Applied Materials Inc. (NASDAQ:AMAT) shares, rose in value on Thursday, April 25, with the stock price down by -0.62% to the previous day’s close as strong demand from buyers drove the stock to $194.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $196.06. The PE ratio was 22.92 over 12-month period. Referring to stock’s 52-week performance, its high was $214.91, and the low was $109.15. On the whole, AMAT has fluctuated by -5.72% over the past month.
The company’s Forward Dividend Ratio is 1.28, with its dividend yield at 0.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26.75B, with a low estimate of 6.5B and a high estimate of 6.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AMAT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 1.61, with the price of AMAT currently trading nearly -4.38% and -3.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.95, while the 7-day volatility ratio is showing 2.89% which for the 30-day chart, stands at 2.77%. Furthermore, Applied Materials Inc. (AMAT)’s beta value is 1.58, and its average true range (ATR) is 5.95.
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 -0.62% in today’s session so far, and over the past year, it grew by 76.15%%.
Data on historical trading for Applied Materials Inc. (NASDAQ:AMAT) indicates that the trading volumes over the past 3 months, they’ve averaged 6.06 million. According to company’s latest data on outstanding shares, there are 833.00 million shares outstanding.
Nearly 0.37% of Applied Materials Inc.’s shares belong to company insiders and institutional investors own 83.25% of the company’s shares. The stock has risen by 20.22% 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.
