Applied Materials Inc. [NASDAQ: AMAT] stock went on an upward path that rose over 2.22% on Friday, amounting to a one-week price decrease of less than -2.67%.
Over the last 12 months, AMAT stock rose by 30.68%. The one-year Applied Materials Inc. stock forecast points to a potential upside of 18.37. The average equity rating for AMAT stock is currently 1.81, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $162.62 billion, with 833.00 million shares outstanding and 821.86 million shares in the current float. Compared to the average trading volume of 6.36M shares, AMAT stock reached a trading volume of 7309039 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $241.64 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 8.19, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 6.06. The Price to Book ratio for the last quarter was 8.63, with the Price to Cash per share for the same quarter was set at 11.04. Price to Free Cash Flow for AMAT in the course of the last twelve months was 24.77 with Quick ratio for the last quarter at 2.09.
AMAT Stock Performance Analysis:
Applied Materials Inc. [AMAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.67. With this latest performance, AMAT shares gained by 0.49% in over the last four-week period, additionally sinking by -6.18% over the last 6 months – not to mention a rise of 30.68% 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 45.56, with the RSI for the last a single of trading hit 46.38, and the three-weeks RSI is set at 45.36 for Applied Materials Inc. [AMAT]. The present Moving Average for the last 50 days of trading for this stock 214.74, while it was recorded at 195.03 for the last single week of trading, and 195.01 for the last 200 days.
Insight into Applied Materials Inc. 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.
AMAT Stock EPS
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%.
Applied Materials Inc. [AMAT] Institutonal Ownership Details
There are presently around $84.55%, or 84.80%% of AMAT stock, in the hands of institutional investors. The top three institutional holders of AMAT stocks are: BLACKROCK INC. with ownership of 79.11 million shares, which is approximately 9.5314%. VANGUARD GROUP INC, holding 76.12 million shares of the stock with an approximate value of $$17.96 billion in AMAT stocks shares; and VANGUARD GROUP INC, currently with $$9.0 billion in AMAT stock with ownership which is approximately 4.5946%.
