Applied Materials Inc. (AMAT) concluded trading on Wednesday at a closing price of $208.00, with 3.06 million shares of worth about $636.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.13% during that period and on March 27, 2024 the price saw a gain of about 0.64%. Currently the company’s common shares owned by public are about 833.00M shares, out of which, 827.94M shares are available for trading.
Stock saw a price change of 1.43% in past 5 days and over the past one month there was a price change of 2.53%. Year-to-date (YTD), AMAT shares are showing a performance of 28.34% which increased to 74.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $109.00 but also hit the highest price of $214.91 during that period. The average intraday trading volume for Applied Materials Inc. shares is 6.47 million. The stock is currently trading 1.31% above its 20-day simple moving average (SMA20), while that difference is up 10.44% for SMA50 and it goes to 33.44% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Applied Materials Inc. (NASDAQ: AMAT) currently have 833.00M outstanding shares and institutions hold larger chunk of about 83.28% of that.
The stock has a current market capitalization of $172.83B and its 3Y-monthly beta is at 1.59. PE ratio of stock for trailing 12 months is 24.46, while it has posted earnings per share of $8.50 in the same period. Its PEG reads 1.63 and has Quick Ratio of 1.91 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMAT, volatility over the week remained 2.03% while standing at 2.34% over the month.
Analysts are in expectations that Applied Materials Inc. (AMAT) stock would likely to be making an EPS of $1.99 in the current quarter, while forecast for next quarter EPS is $1.98 and it is $9.54 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.95 which is $2.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.78 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.71% while it is estimated to increase by 15.75% in next year. EPS is likely to shrink at an annualized rate of 14.97% for next 5-years, compared to annual growth of 22.34% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on February 16, 2024 offering an Outperform rating for the stock and assigned a target price range of between $185 and $245 to it. Coverage by Cantor Fitzgerald stated Applied Materials Inc. (AMAT) stock as a Neutral in their note to investors on January 23, 2024, suggesting a price target of $180 for the stock. On December 12, 2023, TD Cowen Reiterated their recommendations, while on November 22, 2023, Redburn Atlantic Upgrade their ratings for the stock with a price target of $175. Stock get an Outperform rating from TD Cowen on November 17, 2023.
