The price-to-earnings ratio for Champion Homes Inc (NYSE: SKY) is above average at 40.19x. The 36-month beta value for SKY is also noteworthy at 1.59. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for SKY is 55.94M, and at present, short sellers hold a 1.94% of that float. The average trading volume of SKY on November 28, 2024 was 393.34K shares.
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SKY) stock’s latest price update
The stock of Champion Homes Inc (NYSE: SKY) has increased by 0.27 when compared to last closing price of 103.45. Despite this, the company has experienced a 5.70% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-12 that TROY, Mich.–(BUSINESS WIRE)–Champion Homes is strengthening its commitment to affordable, sustainable housing in North America with a new arrangement with iUnit Communities to build attainable and environmentally responsible homes in Accomack County, Va. This arrangement with prefab home builder and developer iUnit Communities leverages an Innovation Grant from Virginia Housing. Two modular cottages called the Innovation Cottages will be built at Champion Homes’s Liverpool, Pa., factory as a.
SKY’s Market Performance
Champion Homes Inc (SKY) has experienced a 5.70% rise in stock performance for the past week, with a 15.98% rise in the past month, and a 13.75% rise in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.95% for SKY. The simple moving average for the last 20 days is 7.22% for SKY stock, with a simple moving average of 24.68% for the last 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 9.33% 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 -3.30% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +15.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.69% upper at present.
During the last 5 trading sessions, SKY rose by +5.70%, which changed the moving average for the period of 200-days by +34.14% in comparison to the 20-day moving average, which settled at $96.75. In addition, Champion Homes Inc saw 39.68% 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
- 0.27 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 10.61, with 8.13 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 2.15. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 37.33.
Currently, EBITDA for the company is 210.12 million with net debt to EBITDA at -1.95. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 30.71for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
In summary, Champion Homes Inc (SKY) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
