Stock Rating Downgrade
In the last week the Value Trend Rating for Advanced Micro Devices Inc (NASDAQ: AMD) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Advanced Micro Devices Inc (NASDAQ: AMD) stock declined modestly by -1.9% on 9/27/24. The stock closed at $164.35. However, this decline was accompanied by unusually low trading volume at 60% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.9% during the last week.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Advanced Micro Devices has a neutral Appreciation Score of 58 but a poor Power Rating of 26, triggering the Negative Value Trend Rating.