Advanced Micro Devices (AMD) stock falls 1.81%, underperforming S&P 500 and Nasdaq

From Nasdaq: 2024-04-15 17:45:19

In the latest market close, Advanced Micro Devices (AMD) saw a movement of -1.81% to $160.32, underperforming the S&P 500 and the Nasdaq. Over the last month, AMD shares lost 14.54%. Analysts predict earnings per share of $0.59 and revenue of $5.42 billion for the upcoming quarter.

For the fiscal year, estimates project earnings of $3.44 per share and revenue of $25.2 billion for Advanced Micro Devices. Recent estimate revisions and the Zacks Rank system indicate potential stock price performance. AMD currently holds a Zacks Rank of #3 (Hold).

Advanced Micro Devices’ valuation metrics include a Forward P/E ratio of 47.53 and a PEG ratio of 1.91, above industry averages. The Electronics – Semiconductors industry, where AMD operates, has a Zacks Industry Rank of 177, placing it in the bottom 30% of all industries. Stay updated on these metrics using Zacks.com.

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Read more at Nasdaq: Advanced Micro Devices (AMD) Falls More Steeply Than Broader Market: What Investors Need to Know