What’s Happening To These Stocks? – Applied Materials, Inc. (AMAT), Mitel Networks Corporation (MITL)

The opening price for Applied Materials, Inc. (NASDAQ:AMAT) was $61.91 and the volume amounted to 16.19 million shares which compares with the average volume of 13.95 million shares. The company stock experienced a -1.04% move to arrive at $60.97.

Applied Materials, Inc. (AMAT) Analyst Opinion

Applied Materials, Inc. has a consensus outperform rating from 21 Wall Street analysts, and the number of shares currently sold short amount to at least 1.53% of shares outstanding. The stock spiked 33.27% last month and is up 19.27 this year. Wall Street is only getting more bullish on the stock, with 21 of analysts who cover AMAT having a buy-equivalent rating. Analysts have placed a $69.9 price target on Applied Materials, Inc., suggesting a 14.65% gain from recent close. It’s currently trading about -1.28% below its 52-week high.

Applied Materials, Inc. Earnings Surprise

Applied Materials, Inc. (AMAT) surprised the stock market in its last reported earnings when it earned $1.06 a piece versus the consensus-estimated $0.98. Its revenue totaled $4.12 billion up 3.87% from the previous quarter.

Applied Materials, Inc. (NASDAQ:AMAT) Intraday View

This stock (AMAT) is ahead of its 52-week low with 62.98%. Its last month’s stock price volatility remained 2.8% which for the week stands at 3.55%. The share price has moved forward from its 20 days moving average, trading at a distance of 8.76% and stays 11.53% away from its 50 days moving average. Over the last five days, shares have managed 5.8% gains and now is up 21.44% since hitting its 200-day moving average of $52.9. Applied Materials, Inc. (AMAT) has made its way to a 12-month gain of 59.94%.

Turning to Mitel Networks Corporation (NASDAQ:MITL), its shares were trading at $8.67 a gain of $0.08, on the trading floor. The stock, after opening at $8.58, touched a high of $8.68 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. Mitel Networks Corporation has 2 buy ratings, 1 holds and 0 sells even after the stock tumbled -7.67% from its high of $9.39 to a $993.41 million market value through last close.

Mitel Networks Corporation (MITL) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 1.88 to 1.86 during a month. Analysts set a 12-month price target of $12.08 a share. The target implies a 39.33% spike from where the shares are currently trading. Also, the current price highlights a discount of 73.01% to analysts’ high consensus price target.

Mitel Networks Corporation (NASDAQ:MITL) Intraday Trading

The counter witnessed a trading volume of 1.53 million shares versus an average volume of 1.23 million shares during last trading session. Its last month’s stock price volatility remained 4.53% which for the week approaches 3.84%. The lowest price the stock reached in the last trading day was $8.52 and compares with the $6.21 52-week low. The stock recovered 39.61% since its low point and has performed 5.35% year-to-date.

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