While Advanced Micro Devices, Inc. (NYSE:AMD) was heading straight into earnings report on Thursday investors were cautious about warning signs from competitors including Intel Corporation.
Company’s shares jumped 10 percent just an hour before the earnings release. The results were far better than Wall Street estimates however the rally no longer remained consistent after its shares reduced 4 percent from a day earlier rally. Company’s shares have lost nearly 70 percent of their value over the past year.
In order to get back on track the company has to streamline its business out from the traditional PCs division into mobile devices, like tablets and smartphones. Company is on the verge to execute new product plans in the current year. Company is also planning to launch a new range of Temash processors for mobile devices. Intel intends to plant its big feet in the road ahead to blow headwinds at its smaller rival AMD.
Stock of Advanced Micro Devices, Inc. (NYSE:AMD) in premarket remained unchanged at $2.47 that is equal to the last session closing price.
AMD stock price saw week’s volatility of 4.78% and month’s volatility is 4.64%, while the stock price of the company is moving down from its 20 days moving average with -0.56% and isolated negatively from 50 days moving average with -3.30%.
Looking at Analytic Ratios; the price to sales ratio of AMD in past twelve months was calculated as 0.36 and price to cash ratio as 1.76. Company return on equity ratio is recorded as -100.75% and its return on assets is -16.82% and return on investment is -28.88%.