A share price of Applied Materials Inc. [AMAT] is currently trading at $232.53, up 0.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMAT shares have lost -3.11% over the last week, with a monthly amount glided 5.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Applied Materials Inc. [NASDAQ: AMAT] stock has seen the most recent analyst activity on June 05, 2024, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $225 from $165. Previously, TD Cowen reaffirmed its Buy rating on May 17, 2024, and elevated its price target to $250. On May 13, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $210 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $260 on April 16, 2024. Cantor Fitzgerald upgraded its rating to Overweight for this stock on April 08, 2024, but kept the price target unchanged to $260. In a note dated February 16, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $185 to $245.
Applied Materials Inc. experienced fluctuations in its stock price throughout the past year between $129.21 and $249.42. Currently, Wall Street analysts expect the stock to reach $189.35 within the next 12 months. Applied Materials Inc. [NASDAQ: AMAT] shares were valued at $232.53 at the most recent close of the market. An investor can expect a potential drop of -18.57% based on the average AMAT price forecast.
Analyzing the AMAT fundamentals
Trailing Twelve Months sales for Applied Materials Inc. [NASDAQ:AMAT] were 26.46B which represents 0.32% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.44 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 0.31.
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 230.28 points at the first support level, and at 228.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 236.30, and for the 2nd resistance point, it is at 240.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applied Materials Inc. [NASDAQ:AMAT] is 2.80. On the other hand, the Quick Ratio is 1.97, and the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 7.28, the price to book ratio is 10.58 and price to earnings (TTM) ratio is 26.72.
Transactions by insiders
Recent insider trading involved Iannotti Thomas J, Director, that happened on Jun 21 ’24 when 9827.0 shares were sold. President and CEO, DICKERSON GARY E completed a deal on Jun 18 ’24 to sell 0.4 million shares. Meanwhile, President, Semi. Products Grp. Raja Prabu G. sold 50000.0 shares on Jun 18 ’24.
