The stock of Applied Materials Inc. (AMAT) has gone down by 0.00% for the week, with a 3.64% rise in the past month and a 36.79% rise in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are 2.34% for AMAT. The simple moving average for the past 20 days is 0.61% for AMAT’s stock, with a 30.17% simple moving average for the past 200 days.
Is It Worth Investing in Applied Materials Inc. (NASDAQ: AMAT) Right Now?
The price-to-earnings ratio for Applied Materials Inc. (NASDAQ: AMAT) is above average at 24.45x. The 36-month beta value for AMAT is also noteworthy at 1.58. There are mixed opinions on the stock, with 15 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMAT is 827.82M, and at present, short sellers hold a 1.50% of that float. The average trading volume of AMAT on April 15, 2024 was 6.27M shares.
AMAT) stock’s latest price update
Applied Materials Inc. (NASDAQ: AMAT) has seen a decline in its stock price by -2.40 in relation to its previous close of 212.98. InvestorPlace reported 2024-04-13 that The emergence of artificial intelligence stands as a force ready to transform several prominent industries. Investors looking to seize a rare chance to capitalize on these gains have aimed their efforts at leading semiconductor stocks to quadruple their money.
Analysts’ Opinion of AMAT
Many brokerage firms have already submitted their reports for AMAT stocks, with Deutsche Bank repeating the rating for AMAT by listing it as a “Hold.” The predicted price for AMAT in the upcoming period, according to Deutsche Bank is $225 based on the research report published on April 11, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see AMAT reach a price target of $260. The rating they have provided for AMAT stocks is “Overweight” according to the report published on April 08th, 2024.
TD Cowen gave a rating of “Outperform” to AMAT, setting the target price at $245 in the report published on February 16th of the current year.
AMAT Trading at 5.11% from the 50-Day Moving Average
After a stumble in the market that brought AMAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.28% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.51% upper at present.
During the last 5 trading sessions, AMAT remain unchanged, which changed the moving average for the period of 200-days by +41.84% in comparison to the 20-day moving average, which settled at $206.96. In addition, Applied Materials Inc. saw 28.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMAT starting from Nalamasu Omkaram, who sale 23,228 shares at the price of $162.45 back on Dec 22 ’23. After this action, Nalamasu Omkaram now owns 190,972 shares of Applied Materials Inc., valued at $3,773,389 using the latest closing price.
Hill Brice, the SVP, CFO of Applied Materials Inc., sale 1,000 shares at $150.04 during a trade that took place back on Aug 30 ’23, which means that Hill Brice is holding 106,023 shares at $150,040 based on the most recent closing price.
Stock Fundamentals for AMAT
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.47 for the gross margin
The net margin for Applied Materials Inc. stands at 0.27. The total capital return value is set at 0.31. Equity return is now at value 46.41, with 24.06 for asset returns.
Based on Applied Materials Inc. (AMAT), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 1.52. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 24.6.
Currently, EBITDA for the company is 8.47 billion with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 6.49. The receivables turnover for the company is 5.25for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.71.
Conclusion
In summary, Applied Materials Inc. (AMAT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
