Skechers U S A, Inc (NYSE: SKX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

Stocks Info

Skechers U S A, Inc is listed on the NYSE in the Consumer Cyclical sector while operating in the Footwear & Accessories industry. The current market capitalization of Skechers U S A, Inc is $9.65B. A total of 1.01 million shares were traded on the day, compared to an average of 2.16M shares.

In the most recent transaction, GREENBERG MICHAEL sold 422,000 shares of SKX for 69.88 per share on Aug 27 ’24. After the transaction, the President now owns 170,160 company shares. In a previous transaction on Aug 27 ’24, THE MICHAEL GREENBERG TRUST bought 422,000 shares at 69.86 per share.

Among the insiders who sold shares, Garcia Zulema disposed of 1,100 shares on Jun 07 ’24 at a per-share price of $72.80. This resulted in the Director holding 12,900 shares of SKX after the transaction. In another insider transaction, PACCIONE PHILLIP sold 423 shares at $69.45 per share on Jun 04 ’24. Company shares held by the General Counsel & Secretary now total 35,000.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SKX has a high of $75.09 and a low of $55.67.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SKX’s latest balance sheet shows that the firm has $894.86M in Cash & Short Term Investments as of fiscal 2021. There were $1.66B in debt and $1.45B in liabilities at the time. Its Book Value Per Share was $28.87, while its Total Shareholder’s Equity was $3.54B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SKX is Buy with a score of 4.73.

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