Skechers U S A, Inc (NYSE:SKX) shares, rose in value, with the stock price down by -0.08% to the previous day’s close as strong demand from buyers drove the stock to $61.98.
Actively observing the price movement in the last trading, the stock closed the session at $62.03. The PE ratio was 14.91 over 12-month period. Referring to stock’s 52-week performance, its high was $78.85, and the low was $44.50. On the whole, SKX has fluctuated by 28.83% over the past month.
With the market capitalization of Skechers U S A, Inc currently standing at about $9.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SKX’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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 186.41, with the price of SKX currently trading nearly 3.53% and 12.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.26, while the 7-day volatility ratio is showing 0.23% which for the 30-day chart, stands at 4.93%. Furthermore, Skechers U S A, Inc (SKX)’s beta value is 1.14, and its average true range (ATR) is 1.19.
A comparison of Skechers U S A, Inc (SKX) with its peers suggests the former has fared considerably weaker in the market. SKX showed an intraday change of -0.08% in last session, and over the past year, it shrunk by -8.01%%.
Data on historical trading for Skechers U S A, Inc (NYSE:SKX) indicates that the trading volumes over the past 3 months, they’ve averaged 6.45 million. According to company’s latest data on outstanding shares, there are 130.29 million shares outstanding.
Nearly 25.26% of Skechers U S A, Inc’s shares belong to company insiders and institutional investors own 86.35% of the company’s shares. The stock has fallen by -7.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SKX stock heading into the next quarter.
