Applied Materials Inc. (AMAT) concluded trading on Wednesday at a closing price of $199.89, with 6.32 million shares of worth about $1.26 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.77% during that period and on April 17, 2024 the price saw a loss of about -4.58%. Currently the company’s common shares owned by public are about 833.00M shares, out of which, 827.82M shares are available for trading.
Stock saw a price change of -4.47% in past 5 days and over the past one month there was a price change of -0.42%. Year-to-date (YTD), AMAT shares are showing a performance of 23.34% which increased to 78.81% 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 6.23 million. The stock is currently trading -3.78% below its 20-day simple moving average (SMA20), while that difference is down -0.17% for SMA50 and it goes to 24.45% higher than SMA200.
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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 $166.09B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 23.51, while it has posted earnings per share of $8.50 in the same period. Its PEG reads 1.65 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 3.12% while standing at 2.63% over the month.
Analysts are in expectations that Applied Materials Inc. (AMAT) stock would likely to be making an EPS of $TMAT in the current quarter, while forecast for next quarter EPS is $24.70 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $American Tower Corporation (REI which is $Meta Materials Inc. 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 $Mattel, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.47% while it is estimated to increase by 15.71% in next year. EPS is likely to shrink at an annualized rate of 14.25% 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 Evercore ISI on April 16, 2024 offering an Outperform rating for the stock and assigned a target price of $260 to it. Coverage by Deutsche Bank stated Applied Materials Inc. (AMAT) stock as a Hold in their note to investors on April 11, 2024, suggesting a price target of $225 for the stock. On April 08, 2024, Cantor Fitzgerald Upgrade their recommendations, while on February 16, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $245. Stock get a Neutral rating from Cantor Fitzgerald on January 23, 2024.
