SKK Holdings Ltd. (NASDAQ: SKK)’s stock price has gone rise by 17.33 in comparison to its previous close of 3.75, however, the company has experienced a 57.14% increase in its stock price over the last five trading days. globenewswire.com reported 2024-10-09 that SINGAPORE, Oct. 09, 2024 (GLOBE NEWSWIRE) — SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), a civil engineering service provider that specializes in subsurface utility works in Singapore, today announced the closing of its previously announced initial public offering (the “Offering”) of an aggregate 2,500,000 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $10.0 million, before deducting underwriting discounts and offering expenses. The Company sold 1,750,000 ordinary shares and selling shareholders sold an aggregate of 750,000 ordinary shares. The Company did not receive any proceeds from the sale of shares by the selling shareholders.
Is It Worth Investing in SKK Holdings Ltd. (NASDAQ: SKK) Right Now?
The price-to-earnings ratio for SKK Holdings Ltd. (NASDAQ: SKK) is above average at 314.29x.
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SKK currently public float of 4.37M.The average trading volume of SKK on October 21, 2024 was 1.66M shares.
SKK’s Market Performance
The simple moving average for the past 20 days is 18.67% for SKK’s stock, with a 18.67% simple moving average for the past 200 days.
SKK Trading at 18.67% from the 50-Day Moving Average
After a stumble in the market that brought SKK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.39% of loss for the given period.
During the last 5 trading sessions, SKK rose by +57.14%, in comparison to the 20-day moving average. In addition, SKK Holdings Ltd. saw -27.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SKK
Equity return is now at value 10.20, with 1.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In summary, SKK Holdings Ltd. (SKK) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
