Sky Quarry Inc (NASDAQ: SKYQ) has experienced a decline in its stock price by -16.47 compared to its previous closing price of 1.70. However, the company has seen a fall of -27.18% in its stock price over the last five trading days. globenewswire.com reported 2024-11-15 that Began Trading on NASDAQ Under Ticker Symbol ‘SKYQ’ Closed $6.7 Million Public Offering WOODS CROSS, Utah, Nov. 15, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry ” or the “Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial and Operational Highlights Q3 2024 Revenue of $4.8 million and $19.2 million for the nine months ended September 30, 2024.
Is It Worth Investing in Sky Quarry Inc (NASDAQ: SKYQ) Right Now?
The public float for SKYQ is 17.41M, and currently, shorts hold a 0.50% of that float. The average trading volume for SKYQ on November 20, 2024 was 161.76K shares.
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SKYQ’s Market Performance
The volatility ratio for the week is 15.76%, and the volatility levels for the last 30 days are 18.01% for Sky Quarry Inc (SKYQ). The simple moving average for the past 20 days is -31.07% for SKYQ’s stock, with a -43.99% simple moving average for the past 200 days.
SKYQ Trading at -43.99% from the 50-Day Moving Average
After a stumble in the market that brought SKYQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.13% of loss for the given period.
Volatility was left at 18.01%, however, over the last 30 days, the volatility rate increased by 15.76%, as shares sank -55.76% for the moving average over the last 20 days.
During the last 5 trading sessions, SKYQ fell by -27.18%, in comparison to the 20-day moving average, which settled at $2.0600. In addition, Sky Quarry Inc saw -65.45% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SKYQ
Equity return is now at value -80.01, with -38.38 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In conclusion, Sky Quarry Inc (SKYQ) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
