Applied Materials Inc. [AMAT] stock is trading at $205.68, down -1.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMAT shares have lost -1.61% over the last week, with a monthly amount glided 2.46%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald upgraded its rating to Overweight on April 08, 2024, and kept the price target unchanged to $260. On February 16, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $245 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $180 on January 23, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $185 on December 12, 2023. Redburn Atlantic upgraded its rating to Buy for this stock on November 22, 2023, but kept the price target unchanged to $175. In a note dated November 17, 2023, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $160 to $165.
Applied Materials Inc. [AMAT] stock has fluctuated between $109.00 and $214.91 over the past year. Currently, Wall Street analysts expect the stock to reach $137.73 within the next 12 months. Applied Materials Inc. [NASDAQ: AMAT] shares were valued at $205.68 at the most recent close of the market. An investor can expect a potential drop of -33.04% based on the average AMAT price forecast.
Analyzing the AMAT fundamentals
Applied Materials Inc. [NASDAQ:AMAT] reported sales of 26.44B for the trailing twelve months, which represents a drop of -0.18%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.45 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 201.81 points at the first support level, and at 197.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 212.00, and for the 2nd resistance point, it is at 218.33.
Ratios To Look Out For
For context, Applied Materials Inc.’s Current Ratio is 2.71. On the other hand, the Quick Ratio is 1.91, and the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 6.46, the price to book ratio is 9.81 and price to earnings (TTM) ratio is 24.19.
Transactions by insiders
Recent insider trading involved Nalamasu Omkaram, Senior Vice President, CTO, that happened on Dec 22 ’23 when 23228.0 shares were sold. SVP, CFO, Hill Brice completed a deal on Aug 30 ’23 to sell 1000.0 shares. Meanwhile, SVP, CLO Little Teri A. sold 10000.0 shares on Jul 07 ’23.
