Applied Materials Inc. [NASDAQ: AMAT] slipped around -3.93 points on Friday, while shares priced at $207.90 at the close of the session, down -1.86%.
Compared to the average trading volume of 6.23M shares, AMAT reached a trading volume of 11574862 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Applied Materials Inc. [AMAT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMAT shares is $242.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMAT stock is a recommendation set at 1.81. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Applied Materials Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 05, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $245 to $250. The new note on the price target was released on May 17, 2024, representing the official price target for Applied Materials Inc. stock. Previously, the target price had yet another drop from $215 to $210, while Jefferies kept a Hold rating on AMAT stock.
The Average True Range (ATR) for Applied Materials Inc. is set at 10.10, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 6.42. The Price to Book ratio for the last quarter was 9.46, with the Price to Cash per share for the same quarter was set at 10.99. Price to Free Cash Flow for AMAT in the course of the last twelve months was 26.22 with Quick ratio for the last quarter at 2.09.
How has AMAT stock performed recently?
Applied Materials Inc. [AMAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.75. With this latest performance, AMAT shares dropped by -4.48% in over the last four-week period, additionally plugging by 10.79% over the last 6 months – not to mention a rise of 50.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMAT stock in for the last two-week period is set at 50.98, with the RSI for the last a single of trading hit 56.27, and the three-weeks RSI is set at 49.01 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 221.55, while it was recorded at 203.05 for the last single week of trading, and 192.07 for the last 200 days.
Applied Materials Inc. [AMAT]: Deeper insight into the fundamentals
Applied Materials Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.09 and a Current Ratio set at 2.86.
Earnings analysis for Applied Materials Inc. [AMAT]
With the latest financial reports released by the company, Applied Materials Inc. posted 2.12/share EPS, while the average EPS was predicted by analysts to be reported at 2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Applied Materials Inc. go to 15.60%.
Insider trade positions for Applied Materials Inc. [AMAT]
The top three institutional holders of AMAT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AMAT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AMAT stock with ownership which is approximately 5.1238%.
