In the latest trading session,, 0.68 million Skechers U S A, Inc. (NYSE:SKX) shares changed hands as the company’s beta touched 1.27. With the company’s most recent per share price at $70.54 changing hands around $2.25 or 3.30% at last look, the market valuation stands at $10.76B. SKX’s last price was a premium, traded about 1.05% off its 52-week high of $69.80. The share price had its 52-week low at $45.58, which suggests the last value was 35.38% up since then. When we look at Skechers U S A, Inc.’s average trading volume, we note the 3-month average coming to 1.59 million.
Skechers U S A, Inc. (NYSE:SKX) trade information
Instantly SKX is in green as seen in intraday trades today. With action 3.38%, the performance over the past five days has been green. The jump to weekly highs of 71.39 added 3.30% to the stock’s daily price. The company’s shares are showing year-to-date upside of 13.16%, with the 5-day performance at 3.38% in the green. However, in the 30-day time frame, Skechers U S A, Inc. (NYSE:SKX) is 7.85% up.
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Skechers U S A, Inc. (SKX) estimates and forecasts
Data shows that the Skechers U S A, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.95% over the past 6 months, a 16.33% in annual growth rate that is considerably higher than the industry average of 8.60%. Year-over-year growth is forecast to reach 11.00% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 2.23B. 9 analysts are of the opinion that Skechers U S A, Inc.’s revenue for the current quarter will be 2.23B. The company’s revenue for the corresponding quarters a year ago was 2.01B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 12.67%. The 2024 estimates are for Skechers U S A, Inc. earnings to increase by 20.69%, but the outlook for the next 5-year period is at 15.05% per year.
SKX Dividends
Skechers U S A, Inc. is expected to release its next quarterly earnings report in June.
