In the past week, AMAT stock has gone up by 8.34%, with a monthly decline of -0.47% and a quarterly surge of 21.83%. The volatility ratio for the week is 2.72%, and the volatility levels for the last 30 days are 2.81% for Applied Materials Inc. The simple moving average for the last 20 days is 1.07% for AMAT’s stock, with a simple moving average of 26.09% for the last 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 24.14x. 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 1.51% of that float. The average trading volume of AMAT on April 30, 2024 was 5.97M shares.
AMAT) stock’s latest price update
The stock price of Applied Materials Inc. (NASDAQ: AMAT) has jumped by 0.92 compared to previous close of 203.38. Despite this, the company has seen a gain of 8.34% in its stock price over the last five trading days. InvestorPlace reported 2024-04-29 that As we near the second half of 2024, the correction phase points to a powerful upside potential in underrated tech stocks. Last year witnessed an extraordinary boom in technology stocks, soaring to uncharted heights.
Analysts’ Opinion of AMAT
Many brokerage firms have already submitted their reports for AMAT stocks, with Evercore ISI repeating the rating for AMAT by listing it as a “Outperform.” The predicted price for AMAT in the upcoming period, according to Evercore ISI is $260 based on the research report published on April 16, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see AMAT reach a price target of $225. The rating they have provided for AMAT stocks is “Hold” according to the report published on April 11th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to AMAT, setting the target price at $260 in the report published on April 08th of the current year.
AMAT Trading at 1.09% 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 -4.49% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares sank -1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.38% upper at present.
During the last 5 trading sessions, AMAT rose by +8.34%, which changed the moving average for the period of 200-days by +43.89% in comparison to the 20-day moving average, which settled at $202.92. In addition, Applied Materials Inc. saw 26.65% 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 6.41. 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.
