Keysight Technologies Inc. (NYSE:KEYS) finished Friday with a subtraction of -$0.98 to close at $156.54, a downside of -0.62 percent. An average of 876,400 shares of common stock have been traded in the last five days. There was a fall of -$2.17 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 951,480 shares traded, while the 50-day average volume stands at 977,350.
KEYS stock has decreased by -7.41% in the last month. The company shares reached their 1-month lowest point of $155.58 on 08/11/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $139.62 and a high of $189.45 in 52 weeks. It has reached a new high 9 times so far this year and lost -8.49% or -$14.53 in price. In spite of this, the price is down -17.37% from the 52-week high.
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Insider Transactions
KEYS stock investors should be aware that Keysight Technologies Inc. (KEYS) stock had its last reported insider trading activity 60 days ago on Jun 13. In this transaction, the insider spent $82,500. SVP, PAGE JOHN, disposed of 20,000 shares at a price of $163.81 on Jun 12. The insider now owns more than $3,276,218 worth of shares. Prior to that, SVP Gooi Soon Chai went on to Sale 29,139 shares at $161.95 each on May 30. An amount of $4,719,201 was transacted.
Valuation Metrics
Keysight Technologies Inc. (KEYS) has a trailing price-to-earnings (P/E) ratio of 23.95. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.99, the price-to-book (PB) ratio at 5.92, and the price-to-cash flow ratio at 23.09.
Financial Health
The quick ratio of Keysight Technologies Inc. for the three months ended April 29 was 2.70, and the current ratio was 3.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.38 for the quarter ending April 29. Keysight Technologies Inc.’s EBITDA margin for the year ending April 29 is 28.71%, while its operating margin for the same period stands at 25.30%. Its gross profit as reported stood at $3.45 billion compared to revenue of $5.42 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Keysight Technologies Inc.’s return on assets was 14.30%.
Earnings Surprise
For the three-month period that ended April 29, Keysight Technologies Inc. had $1.79 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $260.0 million in the quarter, while revenues were grew 11.92%. The analyst consensus anticipated Keysight Technologies Inc.’s latest quarter earnings to come in at $1.95 per share, but it turned out to be $2.12, a 8.70% surprise. For the quarter, EBITDA amounted to $409.0 million. Shareholders own equity worth $178.37 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Keysight Technologies Inc. (KEYS) price momentum. RSI 9-day as of the close on 11 August was 27.24%, suggesting the stock is oversold, with historical volatility in this time frame at 8.91%.
As of today, KEYS’s price is $157.35 -1.37% or -$2.17 from its 5-day moving average. KEYS is currently trading -6.27% lower than its 20-day SMA and +0.63% higher than its 100-day SMA. However, the stock’s current price level is -3.25% below the SMA50 and -7.59% below the SMA200.
The stochastic %K and %D were 8.79% and 8.76%, respectively, and the average true range (ATR) was 2.64. With the 14-day stochastic at 6.39% and the average true range at 2.73, the RSI (14) stands at 34.07%. The stock has reached -1.42 on the 9-day MACD Oscillator while the 14-day reading was at -4.02.
Analyst Ratings
Citigroup launched coverage on Keysight Technologies Inc. (NYSE: KEYS) in its analyst report released on June 30, 2023. The firm assigned the stock a Buy rating. The consensus rating for Keysight Technologies Inc. (KEYS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KEYS, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 8 others rate it as a “buy”.
What is KEYS’s price target for the next 12 months?
Analysts predict a range of price targets between $163.00 and $220.00, with a median target of $188.00. Taking a look at these predictions, the average price target given by analysts for Keysight Technologies Inc. (KEYS) stock is $189.36.
