Skechers U.S.A. Inc. (NYSE:SKX) went down by -2.21% from its latest closing price compared to the recent 1-year high of $55.87. The company’s stock price has collected -4.32% of loss in the last five trading sessions. Press Release reported 14 hours ago that Amanda Kloots to Appear in Skechers Footwear & Apparel Campaigns
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 18.20 x from its present earnings ratio. Plus, the 36-month beta value for SKX is at 1.45. 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 $61.92, which is $17.42 above the current price. SKX currently public float of 132.93M and currently shorts hold a 2.35% ratio of that float. Today, the average trading volume of SKX was 1.39M shares.
SKX’s Market Performance
SKX stocks went down by -4.32% for the week, with a monthly jump of 2.40% and a quarterly performance of 0.91%, while its annual performance rate touched 18.70%. The volatility ratio for the week stands at 3.14% while the volatility levels for the past 30 days are set at 2.88% for Skechers U.S.A. Inc.. The simple moving average for the period of the last 20 days is 1.61% for SKX stocks with a simple moving average of -5.82% for the last 200 days.
Analysts’ Opinion of SKX
Many brokerage firms have already submitted their reports for SKX stocks, with Wedbush repeating the rating for SKX by listing it as a “Outperform.” The predicted price for SKX in the upcoming period, according to Wedbush is $54 based on the research report published on January 04th of the current year 2022.
Wedbush gave a rating of “Neutral” to SKX, setting the target price at $43 in the report published on October 05th of the previous year.
SKX Trading at -2.24% 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 -20.69% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares surge +2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.47% lower at present.
During the last 5 trading sessions, SKX fell by -4.32%, which changed the moving average for the period of 200-days by +6.23% in comparison to the 20-day moving average, which settled at $43.67. In addition, Skechers U.S.A. Inc. saw 2.10% 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 GREENBERG JEFFREY, who sale 9,000 shares at the price of $43.55 back on Sep 24. After this action, GREENBERG JEFFREY now owns 749,399 shares of Skechers U.S.A. Inc., valued at $391,921 using the latest closing price.
GREENBERG JEFFREY, the Director of Skechers U.S.A. Inc., sale 50,000 shares at $45.38 during a trade that took place back on Sep 16, which means that GREENBERG JEFFREY is holding 758,399 shares at $2,269,140 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 14.80, with 6.70 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 1.31, 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.