Skechers U S A, Inc. [NYSE: SKX] traded at a low on Thursday, posting a -0.48 loss after which it closed the day’ session at $63.71.
The results of the trading session contributed to over 3540286 shares changing hands. Over the past one week, the price volatility of Skechers U S A, Inc. stands at 2.38% while the volatility over the past one month is 2.52%.
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The market cap for SKX stock reached $9.72 billion, with 132.84 million shares outstanding and 131.29 million shares in the current float. Compared to the average trading volume of 1.88M shares, SKX reached a trading volume of 3540286 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Skechers U S A, Inc. [SKX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SKX shares is $79.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SKX stock is a recommendation set at 1.39. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Skechers U S A, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 23, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $71 to $87. The new note on the price target was released on June 07, 2024, representing the official price target for Skechers U S A, Inc. stock. Previously, the target price had yet another raise to $71, while Barclays analysts kept a Overweight rating on SKX stock.
The Average True Range (ATR) for Skechers U S A, Inc. is set at 1.70, with the Price to Sales ratio for SKX stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 2.34, with the Price to Cash per share for the same quarter was set at 7.27. Price to Free Cash Flow for SKX in the course of the last twelve months was 14.98 with Quick ratio for the last quarter at 1.56.
How has SKX stock performed recently?
Skechers U S A, Inc. [SKX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.96. With this latest performance, SKX shares dropped by -12.50% in over the last four-week period, additionally plugging by 3.93% over the last 6 months – not to mention a rise of 22.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SKX stock in for the last two-week period is set at 36.59, with the RSI for the last a single of trading hit 34.33, and the three-weeks RSI is set at 39.64 for Skechers U S A, Inc. [SKX]. The present Moving Average for the last 50 days of trading for this stock 69.18, while it was recorded at 64.09 for the last single week of trading, and 61.18 for the last 200 days.
Skechers U S A, Inc. [SKX]: Deeper insight into the fundamentals
Skechers U S A, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.56 and a Current Ratio set at 2.39.
Earnings analysis for Skechers U S A, Inc. [SKX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SKX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Skechers U S A, Inc. go to 16.78%.
Insider trade positions for Skechers U S A, Inc. [SKX]
The top three institutional holders of SKX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SKX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SKX stock with ownership which is approximately 5.1238%.
