Keysight Technologies Inc (NYSE:KEYS) price on current trading day, rose 1.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $150.04.
A look at the stock’s price movement, the close in the last trading session was $148.42, moving within a range at $148.77 and $151.1523. The beta value (5-Year monthly) was 0.974 while the PE ratio in trailing twelve months stood at 28.87. Turning to its 52-week performance, $162.51 and $118.57 were the 52-week high and 52-week low respectively. Overall, KEYS moved 17.89% over the past month.
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Keysight Technologies Inc’s market cap currently stands at around $26.04 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-18.
Analysts have a consensus estimate of 1.26B for the company’s revenue for the quarter, with a low and high estimate of 1.25B and 1.27B respectively. The average forecast suggests down to a -4.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.95B, representing a -9.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KEYS is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 8 recommend KEYS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KEYS’s current price about 1.47% and 7.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.44, while 7-day volatility ratio is 2.22% and 2.28% in the 30-day chart. Further, Keysight Technologies Inc (KEYS) has a beta value of 0.98, and an average true range (ATR) of 3.86. Analysts have given the company’s stock an average 52-week price target of $184, forecast between a low of $150 and high of $205. Looking at the price targets, the low is 0.03% off current price level while to achieve the yearly target high, price needs to move -36.63%. Nonetheless, investors will most likely welcome a -22.63% jump to $184 which is the analysts’ median price.
If we refocus on Keysight Technologies Inc (NYSE:KEYS), historical trading data shows that trading volumes averaged 0.96 over the past 10 days and 1.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 174.60 million shares.
The 0.79% of Keysight Technologies Inc’s shares are in the hands of company insiders while institutional holders own 90.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.16 million on 2024-08-30, giving us a short ratio of 1.36. The data shows that as of 2024-08-30 short interest in Keysight Technologies Inc (KEYS) stood at 162.0 of shares outstanding, with shares short falling to 2.34 million registered in 2024-07-31. Current price change has pushed the stock -5.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KEYS stock continues to rise going into the next quarter.
