Applied Materials Inc [NASDAQ: AMAT] traded at a low on Monday, posting a -0.19 loss after which it closed the day’ session at $174.55.
The results of the trading session contributed to over 8919933 shares changing hands. Over the past one week, the price volatility of Applied Materials Inc stands at 2.34% while the volatility over the past one month is 2.41%.
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The market cap for AMAT stock reached $143.19 billion, with 833.00 million shares outstanding and 821.85 million shares in the current float. Compared to the average trading volume of 6.60M shares, AMAT reached a trading volume of 8919933 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $219.87 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 1.82. 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.
TD Cowen have made an estimate for Applied Materials Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $165 to $225. The new note on the price target was released on June 05, 2024, representing the official price target for Applied Materials Inc stock. Previously, the target price had yet another raise from $245 to $250, while TD Cowen kept a Buy rating on AMAT stock. On May 13, 2024, analysts decreased their price target for AMAT shares from 215 to 210.
The Average True Range (ATR) for Applied Materials Inc is set at 5.72, with the Price to Sales ratio for AMAT stock in the period of the last 12 months amounting to 5.27. The Price to Book ratio for the last quarter was 7.64, with the Price to Cash per share for the same quarter was set at 11.55. Price to Free Cash Flow for AMAT in the course of the last twelve months was 19.12 with Quick ratio for the last quarter at 1.87.
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 2.24. With this latest performance, AMAT shares dropped by -6.42% in over the last four-week period, additionally sinking by -21.13% over the last 6 months – not to mention a rise of 16.10% 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 41.53, with the RSI for the last a single of trading hit 41.19, and the three-weeks RSI is set at 42.45 for Applied Materials Inc [AMAT]. The present Moving Average for the last 50 days of trading for this stock 189.58, while it was recorded at 173.00 for the last single week of trading, and 204.02 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 1.87 and a Current Ratio set at 2.51.
Earnings analysis for Applied Materials Inc [AMAT]
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 11.23%.
Insider trade positions for Applied Materials Inc [AMAT]
There are presently around $83.85%, or 84.10%% 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%.
