The stock of KLA Corp. (NASDAQ: KLAC) has decreased by -0.36 when compared to last closing price of 777.36. Despite this, the company has experienced a -3.73% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-02 that KLA (KLAC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in KLA Corp. (NASDAQ: KLAC) Right Now?
The price-to-earnings ratio for KLA Corp. (NASDAQ: KLAC) is above average at 38.17x, Company’s 36-month beta value is 1.27.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for KLAC is 133.80M, and currently, short sellers hold a 1.83% ratio of that floaft. The average trading volume of KLAC on October 04, 2024 was 980.36K shares.
KLAC’s Market Performance
KLAC stock saw an increase of -3.73% in the past week, with a monthly gain of 3.95% and a quarterly increase of -9.43%. The volatility ratio for the week is 3.79%, and the volatility levels for the last 30 days are 3.32% for KLA Corp. (KLAC). The simple moving average for the last 20 days is 3.12% for KLAC stock, with a simple moving average of 8.12% for the last 200 days.
Analysts’ Opinion of KLAC
TD Cowen, on the other hand, stated in their research note that they expect to see KLAC reach a price target of $760, previously predicting the price at $700. The rating they have provided for KLAC stocks is “Hold” according to the report published on July 25th, 2024.
Citigroup gave a rating of “Buy” to KLAC, setting the target price at $980 in the report published on July 15th of the current year.
KLAC Trading at 0.98% from the 50-Day Moving Average
After a stumble in the market that brought KLAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.58% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares surge +6.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.49% upper at present.
During the last 5 trading sessions, KLAC fell by -3.73%, which changed the moving average for the period of 200-days by +32.37% in comparison to the 20-day moving average, which settled at $753.44. In addition, KLA Corp. saw 33.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KLAC starting from Donzella Oreste, who proposed sale 2,071 shares at the price of $725.78 back on Sep 05 ’24. After this action, Donzella Oreste now owns shares of KLA Corp., valued at $1,503,090 using the latest closing price.
Khan Ahmad A., the President, Semi Proc. Control of KLA Corp., sale 9,676 shares at $818.51 during a trade that took place back on Aug 19 ’24, which means that Khan Ahmad A. is holding 32,176 shares at $7,919,903 based on the most recent closing price.
Stock Fundamentals for KLAC
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.61 for the gross margin
The net margin for KLA Corp. stands at 0.28. The total capital return value is set at 0.35. Equity return is now at value 87.85, with 18.72 for asset returns.
Based on KLA Corp. (KLAC), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 1.98. The interest coverage ratio of the stock is 12.06.
Currently, EBITDA for the company is 4.22 billion with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 11.08. The receivables turnover for the company is 5.15for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.
Conclusion
In a nutshell, KLA Corp. (KLAC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
