Skechers U S A Inc (NYSE: SKX) stock closed at $65.41 on 4/26/24 after a major increase of 11.2%. Moreover, exceptionally high trading volume at 466% of normal accompanied the advance. The stock has risen 15.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SKX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SkechersUS A has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SkechersUS A has a neutral Appreciation Score of 54 but a good Power Rating of 75, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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