Stock To Watch: Applied Materials, Inc. (NASDAQ:AMAT)


The leading market experts have placed a mean price target of $28.55 on Applied Materials, Inc. (NASDAQ:AMAT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.48 a share for the upcoming quarter and $1.54 for the current fiscal.

Technical View

The technical analysis of Applied Materials, Inc. plainly substantiates that the 50-day moving average of Applied Materials, Inc. is $26.01, and stock is trading $1.57 points away or +6.03% from its 50-day moving average of $26.01. Further it is trading $5.54 or +25.15% away its 200-day moving average of $22.04. Applied Materials, Inc. (NASDAQ:AMAT) 52-week high is $27.75 and the 52-week low is $14.25.

This explains if the stock moves $-0.17, it will post a 52-week high. In event of +93.54% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Applied Materials, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Applied Materials, Inc. (NASDAQ:AMAT) ratio came in at 25.54.

The stock last ended the trading session at $27.58 and registered a market cap of $30.04B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Applied Materials, Inc. (NASDAQ:AMAT) PEG ratio is at 1.10.

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