Skyworks Solutions, Inc. (NASDAQ:SWKS) currently has a daily average trading volume of 2.40M but it saw 9094368 shares traded in last market. With a market cap of 14.49B USD, the company’s current market price of $90.30 came falling about -15.28 while comparing to the previous closing price of $106.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $115.69 and as low as $85.06.
Taking a look at 20-day trading activity of Skyworks Solutions, Inc. (SWKS) gives us an average price of $101.59, while its current price level is -21.95% below from 52-week high level whereas it is 6.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $103.85 while that of 200 days or SMA-200 reads an average of $102.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.07% during that period while stretching the period over a month that decreases to 2.65%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.15 which implies that the stock is in neutral territory.
TD Cowen downgraded its recommendation for the stock as a “Hold” from “Buy” on May 01, 2024 while assigning a price target range of $125-$90. Susquehanna also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $125 and $90.
Over the week, SWKS’s stock price is moving -10.70% down while it is -15.31% when we observe its performance for the past one month. Year-to-date it is -19.68% down and over the past year, the stock is showing a downside performance of -14.46%.
Currently, Skyworks Solutions, Inc.’s total number of outstanding shares is 160.44M. Company’s return on investment (ROI) stands at 11.63% and return on equity (ROE) at 14.14%. It has a price to earnings ratio (P/E ratio) of 16.96 while having a 13.59 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 2.32 while price to sale or P/S ratio amounts to 3.19. Its return on asset (ROA) is 9.97% on average.
