With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. The 52-week range on SKYT shows that it touched its highest point at $19.00 and its lowest point at $5.63 during that stretch. It currently has a 1-year price target of $12.30. Beta for the stock currently stands at 3.37.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SKYT was down-trending over the past week, with a drop of -7.58%, but this was down by -18.05% over a month. Three-month performance surged to 12.79% while six-month performance fell -8.95%. The stock lost -5.99% in the past year, while it has lost -32.90% so far this year. A look at the trailing 12-month EPS for SKYT yields -0.35 with Next year EPS estimates of -0.07. For the next quarter, that number is -0.06. This implies an EPS growth rate of 72.94% for this year and -60.87% for next year.
Float and Shares Shorts:
At present, 47.64 million SKYT shares are outstanding with a float of 22.55 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKYT since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.04563005 being high and -$0.04657092 being low. For SKYT, this leads to a yearly average estimate of -$0.046. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.04.
