The public float for SKK is 4.37M, and at present, short sellers hold a 6.70% of that float. The average trading volume of SKK on December 26, 2024 was 3.53M shares.
SKK) stock’s latest price update
The stock price of SKK Holdings Ltd (NASDAQ: SKK) has jumped by 128.61 compared to previous close of 0.75. Despite this, the company has seen a gain of 106.52% 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.
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SKK’s Market Performance
The volatility ratio for the week is 15.22% while the volatility levels for the last 30 days are 13.80% for SKK Holdings Ltd The simple moving average for the last 20 days is 57.82% for SKK’s stock, with a simple moving average of -49.94% for the last 200 days.
SKK Trading at -49.53% 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 -85.07% of loss for the given period.
Volatility was left at 13.80%, however, over the last 30 days, the volatility rate increased by 15.22%, as shares surge +61.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.31% lower at present.
During the last 5 trading sessions, SKK rose by +189.86%, in comparison to the 20-day moving average, which settled at $1.1180. In addition, SKK Holdings Ltd saw -71.74% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SKK
Equity return is now at value -44.80, with -6.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
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.
