With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.59 million shares. The 52-week range on SKX shows that it touched its highest point at $65.17 and its lowest point at $44.13 during that stretch. It currently has a 1-year price target of $70.83. Beta for the stock currently stands at 1.32.
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 SKX was down-trending over the past week, with a drop of -0.25%, but this was down by -0.07% over a month. Three-month performance dropped to -2.89% while six-month performance rose 29.05%. The stock gained 36.24% in the past year, while it has lost -2.37% so far this year. A look at the trailing 12-month EPS for SKX yields 3.49 with Next year EPS estimates of 4.61. For the next quarter, that number is 1.10. This implies an EPS growth rate of 15.29% for this year and 17.92% for next year. EPS is expected to grow by 14.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.67%.
Float and Shares Shorts:
At present, 132.84 million SKX shares are outstanding with a float of 132.02 million shares on hand for trading. On Feb 29, 2024, short shares totaled 2.01 million, which was 1.31% higher than short shares on Jan 31, 2024. In addition to STX as the firm’s Seagate Technology Holdings PLC, SNX serves as its TD SYNNEX Corporation.
Institutional Ownership:
Through their ownership of 93.99% of SKX’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKX 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.
