Applied Materials Inc. (NASDAQ:AMAT) traded at $223.47 at close of the session on Monday, July 22, made an upward move of 6.28% on its previous day’s price.
Looking at the stock we see that its previous close was $210.26 . The company has a trailing 12-month PE ratio of 25.68. In terms of its 52-week price range, AMAT has a high of $255.89 and a low of $129.21. The company’s stock has lost about -6.88% over that past 30 days.
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Applied Materials Inc. has a market cap of $185.03 billion. With its Forward Dividend at 1.36 and a yield of 0.61%, the company’s investors could be anxious for the AMAT stock to gain ahead of the earnings release.
Based on estimates by 25 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Applied Materials Inc. (AMAT) stock as a Hold, while 19 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the AMAT stock currently stands at 1.67, and the current price level is -5.73% off its SMA20 and -1.88% from its 50-day simple moving average. The RSI (14) is pointing at 43.85 while the volatility over the past week is 4.37% and jumps to 3.03% over the past one month. The beta value is 1.55, while the average true range (ATR) is currently pointing at 8.51. The average price target for the stock over the next 12 months is $210, with the estimates having a low of $99 and a high of $260. These price ends are 55.7% and -16.35% off the current price level respectively, although investors could be excited at the prospect of a 6.03% if the AMAT share price touches on the median price of $210.
Coming back to Applied Materials Inc. (NASDAQ:AMAT), we note that the average 3-month trading volume was 5.12 million, while that of the preceding 10-day period stands at 6.02 million. Current shares outstanding are 833.00 million.
The insiders hold 0.37% of the company’s shares while institutions hold 80.43%. The data shows that short shares as of 2024-06-28, stood at 15.62 million at a short ratio of 2.71. This represents a 1.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.89000000000000011.8900000000000001 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 15.59 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 37.88% up in year-to-date price movement.
