Stocks Under $10: Advanced Micro Devices Gets Downgraded to Sell

Richard Suttmeier |


AMDAdvanced Micro Devices (AMD) – was recently been downgraded to a Sell rating according to ValuEngine with fair value at 5.92, which makes the stock 28.0% undervalued. The one-year price target is $3.93. ValuEngine Profile – “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today's world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD's three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD's dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.”

Analysis – The daily chart for AMD shows overbought momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $3.22, $2.82 and $2.87. My weekly value level is $3.28 with my semiannual risky level at $5.67.


Courtesy of Thomson / Reuters

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

AMD

ADVANCED MICRO DEVICES

4.38

5.92

3.93

-36.89

-14.04

N/A

 

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