As of Thursday close, Keysight Technologies Inc.’s (NYSE:KEYS) stock was down -$1.54, moving down -1.16 percent to $131.00. The average number of shares traded per day over the past five days has been 1,828,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.12 fall in that time frame. In the last twenty days, the average volume was 1,470,910, while in the previous 50 days, it was 1,433,158.
Since last month, KEYS stock rose 1.81%. Shares of the company fell to $127.53 on 08/24/23, the lowest level in the past month. A 52-week high of $189.45 was reached on 02/16/23 after having rallying from a 52-week low of $125.89. Since the beginning of this year, KEYS’s stock price has dropped by -23.42% or -$40.07, and marked a new high 9 times. However, the stock has declined by -30.85% since its 52-week high.
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KEYS stock investors should be aware that Keysight Technologies Inc. (KEYS) stock had its last reported insider trading activity 101 days ago on Jun 13. NARAYANAN KAILASH, the SVP of the company, disposed of 500 shares for $165.00 on Jun 13. It resulted in a $82,500 divestment by the insider. PAGE JOHN sold 20,000 shares at an average price of $163.81 on Jun 12. The insider now owns 36,219 shares following the transaction. On May 30, SVP Gooi Soon Chai sold 29,139 shares at $161.95 apiece. The transaction was valued at $4,719,201.
Valuation Metrics
Right now, Keysight Technologies Inc. (KEYS) has a P/E ratio of about 20.87. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 4.17, the price-to-book (PB) ratio of 4.76, and the price-to-cash flow ratio of 19.23 may also be considered.
Financial Health
In the three months ended July 30, Keysight Technologies Inc.’s quick ratio stood at 2.90, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.37, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 64.30% percent. In the year ended July 30, EBITDA margin amounted to 28.71%, whereas operating margins totaled 25.40%. Based on annual data, KEYS earned $3.45 billion in gross profit and brought in $5.42 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.70%. Return on equity (ROE) for the past 12 months was 24.90%.
In Keysight Technologies Inc.’s quarter-end financial report for July 30, it reported total debt of $1.79 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. KEYS’s revenue rose 2.24% to $1.38 billion during the quarter, while net income inched up to $1.38 billion. While analysts expected Keysight Technologies Inc. to report $2.04 quarterly earnings, the actual figure was $2.19 per share, beating the consensus estimate by 7.40%. During the quarter, the company generated $419.0 million in EBITDA. The liabilities of Keysight Technologies Inc. were 3.93 billion at the end of its most recent quarter ended July 30, and its total debt was $2.02 billion. The value of shareholders’ equity is $177.57 million.
Technical Picture
This quick technical analysis looks at Keysight Technologies Inc.’s (KEYS) price momentum. With a historical volatility rate of 9.24%, the RSI 9-day stood at 32.18% on 21 September.
With respect to its five-day moving average, the current Keysight Technologies Inc. price is down by -1.59% percent or -$2.12. At present, KEYS shares trade +0.69% above its 20-day simple moving average and -9.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.10% below its SMA50 and -27.44% below its SMA200.
Stochastic coefficient K was 29.90% and Stochastic coefficient D was 39.67%, while ATR was 2.36. Given the Stochastic reading of 17.02% for the 14-day period, the RSI (14) reading has been calculated as 31.35%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.53.
Analyst Ratings
Morgan Stanley upgraded its rating on Keysight Technologies Inc. (NYSE: KEYS) to an Overweight in a note to investors on September 15, 2023. The analysts firm previously had an Equal-weight rating on the stock.Keysight Technologies Inc. (KEYS) has been rated Overweight by analysts. According to 0 brokerage firms, KEYS is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Keysight Technologies Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $164.50, the current consensus forecast for the stock is $142.00 – $208.00. Based on these forecasts, analysts predict Keysight Technologies Inc. (KEYS) will achieve an average price target of $169.64.
