AMD closed lower than the market, with a 17.83% drop in the last month

From NASDAQ MarketSite.: 2024-04-08 17:45:19

Advanced Micro Devices (AMD) closed at $169.90, a -0.31% change from the previous day. In the last month, AMD shares fell 17.83%, while the tech sector gained 4.26%. Analysts predict earnings of $0.60 per share and revenue of $5.42 billion, with yearly estimates showing positive growth.

AMD’s stock changes are closely linked to analyst estimate revisions. The Zacks Rank system tracks these changes to provide actionable ratings. With a rank of #3 (Hold) and forward P/E ratio of 49.23, AMD is trading at a premium compared to its industry peers. The industry Zacks Rank is in the bottom 27%.

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Read more at NASDAQ MarketSite.: Advanced Micro Devices (AMD) Registers a Bigger Fall Than the Market: Important Facts to Note