Applied Materials Inc. (NASDAQ:AMAT) price is hovering lower on Wednesday, April 17, dropping -3.72% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $209.48. The company’s P/E ratio in the trailing 12-month period read 23.72. Taking into account the 52-week price action we note that the stock hit a 52-week high of $214.91 and 52-week low of $109.00. The stock added 0.47% on its value in the past month.
Applied Materials Inc., which has a market valuation of $167.58 billion. The company stock has a Forward Dividend ratio of 1.28, while the dividend yield is 0.63%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMAT a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.66. The overview shows that AMAT’s price is at present -2.92% off the SMA20 and 0.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.95, with weekly volatility standing at 2.56%. The indicator jumps to 2.50% when calculated based on the past 30 days. Applied Materials Inc. (NASDAQ:AMAT)’s beta value is holding at 1.56, while the average true range (ATR) indicator is currently reading 6.05.
An analysis of the Applied Materials Inc. (NASDAQ:AMAT) stock in terms of its daily trading volume indicates that the 3-month average is 6.23 million.
Current records show that the company has 833.00M in outstanding shares. The insiders’ percentage holdings are 0.37% of outstanding shares while the percentage share held by institutions stands at 83.30%. But the 24.44% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
