The past few years have been quite good for the company Advanced Micro Devices Inc. (NASDAQ: AMD) as it has shown ample growth and has given very tough competition to its arch-rival firm i.e. Intel Corporation (NASDAQ: INTC). Its growth is so very well evident that it even grew up higher and emerged out to be better than Intel. Even though after the earnings report of the final quarter of 2020, which came out to be good enough, the stock of the firm is a little down, yet let us put into consideration all the aspects as to whether AMD stock is a good buy or not?
Advanced Micro Devices and Its Growth in the Recent Past
This company has seen a rough period in the past and even the time when the firm was at the stage of becoming bankrupt but then it bounced back so well in the field that it carved out its name and established itself even when the very tough competition was there. The company has prospered financially and that has increased the value of its stock. Growing from the stage of bankruptcy and then becoming technically so advanced that it left even Intel behind.
The company is going on a good track and if it keeps on progressing in the same way, then we can expect even better times to come shortly for the company.
Advanced Micro Devices Inc. (NASDAQ: AMD): Earnings Report and Statistical Summary
Earnings Report of the Last Quarter of 2020
The firm has shown good growth in the 4th quarter earnings. The sales of the company have come out to be $3.24 billion which have risen wholesomely by 53% (year-over-year basis) and the earnings per share have come out to be 52 cents which have increased by as much as 63% (year-over-year basis). The report was better than as it was estimated by the analysts, which is another good point for the company. The firm plans on giving better results in the first quarter of 2021 as well.
Latest Statistics and Figures
- 52 Week Range: $36.75 – $99.23
- Average Volume: 42,967,214
- Market Capital: $113.585B
- Forward Dividend and Yield: N/A (N/A)
AMD Stock: Good for Purchasing Now or Not?
There is no firm answer to this question because even if AMD stock has shown good performance in the recent past, it is still not the very best stock for buying. One reason is that it has gone down after it reported the last quarter earnings and that is a drawback for the company. If we ignore this factor and consider the consistent and smooth growth of the company, then it makes the stock good for buying. One thing is however very sure; the company is not going to fall soon. The company is growing well and also defeating its rivals along with. The investors can take up the decision as per the need and the availability of stocks with better prospects.