Applied Materials Inc (NASDAQ: AMAT) stock closed at $220.07 on 7/17/24 after a major decline of -10.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 200% of normal. The stock has declined -12.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AMAT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Applied Materials has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Applied Materials has a slightly negative Appreciation Score of 38 but a very high Power Rating of 96, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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