Kulicke & Soffa Industries, Inc (NASDAQ: KLIC)’s stock price has gone decline by -2.57 in comparison to its previous close of 47.05, however, the company has experienced a -5.93% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC ) Q4 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Joe Elgindy – Director, Investor Relations Fusen Chen – President and Chief Executive Officer Lester Wong – Chief Financial Officer Conference Call Participants Steven Kinney Chin – TD Cowen Tom Diffely – D.A. Davidson Dave Duley – Steelhead Securities Charles Shi – Needham Operator Greetings, and welcome to Kulicke and Soffa’s 2024 Fourth Quarter Results Earnings Call.
Is It Worth Investing in Kulicke & Soffa Industries, Inc (NASDAQ: KLIC) Right Now?
The stock has a 36-month beta value of 1.38. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for KLIC is 52.41M, and at present, short sellers hold a 6.66% of that float. On November 14, 2024, the average trading volume of KLIC was 490.27K shares.
KLIC’s Market Performance
KLIC’s stock has seen a -5.93% decrease for the week, with a 2.92% rise in the past month and a 5.52% gain in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are at 2.93% for Kulicke & Soffa Industries, Inc The simple moving average for the past 20 days is -0.40% for KLIC’s stock, with a -0.86% simple moving average for the past 200 days.
Analysts’ Opinion of KLIC
Many brokerage firms have already submitted their reports for KLIC stocks, with TD Cowen repeating the rating for KLIC by listing it as a “Hold.” The predicted price for KLIC in the upcoming period, according to TD Cowen is $45 based on the research report published on August 08, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see KLIC reach a price target of $60. The rating they have provided for KLIC stocks is “Buy” according to the report published on November 17th, 2023.
Craig Hallum gave a rating of “Hold” to KLIC, setting the target price at $55 in the report published on August 10th of the previous year.
KLIC Trading at 3.89% from the 50-Day Moving Average
After a stumble in the market that brought KLIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.17% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +3.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.48% upper at present.
During the last 5 trading sessions, KLIC fell by -4.12%, which changed the moving average for the period of 200-days by -7.15% in comparison to the 20-day moving average, which settled at $46.07. In addition, Kulicke & Soffa Industries, Inc saw -16.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KLIC starting from Kong Peter T M, who purchase 1,000 shares at the price of $47.51 back on May 06 ’24. After this action, Kong Peter T M now owns 92,072 shares of Kulicke & Soffa Industries, Inc, valued at $47,510 using the latest closing price.
Chylak Robert Nestor, the Senior Vice President of Kulicke & Soffa Industries, Inc, sale 8,771 shares at $48.97 during a trade that took place back on Feb 14 ’24, which means that Chylak Robert Nestor is holding 24,240 shares at $429,491 based on the most recent closing price.
Stock Fundamentals for KLIC
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.46 for the gross margin
The net margin for Kulicke & Soffa Industries, Inc stands at -0.1. The total capital return value is set at -0.04. Equity return is now at value -5.39, with -4.18 for asset returns.
Based on Kulicke & Soffa Industries, Inc (KLIC), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 0.76. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -1446.48.
Currently, EBITDA for the company is -92.5 million with net debt to EBITDA at 2.92. When we switch over and look at the enterprise to sales, we see a ratio of 3.25. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.10.
Conclusion
To sum up, Kulicke & Soffa Industries, Inc (KLIC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
