Applied Materials Inc (NASDAQ:AMAT) shares, rose in value, with the stock price up by 0.17% to the previous day’s close as strong demand from buyers drove the stock to $169.36.
Actively observing the price movement in the recent trading, the stock is buoying the session at $169.08, falling within a range of $168.0 and $171.53. The value of beta (5-year monthly) is 1.551 whereas the PE ratio is 19.67 over 12-month period. Referring to stock’s 52-week performance, its high was $255.89, and the low was $148.05. On the whole, AMAT has fluctuated by -7.35% over the past month.
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With the market capitalization of Applied Materials Inc currently standing at about $139.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.52, with its dividend yield at 0.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 29.51B, with a low estimate of 7.08B and a high estimate of 7.58B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.18B.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 1.75, with the price of AMAT currently trading nearly -2.28% and -7.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.74, while the 7-day volatility ratio is showing 2.34% which for the 30-day chart, stands at 2.67%. Furthermore, Applied Materials Inc (AMAT)’s beta value is 1.51, and its average true range (ATR) is 5.40.
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 0.17% in today’s session so far, and over the past year, it grew by 7.88%%.
Data on historical trading for Applied Materials Inc (NASDAQ:AMAT) indicates that the trading volumes over the past 10 days have averaged 7.02 and over the past 3 months, they’ve averaged 6.50 million. According to company’s latest data on outstanding shares, there are 824.40 million shares outstanding.
Nearly 0.54% of Applied Materials Inc’s shares belong to company insiders and institutional investors own 81.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.71 million shares as on 2024-10-31, resulting in a short ratio of 2.78. According to the data, the short interest in Applied Materials Inc (AMAT) stood at 203.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 16.26 million. The stock has risen by 4.50% 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.
