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Barchart
Barchart
Faisal Humayun Khan

SKHY Stock Is Attractive Amidst Sustained Demand and Significant Manufacturing Expansion

SKHY SK Hynix United States Memory Semiconductor

The much-anticipated listing of SK Hynix (SKHY) witnessed some initial jitters on the back of some profit booking. However, the memory semiconductor company made a strong comeback and popped 27% in yesterday's trading.

Amidst the near-term volatility, SKHY stock is worth accumulating for the medium to long term. For a company on a high-growth trajectory, a trailing-twelve-month price-earnings ratio of 18.3 looks attractive and underscores this view.

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