Skechers U.S.A., Inc. (SKX)’s last traded at $26.60 and with moved of -6.04% on 04-Dec-18 compared to daily average volume of 2.62 million shares. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.38. Investors of this company earned a return of 6.40% on the assets it owns in past twelve month. The company generated a return on equity (ROE) of 9.60%. A high ROE indicates successfully earning more assets and value for its shareholders off its reinvested earnings. A low ROE warns that the company is not generating a good return on its reinvested earnings. The stock has a market capitalization of $4135.50, a price-to-earnings ratio of 15.12 and a beta of 0.32. SKX has a 1 year low of 11.76% and a 1 year high of -38.25%.
In terms of Skechers U.S.A., Inc. (SKX) stock price comparison to its moving averages, shares of company are -2.70% away from the 50-day moving average and -4.22% away from 20-day average. If we take a long term observation, shares have been trading at a distance of -14.48% from the 200-day moving average. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading.
Now have a look at past performance (weekly performance to year to date performance) how Skechers U.S.A., Inc. (SKX) has been moved; whether it performed well or not. SKX reported a change of 1.26% over the last week and performed -9.03% over the last month while its year to date (YTD) performance revealed an activity trend of -29.70%. The stock’s quarterly performance specifies a shift of -7.28%, and its last twelve month performance is stands at -24.39% while moved -6.90% for the past six months.
SKX has discernible measure of stock volatility. The volatility is a numerical value of the dispersion of returns for a specified security or market index. It can be either evaluated by implementing the standard deviation method or variance method between profits from that equivalent security or market index. If the stock volatility is on the rise in the market, then it will create more risky situation of the security and vice versa. Meanwhile, the company retains the average true range (ATR) indicator of around about 1.07that is expressing range of a day’s stock trading is high-low. This indicator is usually direct assessment of volatility.
Price earnings ratio (P/E) ratio Analysis about Skechers U.S.A., Inc. (SKX):
Skechers U.S.A., Inc. (SKX) stock analysis is based on price earnings ratio (P/E) ratio. P/E tells more about the company current situation and future performance. The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. This is why the price to earnings ratio is often called a price multiple or earnings multiple. Investors use this ratio to decide what multiple of earnings a share is worth. In other words, how many times earnings they are willing to pay. As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Price earnings ratio (P/E) ratio of Skechers U.S.A., Inc. (SKX) is 15.12. SKX has price to earnings growth (PEG) ratio of 0.84 and Forward P/E of 13.28.
In the meantime, SKX has week volatility of up to 3.81%. On the other side, the firm has one month volatility of 3.50%. Realistically speaking, this volatility measure can be used by stock traders of the mini-market for multiple reasons and purposes in evaluating the actual price momentum plus the rate of change in SKX’s price. When it comes to Change in the stock prices, it is an everyday trend in the market stock. Therefore, the market forces take this very seriously. The change in prices occurs due to supply and demand. If you want to buy more stock (demand) than sell it (supply), then the price volume will go up.
Relative Strength Index (RSI) – A Unique Technical Indicator
This technical indicator is largely used on a 14-Days time period, weighed on a scale from 0 to 100, with both ascending and descending volumes manifested at 70 and 30, correspondingly. Both upward and downward levels do not crop up frequently – 80 and 20 and 90 and 10. Nevertheless, they show us a clear-cut picture by making a strong impact. The indicator showed that 14-Day RSI of the SKX was currently settled 46.63.
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