With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. The 52-week range on SKYT shows that it touched its highest point at $19.00 and its lowest point at $5.63 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 3.40.
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 SKYT was up-trending over the past week, with a rise of 6.20%, but this was up by 14.73% over a month. Three-month performance dropped to -20.60% while six-month performance fell -22.04%. The stock lost -21.88% in the past year, while it has lost -44.13% so far this year. A look at the trailing 12-month EPS for SKYT yields -0.18 with Next year EPS estimates of 0.15. For the next quarter, that number is -0.18. This implies an EPS growth rate of -226.67% for this year and 302.63% for next year. EPS is expected to grow by 81.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.37%.
Float and Shares Shorts:
At present, 48.04 million SKYT shares are outstanding with a float of 24.77 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKYT since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.04388325 being high and -$0.04746111 being low. For SKYT, this leads to a yearly average estimate of -$0.046.
