Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Skechers U S A, Inc.’s current trading price is -18.02% away from its 52-week high, while its distance from the 52-week low is 35.06%. The stock’s price range during this period has varied between $45.58 and $75.09. The company, active in the Consumer Cyclical sector, saw a trading volume of around 9.17 million for the day, considerably higher average daily volume of 1.9 million observed over the last three months.
Skechers U S A, Inc.’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $75.09 on 06/12/24, with the lowest value being $45.58 on 10/27/23.
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How Financial Performance Impacts Market Capitalization
Skechers U S A, Inc. (SKX) has experienced a quarterly decline of -15.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.38B and boasts a workforce of 17900 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 67.44, with a change in price of -3.85. Similarly, Skechers U S A, Inc. recorded 1,828,437 in trading volume during the last 100 days, posting a change of -5.89%.
How SKX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SKX stands at 0.42. Similarly, the long-term debt-to-equity ratio is also 0.28.
SKX Stock Stochastic Average
As of today, the raw stochastic average of Skechers U S A, Inc. over the last 50 days is at 34.15%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 18.83%. Further, the company’s Stochastic %K and %D values for the last 20 days were 46.02% and 53.30%, respectively.
SKX Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -1.25% this year. Over the last six months, there has been a weaker performance of 0.90%. The price of SKX leaped by -6.37% during the last 30 days period. For the last 5-days stocks have slided -7.22%.
