SKK Holdings Ltd (NASDAQ:SKK) price closed higher on Friday, November 29, and jumping 11.02% above its previous close.
A look at the daily price movement shows that the last close reads $1.27, with intraday deals fluctuated between $1.33 and $1.521. The company’s P/E ratio in the trailing 12-month period read 100.71. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.45 and 52-week low of $0.77. The stock subtracted -73.84% on its value in the past month.
SKK Holdings Ltd, which has a market valuation of $22.03 million, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that SKK’s price is at present -69.85% off the SMA20 and -68.91% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.64, with weekly volatility standing at 29.89%. The indicator jumps to 92.17% when calculated based on the past 30 days. SKK Holdings Ltd (NASDAQ:SKK)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.70.
An analysis of the SKK Holdings Ltd (NASDAQ:SKK) stock in terms of its daily trading volume indicates that the 3-month average is 4.87 million. However, this figure increases on the past 10-day timeline to an average of 16.64 million.
Current records show that the company has 15.62M in outstanding shares. The insiders’ percentage holdings are 72.00% of outstanding shares. The stats also highlight that short interest as of 2024-11-15, stood at 24616.0 shares, which puts the short ratio at the time at 0.08. From this we can glean that short interest is 52.00 of company’s current outstanding shares. Notably, we see that shares short in November fall slightly given the previous month’s figure stood at 87418.0. But the -76.69% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
