In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Applied Materials Inc. (NASDAQ: AMAT) closed at $243.40 in the last session, up 1.05% from day before closing price of $240.86. In other words, the price has increased by $1.05 from its previous closing price. On the day, 2.77 million shares were traded. AMAT stock price reached its highest trading level at $244.72 during the session, while it also had its lowest trading level at $239.85.
Ratios:
We take a closer look at AMAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.62. For the most recent quarter (mrq), Quick Ratio is recorded 1.97 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on June 05, 2024, Upgraded its rating to Equal Weight and sets its target price to $225 from $165 previously.
On May 17, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $245 to $250.
Jefferies Downgraded its Buy to Hold on May 13, 2024, whereas the target price for the stock was revised from $215 to $210.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Iannotti Thomas J sold 9,827 shares for $236.65 per share. The transaction valued at 2,325,560 led to the insider holds 49,185 shares of the business.
DICKERSON GARY E sold 400,000 shares of AMAT for $98,579,111 on Jun 18 ’24. The President and CEO now owns 1,542,269 shares after completing the transaction at $246.45 per share. On Jun 18 ’24, another insider, Raja Prabu G., who serves as the President, Semi. Products Grp. of the company, sold 50,000 shares for $249.17 each. As a result, the insider received 12,458,500 and left with 458,417 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMAT now has a Market Capitalization of 201454583808 and an Enterprise Value of 199895547904. As of this moment, Applied’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.97, and their Forward P/E ratio for the next fiscal year is 25.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.62 while its Price-to-Book (P/B) ratio in mrq is 11.07. Its current Enterprise Value per Revenue stands at 7.543 whereas that against EBITDA is 24.663.
Stock Price History:
Over the past 52 weeks, AMAT has reached a high of $249.42, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 11.44%, while the 200-Day Moving Average is calculated to be 35.38%.
Shares Statistics:
According to the various share statistics, AMAT traded on average about 5.03M shares per day over the past 3-months and 5917650 shares per day over the past 10 days. A total of 833.00M shares are outstanding, with a floating share count of 824.95M. Insiders hold about 0.37% of the company’s shares, while institutions hold 80.95% stake in the company. Shares short for AMAT as of 1718323200 were 15813639 with a Short Ratio of 3.14, compared to 1715731200 on 11791659. Therefore, it implies a Short% of Shares Outstanding of 15813639 and a Short% of Float of 1.9199998999999999.
Dividends & Splits
The forward annual dividend rate for AMAT is 1.36, which was 1.36 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0056464337The stock’s 5-year Average Dividend Yield is 0.99.
