[Zacks] Skullcandy Inc (NASDAQ:SKUL)(TREND ANALYSIS) Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term.
This method discovered several great candidates for value-oriented investors, but today let’s focus on Skullcandy, Inc. ( SKUL) as this stock is looking especially impressive right now. And while there are numerous reasons why this is the case, we have highlighted three of the most vital reasons for SKUL’s status as a solid value stock,
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Skullcandy Inc (NASDAQ:SKUL) stock is currently trading 50.38% below its 52-week-high, 1.21% above its 52-week-low. The 1-year stock price history is in the range of $5.8 – $11.83. SkullcandyInc (SKUL) has a price to earnings ratio of 23.77 versus Consumer Goods sector average of 14.13. SKUL stock price has underperformed the Nasdaq by 36%. The Audio/Video Products company is currently valued at $0.17 billion and its share price closed the last trading session at $5.87. The stock has a 50-day moving average of $6.83 and a 200-day moving average of $8.45.
SkullcandyInc (SKUL) current short interest stands at 1.22 million shares. It has increased by 12% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.18 million shares, the number of days required to cover the short positions stand at 6.6 days.
The company is expected to announce next quarter earnings on November 04, at consensus estimate of $0.08. SkullcandyInc (SKUL) reported last quarter earnings on August 06. The Audio/Video Products company announced earnings per share of $0.04 against a consensus Street estimate of $0.03, beating the average estimate by $0.01. This corresponds to a decrease of $0.03 compared to the same quarter of the previous fiscal year.
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There are currently nine analysts that cover SkullcandyInc stock. Of those nine, six have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $13.32.
A recent analyst activity consisted of Wunderlich who initiated their coverage on the stock with Buy rating on March 31. Wunderlich fixed their price target at $13. This corresponds to a 121.47% upside from the last closing price. On the date of report, the stock closed at $11.3.
CRT Capital upgraded their Fairly Valued rating to Buy on March 6, and increased their price target on SKUL stock from $9 to $13. This corresponds to a 121.47% upside from the last closing price. On the date of report, the stock closed at $10.4.
Skullcandy Inc. sells audio equipment. The Company supplies headphones, gaming headsets, earbuds, and sports buds. Skullcandy also sells apparel and accessories in the United States and Europe.