SKK Holdings Ltd (NASDAQ:SKK) shares, rose in value on Thursday, January 02, with the stock price up by 9.60% to the previous day’s close as strong demand from buyers drove the stock to $1.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.99, falling within a range of $1.03 and $1.19. Referring to stock’s 52-week performance, its high was $11.45, and the low was $0.61. On the whole, SKK has fluctuated by -15.23% over the past month.
With the market capitalization of SKK Holdings Ltd currently standing at about $16.95 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
The stock’s technical analysis shows that the price of SKK currently trading nearly 5.21% and -65.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.15, while the 7-day volatility ratio is showing 68.22% which for the 30-day chart, stands at 25.57%. Furthermore, SKK Holdings Ltd (SKK)’s average true range (ATR) is 0.56.
Data on historical trading for SKK Holdings Ltd (NASDAQ:SKK) indicates that the trading volumes over the past 10 days have averaged 6.12 and over the past 3 months, they’ve averaged 4.29 million. According to company’s latest data on outstanding shares, there are 15.62 million shares outstanding.
The data on short interest also indicates that stock shorts accounted for 0.65 million shares as on 2024-11-29, resulting in a short ratio of 0.09. According to the data, the short interest in SKK Holdings Ltd (SKK) stood at 1371.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 13389.0. The stock has risen by 9.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SKK stock heading into the next quarter.
