% of normal. The stock has risen 1.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AMD is expected to continue to be an important Value Builder.
Advanced Micro Devices has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Advanced Micro Devices has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 63, producing the High Neutral Value Trend Rating.
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