Does SK Telecom Co. Ltd. (SKM) offer a good opportunity for investors?

SK Telecom Co. Ltd. (NYSE: SKM) stock jumped 0.58% on Wednesday to $20.92 against a previous-day closing price of $20.80. With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $20.95 whereas the lowest price it dropped to was $20.82. The 52-week range on SKM shows that it touched its highest point at $25.75 and its lowest point at $18.26 during that stretch. It currently has a 1-year price target of $29.60. With its current market cap of 8.28 billion, SKM has annualized dividend of $2.88 while the current yield stands at 13.78%. Beta for the stock currently stands at 0.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SKM was up-trending over the past week, with a rise of 2.40%, but this was up by 6.14% over a month. Three-month performance surged to 8.28% while six-month performance rose 2.35%. The stock lost -18.12% in the past year, while it has gained 1.60% so far this year. EPS is expected to grow by 8.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.30%.

Float and Shares Shorts:

At present, 392.86 million SKM shares are outstanding with a float of 74.12 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.39 million, which was 0.35% higher than short shares on Mar 30, 2023. In addition to Mr. Young Sang Ryu as the firm’s CEO, Pres & Exec. Director, Jinwon Kim serves as its CFO & Head of Corp. Planning Group.

Institutional Ownership:

Through their ownership of 6.13% of SKM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.57% of SKM, in contrast to 2.61% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SKM with 1.11% of the stake, Macquarie Investment Management B holds 4,383,396 shares worth 4,383,396. A second-largest stockholder of SKM, Robeco Institutional Asset Manage, holds 1,620,574 shares, controlling over 0.41% of the firm’s shares. Janus Henderson Investors UK Ltd. is the third largest shareholder in SKM, holding 1,395,164 shares or 0.35% stake. With a 0.84% stake in SKM, the Delaware Emerging Markets Fund is the largest stakeholder. A total of 3,312,676 shares are owned by the mutual fund manager. The Robeco Capital Gr. Fds. – QI Emer, which owns about 0.28% of SKM stock, is the second-largest Mutual Fund holder. It holds 1,104,960 shares valued at 21.83 million. Delaware VIP Trust – Emerging Mar holds 0.15% of the stake in SKM, owning 590,316 shares worth 11.66 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SKM reported revenue of $4.29T and operating income of $465.78B. The EBITDA in the recently reported quarter was $1.40T and diluted EPS was $636.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SKM analysts setting a high price target of $44.23 and a low target of $22.64, the average target price over the next 12 months is $26.54. Based on these targets, SKM could surge 111.42% to reach the target high and rise by 8.22% to reach the target low. Reaching the average price target will result in a growth of 26.86% 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.

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