Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Applied Materials Inc (NASDAQ: AMAT) weakened of late. AMAT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Applied Materials Inc (NASDAQ: AMAT) stock increased 1.3% on 12/20/24. The shares closed at $163.59. Moreover, exceptionally high trading volume at 211% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -3.2% during the last week.
Current PriceTarget Research Rating
Applied Materials has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Applied Materials has a neutral Appreciation Score of 58 but a poor Power Rating of 29, producing the Negative Value Trend Rating.
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