Should You Sell SK Growth Opportunities Corp (SKGR) And Go Away This Year?

SK Growth Opportunities Corp (NASDAQ:SKGR) currently has a daily average trading volume of 83.98K but it saw 1664515 shares traded in last market. With a market cap of 173.35M USD, the company’s current market price of $11.33 came rising about 0.49 while comparing to the previous closing price of $11.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.60 and as low as $10.73. In the recent trading on the day, stock has struck highest price mark of $11.32 while lowest mark touched by it was $11.34.

Taking a look at 20-day trading activity of SK Growth Opportunities Corp (SKGR) gives us an average price of $11.27, while its current price level is -2.37% below from 52-week high level whereas it is 5.59% 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 $11.22 while that of 200 days or SMA-200 reads an average of $11.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.39% during that period while stretching the period over a month that decreases to 0.17%. 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 71.28 which implies that the stock is in overbought territory.

Over the week, SKGR’s stock price is moving 0.45% up while it is 0.98% when we observe its performance for the past one month. Year-to-date it is 4.71% up and over the past year, the stock is showing an upside performance of 6.29%.

Currently, SK Growth Opportunities Corp’s total number of outstanding shares is 10.06M. Company’s return on investment (ROI) stands at 4.92% and return on equity (ROE) at 3.27%. It has a price to earnings ratio (P/E ratio) of 51.04. Stock’s beta reads 0.02. Stock has a price to book (P/B) ratio of 1.79. Its return on asset (ROA) is 2.99% on average.