Applied Materials Inc (NASDAQ: AMAT) stock suffered a major decline of -10.7% on 10/15/24. The shares closed at $191.02. Moreover, trading volume in this decline was exceptionally high at 258% of normal. The stock has declined -4.6% during the last week and has performed in line with 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Applied Materials has a neutral Appreciation Score of 50 and a slightly positive Power Rating of 64, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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