Applied Materials Inc. (NASDAQ:AMAT) shares, rose in value, with the stock price up by 2.19% to the previous day’s close as strong demand from buyers drove the stock to $207.85.
Actively observing the price movement in the last trading, the stock closed the session at $203.39. The value of beta (5-year monthly) was 1.59 whereas the PE ratio was 24.45 over 12-month period. Referring to stock’s 52-week performance, its high was $214.91, and the low was $109.00. On the whole, AMAT has fluctuated by -2.04% over the past month.
With the market capitalization of Applied Materials Inc. currently standing at about $172.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 16, 2024. The company’s Forward Dividend Ratio is 1.28, with its dividend yield at 0.62%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.99, which is expected to increase to $2.25 for fiscal year $8.25 and then to about $9.54 by fiscal year 2025. Data indicates that the EPS growth is expected to be 2.50% in 2025, while the next year’s EPS growth is forecast to be 15.60%.
Analysts have estimated the company’s revenue for the quarter at $6.54 billion, with a low estimate of $6.5 billion and a high estimate of $6.8 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $26.75 billion, representing an increase of 0.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AMAT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.63, with the price of AMAT currently trading nearly 1.20% and 7.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.56, while the 7-day volatility ratio is showing 3.01% which for the 30-day chart, stands at 2.48%. Furthermore, Applied Materials Inc. (AMAT)’s beta value is 1.58, and its average true range (ATR) is 6.00.
A comparison of Applied Materials Inc. (AMAT) with its peers suggests the former has fared considerably weaker in the market. AMAT showed an intraday change of 2.19% in last session, and over the past year, it grew by 73.04%%.
Data on historical trading for Applied Materials Inc. (NASDAQ:AMAT) indicates that the trading volumes over the past 10 days have averaged 4.27 million and over the past 3 months, they’ve averaged 6.40 million. According to company’s latest data on outstanding shares, there are 833.00 million shares outstanding.
Nearly 0.36% of Applied Materials Inc.’s shares belong to company insiders and institutional investors own 83.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.93 million shares as on Mar 15, 2024, resulting in a short ratio of 1.71. According to the data, the short interest in Applied Materials Inc. (AMAT) stood at 1.56% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.31 million. The stock has risen by 28.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AMAT stock heading into the next quarter.
