Checking the Overall Picture for Applied Materials, Inc. (AMAT)

Applied Materials, Inc. (AMAT) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. The stock has been active on the tape, currently trading at $50.98, up from yesterday’s close by 0.24%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Applied Materials, Inc. (AMAT) currently trades with a market capitalization of $55.01 Billion. That value represents a market adjusting for revenues that have been growing by 28.79 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $3.62 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.17 on a per share basis this quarter. Perhaps, that suggests something about why 1.72% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how AMAT has been acting. Looking at the stock’s movement on the chart, Applied Materials, Inc. recorded a 52-week high of $62.40. It is now trading 11.42% off that level. The stock is trading $52.41 its 50-day moving average by 1.43%. The stock carved out a 52-week low down at $40.79.

In recent action, Applied Materials, Inc. (AMAT) has made a move of -5.75% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.50% with $1.00 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AMAT.

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