Applied Materials Inc. (NASDAQ:AMAT) price on Friday, May 10, rose 1.41% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $209.24.
A look at the stock’s price movement, the level at last check in today’s session was $206.33. The PE ratio in trailing twelve months stood at 24.61. Turning to its 52-week performance, $214.91 and $113.91 were the 52-week high and 52-week low respectively. Overall, AMAT moved -1.75% over the past month.
Applied Materials Inc.’s market cap currently stands at around $173.86 billion. The company has a Forward Dividend ratio of 1.28, with its dividend yield at 0.61%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 6.08B for the company’s revenue for the quarter, with a low and high estimate of 6.05B and 6.32B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 24.86B, representing a -6.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMAT is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.73, with AMAT’s current price about 4.20% and 2.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.46, while 7-day volatility ratio is 1.79% and 2.73% in the 30-day chart. Further, Applied Materials Inc. (AMAT) has a beta value of 1.56, and an average true range (ATR) of 5.49.
If we refocus on Applied Materials Inc. (NASDAQ:AMAT), historical trading data shows that trading volumes averaged 5.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 833.00 million shares.
The 0.37% of Applied Materials Inc.’s shares are in the hands of company insiders while institutional holders own 83.87% of the company’s shares. Current price change has pushed the stock 29.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMAT stock continues to rise going into the next quarter.
