Applied Materials Inc (NASDAQ:AMAT) shares, rose in value on Wednesday, May 07, with the stock price up by 1.82% to the previous day’s close as strong demand from buyers drove the stock to $155.81.
Actively observing the price movement in the last trading, the stock closed the session at $153.03. The PE ratio was 20.38 over 12-month period. Referring to stock’s 52-week performance, its high was $255.89, and the low was $123.74. On the whole, AMAT has fluctuated by 17.28% over the past month.
With the market capitalization of Applied Materials Inc currently standing at about $126.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 1.03%.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.50, with the price of AMAT currently trading nearly 6.13% and 4.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.22, while the 7-day volatility ratio is showing 2.32% which for the 30-day chart, stands at 4.38%. Furthermore, Applied Materials Inc (AMAT)’s beta value is 1.69, and its average true range (ATR) is 6.10.
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 1.82% in last session, and over the past year, it shrunk by -23.66%%.
Data on historical trading for Applied Materials Inc (NASDAQ:AMAT) indicates that the trading volumes over the past 3 months, they’ve averaged 7.89 million. According to company’s latest data on outstanding shares, there are 812.44 million shares outstanding.
Nearly 0.26% of Applied Materials Inc’s shares belong to company insiders and institutional investors own 82.10% of the company’s shares. The stock has fallen by -4.19% 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.
