The stock of Skechers U.S.A. Inc. (SKX) has seen a -1.19% decrease in the past week, with a 2.91% gain in the past month, and a 16.80% flourish in the past quarter. The volatility ratio for the week is 2.64%, and the volatility levels for the past 30 days are at 2.72% for SKX. The simple moving average for the last 20 days is -2.52% for SKX’s stock, with a simple moving average of 20.26% for the last 200 days.
Is It Worth Investing in Skechers U.S.A. Inc. (NYSE: SKX) Right Now?
The price-to-earnings ratio for Skechers U.S.A. Inc. (NYSE: SKX) is above average at 19.62x, while the 36-month beta value is 1.31.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Skechers U.S.A. Inc. (SKX) is $59.00, which is $6.69 above the current market price. The public float for SKX is 132.77M, and currently, short sellers hold a 2.36% ratio of that floaft. The average trading volume of SKX on May 26, 2023 was 1.77M shares.
SKX) stock’s latest price update
Skechers U.S.A. Inc. (NYSE: SKX)’s stock price has gone decline by -0.68 in comparison to its previous close of 51.67, however, the company has experienced a -1.19% decrease in its stock price over the last five trading days. MarketWatch.com reported on 10/28/22 that Kanye West escorted out of Skechers office after he showed up unannounced, the company says
SKX Trading at 3.75% 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 -6.30% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.64%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.01% upper at present.
During the last 5 trading sessions, SKX fell by -1.00%, which changed the moving average for the period of 200-days by +31.01% in comparison to the 20-day moving average, which settled at $52.56. In addition, Skechers U.S.A. Inc. saw 22.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKX starting from BLAIR KATHERINE J., who sale 3,500 shares at the price of $52.70 back on May 08. After this action, BLAIR KATHERINE J. now owns 7,000 shares of Skechers U.S.A. Inc., valued at $184,450 using the latest closing price.
SISKIND RICHARD, the Director of Skechers U.S.A. Inc., sale 20,000 shares at $53.68 during a trade that took place back on May 03, which means that SISKIND RICHARD is holding 152,999 shares at $1,073,504 based on the most recent closing price.
Stock Fundamentals for SKX
Current profitability levels for the company are sitting at:
- +7.34 for the present operating margin
- +45.16 for the gross margin
The net margin for Skechers U.S.A. Inc. stands at +5.01. The total capital return value is set at 9.59, while invested capital returns managed to touch 7.88. Equity return is now at value 11.60, with 6.00 for asset returns.
Based on Skechers U.S.A. Inc. (SKX), the company’s capital structure generated 55.66 points at debt to equity in total, while total debt to capital is 35.76. Total debt to assets is 28.83, with long-term debt to equity ratio resting at 35.86. Finally, the long-term debt to capital ratio is 23.04.
When we switch over and look at the enterprise to sales, we see a ratio of 1.20, with the company’s debt to enterprise value settled at 0.24. The receivables turnover for the company is 8.52 and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.
Conclusion
In a nutshell, Skechers U.S.A. Inc. (SKX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
