Daily Market Movement: SKK Holdings Ltd (SKK) Sees a 0.67% Increase, Closing at $0.41

Nora Barnes

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

The closing price of SKK Holdings Ltd (NASDAQ: SKK) was $0.41 for the day, up 0.67% from the previous closing price of $0.41. In other words, the price has increased by $0.67 from its previous closing price. On the day, 0.64 million shares were traded. SKK stock price reached its highest trading level at $0.42 during the session, while it also had its lowest trading level at $0.405.

Ratios:

Our analysis of SKK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.76. In the meantime, Its Debt-to-Equity ratio is 1.55 whereas as Long-Term Debt/Eq ratio is at 1.10.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKK now has a Market Capitalization of 7644375 and an Enterprise Value of 10878125. As of this moment, SKK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 0.963 whereas that against EBITDA is 5.202.

Stock Price History:

The Beta on a monthly basis for SKK is -1.27, which has changed by -0.8767372 over the last 52 weeks, in comparison to a change of 0.13724327 over the same period for the S&P500. Over the past 52 weeks, SKK has reached a high of $11.45, while it has fallen to a 52-week low of $0.38. The 50-Day Moving Average of the stock is -4.43%, while the 200-Day Moving Average is calculated to be -40.91%.

Shares Statistics:

SKK traded an average of 476.54K shares per day over the past three months and 681550 shares per day over the past ten days. A total of 15.62M shares are outstanding, with a floating share count of 5.73M. Insiders hold about 69.46% of the company’s shares, while institutions hold 0.94% stake in the company. Shares short for SKK as of 1759190400 were 71603 with a Short Ratio of 0.15, compared to 1756425600 on 49110. Therefore, it implies a Short% of Shares Outstanding of 71603 and a Short% of Float of 0.91.

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