Keysight Technologies Inc (NYSE:KEYS) saw an upside of 0.26% to $130.37 after adding $0.34 on Wednesday. The 5-day average trading volume is 1,194,932 shares of the company’s common stock. It has gained $132.48 in the past week and touched a new high 2 times within the past 5 days. An average of 1,400,428 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,444,697.
KEYS’s 1-month performance is 0.86% or $1.31 on its low of $128.71 reached on 08/29/23. The company’s shares have touched a 52-week low of $125.89 and high of $189.45, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, KEYS has lost -23.79% or -$40.56 and has reached a new high 9 times. However, the current price is down -31.19% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
KEYS stock investors last saw insider trading activity on Jun 13.NARAYANAN KAILASH (SVP) most recently sold 500 shares at $165.00 per share on Jun 13. This transaction cost the insider $82,500. SVP, PAGE JOHN, sold 20,000 shares at a price of $163.81 on Jun 12. Then, on May 30, SVP Gooi Soon Chai sold 29,139 shares at a price of $161.95 per share. This transaction amounted to $4,719,201.
Valuation Metrics
KEYS stock has a beta of 1.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.14 while the price-to-book (PB) in the most recent quarter is 4.73, with the price to cash flow ratio at 19.10.
Keysight Technologies Inc’s quick ratio for the period ended July 30 was 2.76, with the current ratio over the same period at 3.66. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.40, while the total debt to equity was 0.41. In terms of profitability, the gross margin trailing 12 months is 64.10%. The trailing 12-month EBITDA margin is 28.71% while for the period ending July 30, Keysight Technologies Inc’s operating margin was 26.50%. The firm’s gross profit as reported stood at $3.45 billion against revenue of $5.42 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 10.42% to $288.0 million, while revenue of $260.0 million was 9.72% off the previous quarter. Analysts expected KEYS to announce $2.04 per share in earnings in its latest quarter, but it posted $2.19, representing a 7.40% surprise. EBITDA for the quarter stood at more than $419.0 million. KEYS stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 3.93 billion, with total debt at $2.02 billion. Shareholders hold equity totaling $177.57 million.
Let’s look briefly at Keysight Technologies Inc (KEYS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 33.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 6.44%.
The stock’s 5-day moving average is $130.66, reflecting a -1.53% or -$2.03 change from its current price. KEYS is currently trading -1.32% above its 20-day SMA, -7.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -23.18% and SMA200 by-27.91%.
Stochastic %K and %D was 14.41% and 15.57% and the average true range (ATR) pointed at 1.97. The RSI (14) points at 31.73%, while the 14-day stochastic is at 16.57% with the period’s ATR at 2.29. The stock’s 9-day MACD Oscillator is pointing at -1.16 and -1.42 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Keysight Technologies Inc (NYSE: KEYS), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for KEYS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KEYS as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.
What is KEYS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $142.00 and a high of $208.00, with their median price target at $164.50. Looking at these predictions, the average price target given by analysts is for Keysight Technologies Inc (KEYS) stock is $169.64.
