Skillsoft Corp. (NYSE: SKIL) stock fell -0.52% on Wednesday to $1.90 against a previous-day closing price of $1.91. With 0.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.58 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $1.9600 whereas the lowest price it dropped to was $1.8550. The 52-week range on SKIL shows that it touched its highest point at $12.17 and its lowest point at $1.46 during that stretch. It currently has a 1-year price target of $4.20. Beta for the stock currently stands at 0.94.
Price Performance and Earnings:
Three-month performance dropped to -51.78% while six-month performance fell -65.45%. The stock lost -84.03% in the past year, while it has lost -79.23% so far this year. A look at the trailing 12-month EPS for SKIL yields -1.18 with Next year EPS estimates of -0.77. For the next quarter, that number is -0.31. This implies an EPS growth rate of -103.60% for this year and 46.20% for next year.
Float and Shares Shorts:
At present, 164.09 million SKIL shares are outstanding with a float of 159.80 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.1 million, which was 2.49% higher than short shares on Sep 14, 2022. In addition to Mr. Jeffrey R. Tarr as the firm’s CEO & Director, Mr. Gary W. Ferrera serves as its Chief Financial Officer.
Through their ownership of 77.65% of SKIL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.40% of SKIL, in contrast to 24.10% held by mutual funds. Shares owned by individuals account for 10.31%. As the largest shareholder in SKIL with 5.42% of the stake, Paradice Investment Management LL holds 8,915,902 shares worth 8,915,902. A second-largest stockholder of SKIL, Lodbrok Capital LLP, holds 7,668,089 shares, controlling over 4.66% of the firm’s shares. Pelham Capital Ltd. is the third largest shareholder in SKIL, holding 5,937,345 shares or 3.61% stake. With a 1.76% stake in SKIL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,900,886 shares are owned by the mutual fund manager. The St. James Place Unit Trust – Glob, which owns about 1.55% of SKIL stock, is the second-largest Mutual Fund holder. It holds 2,543,969 shares valued at 4.55 million. iShares Russell 2000 ETF holds 1.12% of the stake in SKIL, owning 1,839,709 shares worth 3.29 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKIL since 5 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SKIL analysts setting a high price target of $6.00 and a low target of $2.50, the average target price over the next 12 months is $4.13. Based on these targets, SKIL could surge 215.79% to reach the target high and rise by 31.58% to reach the target low. Reaching the average price target will result in a growth of 117.37% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SKIL will report FY 2023 earnings on 04/06/2023. Analysts have provided yearly estimates in a range of -$1.04 being high and -$1.67 being low. For SKIL, this leads to a yearly average estimate of -$1.38. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Skillsoft Corp. surprised analysts by -$0.54 when it reported -$0.78 EPS against a consensus estimate of -$0.24. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.34. The average estimate for the next quarter is thus -$0.24.
Summary of Insider Activity:
Insiders traded SKIL stock several times over the past three months with 11 Buys and 9 Sells. In these transactions, 283,024 shares were bought while 105,832 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 16,183,059 while 17,623,353 shares were sold.