Skechers U.S.A. Inc. (NYSE:SKX) went down by -1.65% from its latest closing price compared to the recent 1-year high of $55.87. The company’s stock price has collected -2.45% of loss in the last five trading sessions. Press Release reported on 09/09/21 that Skechers Athlete Emily Pedersen Sinks Birdie to Help Secure Team Europe Victory at 2021 Solheim Cup
Is It Worth Investing in Skechers U.S.A. Inc. (NYSE :SKX) Right Now?
Skechers U.S.A. Inc. (NYSE:SKX) scored a price-to-earnings ratio above its average ratio, recording 20.71 x from its present earnings ratio. Plus, the 36-month beta value for SKX is at 1.48. Opinions of the stock are interesting as 11 analysts out of 14 who provided ratings for Skechers U.S.A. Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $64.13, which is $18.67 above the current price. SKX currently public float of 132.91M and currently shorts hold a 2.37% ratio of that float. Today, the average trading volume of SKX was 1.19M shares.
SKX’s Market Performance
SKX stocks went down by -2.45% for the week, with a monthly drop of -13.96% and a quarterly performance of -7.80%, while its annual performance rate touched 43.70%. The volatility ratio for the week stands at 2.66% while the volatility levels for the past 30 days are set at 2.80% for Skechers U.S.A. Inc.. The simple moving average for the period of the last 20 days is -7.69% for SKX stocks with a simple moving average of 3.63% for the last 200 days.
Analysts’ Opinion of SKX
Many brokerage firms have already submitted their reports for SKX stocks, with Monness Crespi & Hardt repeating the rating for SKX by listing it as a “Buy.” The predicted price for SKX in the upcoming period, according to Monness Crespi & Hardt is $65 based on the research report published on July 23rd of the current year 2021.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see SKX reach a price target of $55. The rating they have provided for SKX stocks is “Buy” according to the report published on July 20th, 2021.
Morgan Stanley gave a rating of “Overweight” to SKX, setting the target price at $56 in the report published on April 23rd of the current year.
SKX Trading at -10.29% from the 50-Day Moving Average
After a stumble in the market that brought SKX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.72% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -8.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.36% lower at present.
During the last 5 trading sessions, SKX fell by -2.45%, which changed the moving average for the period of 200-days by +31.66% in comparison to the 20-day moving average, which settled at $48.98. In addition, Skechers U.S.A. Inc. saw 26.35% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SKX starting from Walsh Thomas, who sale 3,000 shares at the price of $53.86 back on Aug 04. After this action, Walsh Thomas now owns 14,500 shares of Skechers U.S.A. Inc., valued at $161,568 using the latest closing price.
PACCIONE PHILLIP, the General Counsel & Secretary of Skechers U.S.A. Inc., sale 741 shares at $54.21 during a trade that took place back on Aug 03, which means that PACCIONE PHILLIP is holding 40,000 shares at $40,170 based on the most recent closing price.
Stock Fundamentals for SKX
Current profitability levels for the company are sitting at:
- +2.96 for the present operating margin
- +44.52 for the gross margin
The net margin for Skechers U.S.A. Inc. stands at +2.14. The total capital return value is set at 3.03, while invested capital returns managed to touch 2.61. Equity return is now at value 13.90, with 6.10 for asset returns.
Based on Skechers U.S.A. Inc. (SKX), the company’s capital structure generated 89.24 points at debt to equity in total, while total debt to capital is 47.16. Total debt to assets is 38.10, with long-term debt to equity ratio resting at 70.30. Finally, the long-term debt to capital ratio is 37.15.
When we switch over and look at the enterprise to sales, we see a ratio of 1.43, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 6.62 and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.76.