The stock of Skechers U S A, Inc. (SKX) has seen a -1.31% decrease in the past week, with a -5.78% drop in the past month, and a -8.72% decrease in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.00% for SKX. The simple moving average for the past 20 days is -3.09% for SKX’s stock, with a 3.60% simple moving average for the past 200 days.
Is It Worth Investing in Skechers U S A, Inc. (NYSE: SKX) Right Now?
Skechers U S A, Inc. (NYSE: SKX) has a price-to-earnings ratio that is above its average at 16.44x. The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SKX is 132.02M, and at present, short sellers hold a 1.89% of that float. On April 17, 2024, the average trading volume of SKX was 1.63M shares.
SKX) stock’s latest price update
The stock of Skechers U S A, Inc. (NYSE: SKX) has increased by 1.61 when compared to last closing price of 56.48. Despite this, the company has experienced a -1.31% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Skechers’ (SKX) diverse range of footwear, expansion of direct-to-consumer segment and bolstering international sales are key strategies for development.
Analysts’ Opinion of SKX
Many brokerage firms have already submitted their reports for SKX stocks, with Barclays repeating the rating for SKX by listing it as a “Overweight.” The predicted price for SKX in the upcoming period, according to Barclays is $71 based on the research report published on April 01, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see SKX reach a price target of $67. The rating they have provided for SKX stocks is “Neutral” according to the report published on March 08th, 2024.
Evercore ISI gave a rating of “Outperform” to SKX, setting the target price at $73 in the report published on February 15th of the current year.
SKX Trading at -3.78% 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 -11.94% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -4.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.61% upper at present.
During the last 5 trading sessions, SKX fell by -1.31%, which changed the moving average for the period of 200-days by +14.03% in comparison to the 20-day moving average, which settled at $59.08. In addition, Skechers U S A, Inc. saw -7.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKX starting from GREENBERG ROBERT, who sale 30,339 shares at the price of $61.11 back on Mar 15 ’24. After this action, GREENBERG ROBERT now owns 132,783 shares of Skechers U S A, Inc., valued at $1,854,016 using the latest closing price.
GREENBERG MICHAEL, the President of Skechers U S A, Inc., sale 25,282 shares at $61.11 during a trade that took place back on Mar 15 ’24, which means that GREENBERG MICHAEL is holding 123,441 shares at $1,544,983 based on the most recent closing price.
Stock Fundamentals for SKX
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.52 for the gross margin
The net margin for Skechers U S A, Inc. stands at 0.07. The total capital return value is set at 0.13. Equity return is now at value 14.38, with 7.56 for asset returns.
Based on Skechers U S A, Inc. (SKX), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.41. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 21.09.
Currently, EBITDA for the company is 966.71 million with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 8.49for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.38.
Conclusion
To sum up, Skechers U S A, Inc. (SKX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
