Advanced Micro Devices, Inc. (NASDAQ:AMD) [Trend Analysis] shows fluctuation in active trade, on Monday shares surged 8.24% to $7.62. Advanced Micro Devices (AMD) announcement that its “Zen” processor core achieved a 40% improvement in instructions-per-clock as compared to previous versions of the processor.
Oppenheimer consequently noted that AMD impressed those who saw the chip’s initial performance metrics “in a manner we haven’t seen from the firm in a decade,” Barron’s reports. Canaccord Genuity updated its “buy” rating on the stock, noting that AMD’s “turnabout is gaining steam.”
“While we recognize that roadmap execution, competition and financial risks remain, we remain impressed with the new management team and our anticipates assume only modest share recovery in core markets that should yield material upside to consensus and a quick recovery to solid profitability given lower expenses necessitated by the firm’s recent struggles,” the firm stated in a note cited by Barron’s.
The 52-week high of the share price is 6.43% and 52-week low of the share price is 361.82%. Current stock price is in the upbeat territory taking into account of 20 days moving average with 14.71% and continued bullish run for 50 days moving average with 34.64%.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a firm was calculated 1.60. To take look on ration of tradable shares being shorted in market, float short ration was 9.53%, as compared to sentiment indicator; Short Ratio was 2.50. Taking notice in average true range, it was 0.35.
Cypress Semiconductor Corporation (NASDAQ:CY) [Trend Analysis] tries to capture market sentiments, shares dropped -0.44% to $11.30.
When calculating EPS anticipates for the current year from sell-side analysts, the Price to current year EPS stands at 119.00%. Investors looking additional ahead will note that the Price to next year’s EPS is 71.40%. (What Market Forces Produce Volatility in NASDAQ:CY Share? Find Free Report Here)
As for as concerns shares volumes, in share of capital Cypress Semiconductor Corporation (NASDAQ:CY) has 322.60 million outstanding shares amid them 306.86 million shares have been floated in market exchange. CY institutional ownership remained 98.60% while insider ownership included 4.10%. The firm attains analyst recommendation of 2.50 with week’s performance of 2.73%
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