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SKX
Stock ticker: NYSE
AS OF
Dec 20, 04:59 PM (EDT)
Price
$67.65
Change
+$1.36 (+2.05%)
Capitalization
9.39B

SKX Skechers USA Forecast, Technical & Fundamental Analysis

a developer of lifestyle footwear

SKX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SKX with price predictions
Dec 20, 2024

SKX's Stochastic Oscillator stays in oversold zone for 3 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

SKX moved above its 50-day moving average on November 27, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SKX crossed bullishly above the 50-day moving average on December 04, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKX advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SKX moved out of overbought territory on December 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SKX as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SKX turned negative on December 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 57 similar instances when the indicator turned negative. In of the 57 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for SKX moved below the 200-day moving average on November 14, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

SKX broke above its upper Bollinger Band on December 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SKX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.339) is normal, around the industry mean (3.051). P/E Ratio (17.570) is within average values for comparable stocks, (28.555). SKX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.991). Dividend Yield (0.000) settles around the average of (0.036) among similar stocks. P/S Ratio (1.198) is also within normal values, averaging (1.481).

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SKX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

SKX is expected to report earnings to fall 38.16% to 74 cents per share on January 30

Skechers USA SKX Stock Earnings Reports
Q4'24
Est.
$0.74
Q3'24
Beat
by $0.04
Q2'24
Missed
by $0.04
Q1'24
Beat
by $0.23
Q4'23
Beat
by $0.01
The last earnings report on October 24 showed earnings per share of $1.20, beating the estimate of $1.16. With 7.88M shares outstanding, the current market capitalization sits at 9.39B.
A.I. Advisor
published General Information

General Information

a developer of lifestyle footwear

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
228 Manhattan Beach Boulevard
Phone
+1 310 318-3100
Employees
17900
Web
https://www.skechers.com
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SKX and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, SKX has been loosely correlated with SHOO. These tickers have moved in lockstep 50% of the time. This A.I.-generated data suggests there is some statistical probability that if SKX jumps, then SHOO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKX
1D Price
Change %
SKX100%
+2.05%
SHOO - SKX
50%
Loosely correlated
+0.21%
DECK - SKX
49%
Loosely correlated
+2.77%
CAL - SKX
49%
Loosely correlated
+4.81%
VFC - SKX
46%
Loosely correlated
+2.81%
RL - SKX
46%
Loosely correlated
+3.52%
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