Applied Materials Inc. (NASDAQ:AMAT) price on Thursday, August 26, fall -0.44% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $132.24.
A look at the stock’s price movement, the level at last check in today’s session was $132.82, moving within a range at $131.44 and $134.20. The beta value (5-Year monthly) was 1.45 while the PE ratio in trailing twelve months stood at 27.68. Turning to its 52-week performance, $146.00 and $54.15 were the 52-week high and 52-week low respectively. Overall, AMAT moved -1.54% over the past month.
Applied Materials Inc.’s market cap currently stands at around $123.30 billion, with investors looking forward to this quarter’s earnings report slated for Nov 18, 2021. The company has a Forward Dividend ratio of 0.96, with its dividend yield at 0.72%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.77, which has seen fiscal year 2021 EPS growth forecast to increase to $6.58 and about $7.35 for fiscal year 2022. Per the data, EPS growth is expected to be 57.80% for 2021 and 11.70% for the next financial year.
Analysts have a consensus estimate of $5.94 billion for the company’s revenue for the quarter, with a low and high estimate of $5.9 billion and $6.05 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $22.76 billion, representing a 32.30% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AMAT is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
30 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 21 recommend AMAT as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.07, with AMAT’s current price about -2.16% and -2.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.90, while 7-day volatility ratio is 3.25% and 2.92% in the 30-day chart. Further, Applied Materials Inc. (AMAT) has a beta value of 1.46, and an average true range (ATR) of 4.19. Analysts have given the company’s stock an average 52-week price target of $162.43, forecast between a low of $125.00 and high of $195.00. Looking at the price targets, the low is 5.47% off recent price level in today’s trading while to achieve the yearly target high, it has to move -47.46%. Nonetheless, investors will most likely welcome a -23.68% jump to $163.55 which is the analysts’ median price.
In the market, a comparison of Applied Materials Inc. (AMAT) and its peers suggest the former has performed considerably weaker. Data shows AMAT’s intraday price has changed -0.44% today and 107.37% over the past year. Comparatively, Broadcom Inc. (AVGO) has moved -0.01% so far today and only 43.81% in the past 12 months. Looking at another peer, we see that Texas Instruments Incorporated (TXN) price has dipped -0.46% on the day. However, the stock is 32.78% off its price today a year ago. Moreover, QUALCOMM Incorporated (QCOM) is also down -1.31% in today’s trading while keeping a an uptrend of 24.08% over the past year. If we look at the PE ratio, we find that Applied Materials Inc.’s ratio stands at 27.68 compared to Broadcom Inc.’s 44.95 and Texas Instruments Incorporated’s 26.23. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.35% and -0.16% respectively on the day as seen in early trades.
If we refocus on Applied Materials Inc. (NASDAQ:AMAT), historical trading data shows that trading volumes averaged 7.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 918.00 million shares.
The 0.40% of Applied Materials Inc.’s shares are in the hands of company insiders while institutional holders own 79.10% of the company’s shares. Current price change has pushed the stock 53.90% 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.