The price-to-earnings ratio for Champion Homes Inc. (NYSE: SKY) is 40.77x, which is above its average ratio. Moreover, the 36-month beta value for SKY is 1.58. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SKY is 56.12M and currently, short sellers hold a 1.30% of that float. On October 18, 2024, SKY’s average trading volume was 409.33K shares.
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SKY) stock’s latest price update
The stock of Champion Homes Inc. (NYSE: SKY) has increased by 0.42 when compared to last closing price of 98.74.Despite this, the company has seen a gain of 6.66% in its stock price over the last five trading days. marketbeat.com reported 2024-10-14 that Champion Homes, Inc. NYSE: SKY, formerly Skyline Champion, got a name change in 2024, doing little to alter the outlook. The outlook is bright because market conditions, persistently low housing inventory, and its focus on affordability make it a winner for consumers.
SKY’s Market Performance
Champion Homes Inc. (SKY) has seen a 6.66% rise in stock performance for the week, with a 6.76% gain in the past month and a 30.67% surge in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 2.46% for SKY. The simple moving average for the past 20 days is 4.85% for SKY’s stock, with a 24.27% simple moving average for the past 200 days.
Analysts’ Opinion of SKY
Many brokerage firms have already submitted their reports for SKY stocks, with Wedbush repeating the rating for SKY by listing it as a “Neutral.” The predicted price for SKY in the upcoming period, according to Wedbush is $72 based on the research report published on December 18, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see SKY reach a price target of $60, previously predicting the price at $65. The rating they have provided for SKY stocks is “Equal Weight” according to the report published on December 14th, 2022.
RBC Capital Mkts gave a rating of “Sector Perform” to SKY, setting the target price at $54 in the report published on November 03rd of the previous year.
SKY Trading at 8.23% from the 50-Day Moving Average
After a stumble in the market that brought SKY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.17% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +3.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.86% upper at present.
During the last 5 trading sessions, SKY rose by +6.66%, which changed the moving average for the period of 200-days by +32.73% in comparison to the 20-day moving average, which settled at $94.57. In addition, Champion Homes Inc. saw 33.52% 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 SKY starting from Yost Mark J., who sale 15,000 shares at the price of $87.10 back on Sep 10 ’24. After this action, Yost Mark J. now owns 212,327 shares of Champion Homes Inc., valued at $1,306,500 using the latest closing price.
Yost Mark J., the CEO & President of Champion Homes Inc., sale 15,000 shares at $85.97 during a trade that took place back on Sep 11 ’24, which means that Yost Mark J. is holding 197,327 shares at $1,289,523 based on the most recent closing price.
Stock Fundamentals for SKY
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.26 for the gross margin
The net margin for Champion Homes Inc. stands at 0.09. The total capital return value is set at 0.15. Equity return is now at value 10.30, with 7.84 for asset returns.
Based on Champion Homes Inc. (SKY), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.98. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 47.75.
Currently, EBITDA for the company is 175.21 million with net debt to EBITDA at -2.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 29.47for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
To wrap up, the performance of Champion Homes Inc. (SKY) has been better in recent times. The stock has received a bullish of “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.
