Skyworks Solutions, Inc (NASDAQ:SWKS) shares, rose in value, with the stock price down by -2.27% to the previous day’s close as strong demand from buyers drove the stock to $69.77.
Actively observing the price movement in the last trading, the stock closed the session at $71.39. The PE ratio was 27.25 over 12-month period. Referring to stock’s 52-week performance, its high was $120.86, and the low was $47.93. On the whole, SWKS has fluctuated by 12.33% over the past month.
With the market capitalization of Skyworks Solutions, Inc currently standing at about $10.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 4.01%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SWKS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SWKS currently trading nearly 0.24% and 8.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.76, while the 7-day volatility ratio is showing 2.31% which for the 30-day chart, stands at 2.21%. Furthermore, Skyworks Solutions, Inc (SWKS)’s beta value is 1.17, and its average true range (ATR) is 2.42.
A comparison of Skyworks Solutions, Inc (SWKS) with its peers suggests the former has fared considerably weaker in the market. SWKS showed an intraday change of -2.27% in last session, and over the past year, it shrunk by -23.51%%.
Data on historical trading for Skyworks Solutions, Inc (NASDAQ:SWKS) indicates that the trading volumes over the past 3 months, they’ve averaged 3.99 million. According to company’s latest data on outstanding shares, there are 153.60 million shares outstanding.
Nearly 0.42% of Skyworks Solutions, Inc’s shares belong to company insiders and institutional investors own 101.66% of the company’s shares. The stock has fallen by -21.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SWKS stock heading into the next quarter.
