Why KLA Corp. (NASDAQ: KLAC) At $729.92 Is Worth Your Money?

KLA Corp. (NASDAQ:KLAC) does about 895.95K shares in volume on a normal day but saw 883295 shares change hands in Tuesday’s trading. The company now has a market cap of 98.28B USD. Its current market price is $729.92, marking an increase of 2.21% compared to the previous close of $714.15. The 52 week high reached by this stock is $729.15 whilst the lowest price level in 52 weeks is $385.80.

KLA Corp. (KLAC) has a 20-day trading average at $685.99 and the current price is 0.11% off the 52-week high compared with 89.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $691.46 and its 200-day simple moving average is $576.20. If we look at the stock’s price movements over the week, volatility stands at 2.05%, which increases to 2.90% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.70 to suggest the stock is neutral.

The consensus objective for the share price is $764.24, suggesting that the stock has a potential upside of 4.49% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 13, 2024 when Jefferies initiated the stock to “Buy” and issued a price target of between $740 and $820. Evercore ISI initiated its price target at $800.

KLA Corp. (KLAC) stock is up 2.18% over the week and 7.58% over the past month. Its price is 25.57% year-to-date and 88.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 4.49 percent from here.

The company has a return on investment of 28.58% and return on equity of 90.35%. The price to earnings ratio (P/E ratio) amounts to 38.25 while the forward price to earnings ratio is 25.51. The beta has a value of 1.27. Price to book ratio is 31.77 and price to sales ratio is 10.26.