Look For Institutional Buying In Keysight Technologies Inc (NYSE: KEYS)

Keysight Technologies Inc (KEYS) concluded trading on Wednesday at a closing price of $157.81, with 4.38 million shares of worth about $691.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.56% during that period and on August 21, 2024 the price saw a gain of about 13.88%. Currently the company’s common shares owned by public are about 174.60M shares, out of which, 172.86M shares are available for trading.

Stock saw a price change of 24.00% in past 5 days and over the past one month there was a price change of 13.39%. Year-to-date (YTD), KEYS shares are showing a performance of -0.80% which increased to 21.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $118.57 but also hit the highest price of $162.51 during that period. The average intraday trading volume for Keysight Technologies Inc shares is 1.32 million. The stock is currently trading 20.55% above its 20-day simple moving average (SMA20), while that difference is up 16.60% for SMA50 and it goes to 8.50% higher than SMA200.

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Keysight Technologies Inc (NYSE: KEYS) currently have 174.60M outstanding shares and institutions hold larger chunk of about 90.50% of that.

The stock has a current market capitalization of $27.54B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 30.38, while it has posted earnings per share of $5.19 in the same period. It has Quick Ratio of 1.52 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KEYS, volatility over the week remained 2.60% while standing at 2.77% over the month.

Stock’s fiscal year EPS is expected to drop by -26.27% while it is estimated to increase by 13.73% in next year. EPS is likely to shrink at an annualized rate of -3.40% for next 5-years, compared to annual growth of 46.88% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Vertical Research on July 23, 2024 offering a Buy rating for the stock and assigned a target price of $175 to it. Coverage by JP Morgan stated Keysight Technologies Inc (KEYS) stock as a Neutral in their note to investors on February 15, 2024, suggesting a price target of $170 for the stock. On September 15, 2023, Morgan Stanley Upgrade their recommendations, while on September 05, 2023, Goldman Upgrade their ratings for the stock with a price target of $164. Stock get an Equal weight rating from Barclays on August 18, 2023.

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