Kulicke & Soffa Industries, Inc (NASDAQ:KLIC) price on current trading day, rose 0.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $47.11.
A look at the stock’s price movement, the level at last check in today’s session was $47.05, moving within a range at $46.695 and $51.32. Turning to its 52-week performance, $56.71 and $38.20 were the 52-week high and 52-week low respectively. Overall, KLIC moved 5.78% over the past month.
Kulicke & Soffa Industries, Inc’s market cap currently stands at around $2.57 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 1.70%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 179.38M for the company’s revenue for the quarter, with a low and high estimate of 170M and 185M respectively. The average forecast suggests up to a 4.78% 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 785.77M, representing a 11.26% jump 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 KLIC is a 50% 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.
3 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, 1 recommend KLIC 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KLIC’s current price about 2.23% and 6.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.65, while 7-day volatility ratio is 2.78% and 2.93% in the 30-day chart. Further, Kulicke & Soffa Industries, Inc (KLIC) has a beta value of 1.38, and an average true range (ATR) of 1.73. Analysts have given the company’s stock an average 52-week price target of $65, forecast between a low of $65 and high of $65. Looking at the price targets, the low is -37.97% off recent price level in today’s trading while to achieve the yearly target high, it has to move -37.97%. Nonetheless, investors will most likely welcome a -37.97% jump to $65 which is the analysts’ median price.
If we refocus on Kulicke & Soffa Industries, Inc (NASDAQ:KLIC), historical trading data shows that trading volumes averaged 0.6 over the past 10 days and 490.27K over the past 3 months. The company’s latest data on shares outstanding shows there are 56.31 million shares.
The 3.85% of Kulicke & Soffa Industries, Inc’s shares are in the hands of company insiders while institutional holders own 94.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.49 million on 2024-10-31, giving us a short ratio of 7.53. The data shows that as of 2024-10-31 short interest in Kulicke & Soffa Industries, Inc (KLIC) stood at 942.0 of shares outstanding, with shares short falling to 3.51 million registered in 2024-09-30. Current price change has pushed the stock -13.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KLIC stock continues to rise going into the next quarter.
