Applied Materials, Inc. (NASDAQ:AMAT) recorded -32.14% downtrend from the beginning of this year till date. The 12-month potential price target for Applied Materials, Inc. is set at $48.18. This target means that the stock has an upside potential to increase by 38.89% from the current trading price. The stock of AMAT went down by -$0.74 now trading at $34.69. Their shares witnessed a 13.63% increase from the 52-week low price of $30.53 they recorded on 2018-10-29. Even though it is still -79.88% behind the $62.4 high touched on 2018-03-12. The last few days have been rough for the stock, as its price has decreased by -6.52% during the week. It has also performed poorly over the past three months, as it lost around -13.86% while it has so far retreated around -30.73% during the course of a year.
When giving their opinion, around 65.22% of Wall Street analysts, which represents 15 out of 23 rated the stock as a Buy. 8 brokerage firms of the remaining 34.78% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate AMAT shares held by institutional investors represents 80.3% of total shares. 91 institutions entered new Applied Materials, Inc. (NASDAQ:AMAT) positions, 432 added to their existing positions in these shares, 593 lowered their positions, and 164 exited their positions entirely.
Applied Materials, Inc. (AMAT) trade volume has increased by 26.74% as around 16,866,722 shares were sold when compared with its 50-day average volume of traded shares which is 13,308,170. At the moment, AMAT is witnessing a downtrend, as it is trading -1.81% below its 20-day SMA, -1.53% below its 50-day SMA, and -25.13% below its 200-day SMA. The company runs an ROE of roughly 40%, with financial analysts predicting that their earnings per share growth will be around 16.98% per annum for the next five year. This will be compared to the 106% increase witnessed over the past five years.
The first technical resistance point for Applied Materials, Inc. (NASDAQ:AMAT) will likely come at $35.05, marking a 1.03% premium to the current level. The second resistance point is at $35.42, about 2.06% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $33.62, the lower end of the range. AMAT’s 14-day MACD is 0.28 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 46.51, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 47.5 percent, which is high when compared to that of the 50-day’s 45.31 percent.
The shares of Devon Energy Corporation (NYSE:DVN) has decreased by -1.49%, and now trading at $27.75 on the Wall Street in the intra-day deal, with their shares traded now around 9,747,148. This is a rise of 1,977,668 shares over the average 7,769,480 shares that were traded daily over the last three months. The stock that is trading at $27.75 went higher by 7.27% from its 52-week low of $25.87 that it attained back on 2018-11-28. The stock recorded a 52-week high of $46.54 nearly 150 days ago on 2018-07-10.
DVN stock hasn’t performed well over the past 30 days, as it lost -16.16% while its price plunged by -32.97% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 3.28% over the last week. The stock’s 12-month potential target price is now at $47.92. This means that the stock price might likely increase by 72.68% from its current trading price.22 out of 31 Wall Street analysts which represents 70.97% rated the stock as a buy while the remaining 29.03 rated it as a hold, with 0 of analysts rating it as a sell.
Devon Energy Corporation (NYSE:DVN) has been utilizing an ROE that is roughly 18.2%, with stock analysts predicting that the company’s EPS for the next five years will go up by 63.37% per year, following the 42.5% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -5.88% below its 20-day SMA, -17.33% below its 50-day SMA, and -26.35% below its 200-day SMA. In percentage terms, the aggregate Devon Energy Corporation shares held by institutional investors is 86.1%. 71 institutions jumped in to acquire Devon Energy Corporation (DVN) fresh stake, 290 added to their current holdings in these shares, 405 lowered their positions, and 82 left no stake in the company.
The stock’s 9-day MACD is 0.88 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 40.82, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 54.32 percent, which is more when compared to that of the 50-day’s 44.26 percent. On the daily chart, we see that the stock could reach the first level of resistance at $28.18, sporting a 1.53% premium to the current level. The next resistance point is at $28.61, representing nearly 3.01% premium to the current market price of Devon Energy Corporation (DVN). On the other hand, failure to breach the immediate hurdles can drag it down to $26.21, the lower end of the range.