The stock of SK Growth Opportunities Corp (SKGR) has gone up by 0.18% for the week, with a 0.45% rise in the past month and a 0.81% rise in the past quarter. The volatility ratio for the week is 0.02%, and the volatility levels for the past 30 days are 0.09% for SKGR. The simple moving average for the past 20 days is 0.23% for SKGR’s stock, with a 1.91% simple moving average for the past 200 days.
Is It Worth Investing in SK Growth Opportunities Corp (NASDAQ: SKGR) Right Now?
SK Growth Opportunities Corp (NASDAQ: SKGR) has a price-to-earnings ratio that is above its average at 50.54x. The stock has a 36-month beta value of 0.02.
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The public float for SKGR is 9.69M, and at present, short sellers hold a 0.03% of that float. On August 22, 2024, the average trading volume of SKGR was 45.43K shares.
SKGR) stock’s latest price update
SK Growth Opportunities Corp (NASDAQ: SKGR) has experienced a rise in its stock price by 0.18 compared to its previous closing price of 11.20. However, the company has seen a gain of 0.18% in its stock price over the last five trading days. youtube.com reported 2024-02-29 that Anthony Denier, Webull Group president and U.S. CEO, joins CNBC”s “Money Movers” to discuss his company’s decision to go public via a SPAC.
SKGR Trading at 0.55% from the 50-Day Moving Average
After a stumble in the market that brought SKGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.32% of loss for the given period.
Volatility was left at 0.09%, however, over the last 30 days, the volatility rate increased by 0.02%, as shares surge +0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.90% upper at present.
During the last 5 trading sessions, SKGR fell by -0.26%, which changed the moving average for the period of 200-days by +4.23% in comparison to the 20-day moving average, which settled at $11.19. In addition, SK Growth Opportunities Corp saw 3.70% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SKGR
The total capital return value is set at -0.03. Equity return is now at value 3.27, with 2.99 for asset returns.
Based on SK Growth Opportunities Corp (SKGR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.17. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -1.47.
Currently, EBITDA for the company is -2.15 million with net debt to EBITDA at -1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
To sum up, SK Growth Opportunities Corp (SKGR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
