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 -20.68% away from its 52-week high, while its distance from the 52-week low is 40.55%. The stock’s price range during this period has varied between $44.50 and $78.85. The company, active in the Consumer Cyclical sector, saw a trading volume of around 3.98 million for the day, considerably lower average daily volume of 6.66 million observed over the last three months.
Skechers U S A, Inc had a pretty Dodgy run when it comes to the market performance.
How Financial Performance Impacts Market Capitalization
Skechers U S A, Inc (SKX) has experienced a quarterly rise of 12.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.36B and boasts a workforce of 20100 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
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 0.48. Similarly, the long-term debt-to-equity ratio is also 0.30.
SKX Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -6.98%. However, over the past six months, we’ve seen a stronger performance of -11.02%. The price of SKX fallen by 1.72% over the last 30 days. And in the last five days, it has surged by 0.88%.
