NASDAQ:AMD—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

Exploring Growth Potential: ADVANCED MICRO DEVICES (NASDAQ:AMD) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and ADVANCED MICRO DEVICES has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected ADVANCED MICRO DEVICES on our screen for growth with base formation, suggesting it merits a closer look.

A Closer Look at Growth for NASDAQ:AMD

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:AMD scores a 9 out of 10:

• AMD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.73%, which is quite good.
• Measured over the past years, AMD shows a very strong growth in Earnings Per Share. The EPS has been growing by 41.94% on average per year.
• Looking at the last year, AMD shows a quite strong growth in Revenue. The Revenue has grown by 9.88% in the last year.
• AMD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.49% yearly.
• AMD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 34.60% yearly.
• AMD is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.06% yearly.

Assessing Health for NASDAQ:AMD

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:AMD has received a 6 out of 10:

• An Altman-Z score of 10.11 indicates that AMD is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 10.11, AMD is in the better half of the industry, outperforming 75.93% of the companies in the same industry.
• The Debt to FCF ratio of AMD is 1.11, which is an excellent value as it means it would take AMD, only 1.11 years of fcf income to pay off all of its debts.
• AMD has a Debt to FCF ratio of 1.11. This is in the better half of the industry: AMD outperforms 79.63% of its industry peers.
• AMD has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
• A Current Ratio of 2.50 indicates that AMD has no problem at all paying its short term obligations.

Profitability Analysis for NASDAQ:AMD

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:AMD was assigned a score of 5 for profitability:

• The last Return On Invested Capital (1.69%) for AMD is well below the 3 year average (12.36%), which needs to be investigated, but indicates that AMD had better years and this may not be a problem.
• AMD has a Gross Margin of 48.38%. This is in the better half of the industry: AMD outperforms 60.19% of its industry peers.
• AMD's Gross Margin has improved in the last couple of years.

How does the Setup look for NASDAQ:AMD

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:AMD currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

Although the technical rating is bad, AMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 129.55. Right above this resistance zone may be a good entry point.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Our latest full fundamental report of AMD contains the most current fundamental analsysis.

Our latest full technical report of AMD contains the most current technical analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.