Skyline Stock Today

SKY Stock  USD 85.01  1.36  1.63%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 8

 
100  
 
Zero
Low
Skyline is trading at 85.01 as of the 29th of March 2024; that is 1.63 percent increase since the beginning of the trading day. The stock's open price was 83.65. Skyline has only a 8 % chance of going through financial distress over the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Skyline are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
31st of December 1981
Category
Consumer Cyclical
Classification
Consumer Discretionary
Skyline Champion Corporation produces and sells factory-built housing in North America. The company was founded in 2010 and is headquartered in Troy, Michigan. Skyline Corp operates under Residential Construction classification in the United States and is traded on New York Stock Exchange. The company has 57.75 M outstanding shares of which 1.38 M shares are at this time shorted by investors with about 5.51 days to cover. More on Skyline

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Skyline Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Skyline's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Skyline or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorRichard Florea
Thematic Ideas
(View all Themes)
Old NameSky plc
Business ConcentrationHousehold Durables, Consumer Durables & Apparel, Consumer Discretionary, NYSE Composite, Stock Exchange Of, Farming, Construction Materials, Consumer Discretionary, Household Durables, Residential Construction, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Skyline report their recommendations after researching Skyline's financial statements, talking to executives and customers, or listening in on Skyline's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Skyline. The Skyline consensus assessment is calculated by taking the average forecast from all of the analysts covering Skyline.
Financial Strength
Based on the measurements of operating efficiency obtained from Skyline's historical financial statements, Skyline is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Skyline is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.353.7072
Way Down
Slightly volatile
Gross Profit Margin0.110.0914
Fairly Up
Slightly volatile
Total Current Liabilities300.6 M286.3 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total97.6 M92.9 M
Sufficiently Up
Slightly volatile
Total Assets1.9 B1.8 B
Sufficiently Up
Slightly volatile
Total Current Assets1.3 B1.2 B
Sufficiently Up
Slightly volatile
Skyline's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Skyline's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Skyline's financial leverage. It provides some insight into what part of Skyline's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Skyline's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Skyline deploys its capital and how much of that capital is borrowed.
Liquidity
Skyline cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 12.43 M in debt with debt to equity (D/E) ratio of 0.05, which may show that the company is not taking advantage of profits from borrowing. Skyline has a current ratio of 2.4, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Skyline until it has trouble settling it off, either with new capital or with free cash flow. So, Skyline's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Skyline sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Skyline to invest in growth at high rates of return. When we think about Skyline's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

502.59 Million
Skyline (SKY) is traded on New York Stock Exchange in USA. It is located in 755 West Big Beaver Road, Troy, MI, United States, 48084 and employs 7,700 people. Skyline is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.91 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Skyline's market, we take the total number of its shares issued and multiply it by Skyline's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Skyline runs under Household Durables sector within Consumer Discretionary industry. The entity has 57.75 M outstanding shares of which 1.38 M shares are at this time shorted by investors with about 5.51 days to cover. Skyline has about 747.45 M in cash with 416.23 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.15.
Check Skyline Probability Of Bankruptcy
Ownership Allocation
Skyline maintains a total of 57.75 Million outstanding shares. The majority of Skyline outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Skyline to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Skyline. Please pay attention to any change in the institutional holdings of Skyline as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Skyline Ownership Details

Skyline Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Skyline jumping above the current price in 90 days from now is about 10.15%. The Skyline probability density function shows the probability of Skyline stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 3.3075. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Skyline will likely underperform. Additionally, skyline has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 85.01HorizonTargetOdds Above 85.01
89.78%90 days
 85.01 
10.15%
Based on a normal probability distribution, the odds of Skyline to move above the current price in 90 days from now is about 10.15 (This Skyline probability density function shows the probability of Skyline Stock to fall within a particular range of prices over 90 days) .

Skyline Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Skyline that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Skyline's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Skyline's value.
InstituionRecorded OnShares
William Blair Investment Management, Llc2023-12-31
1.2 M
Geode Capital Management, Llc2023-12-31
1.2 M
Fmr Inc2023-12-31
1.2 M
Alliancebernstein L.p.2023-12-31
1.2 M
Ameriprise Financial Inc2023-12-31
1.1 M
Silvercrest Asset Management Group Llc2023-12-31
958.9 K
Burgundy Asset Management Ltd2023-12-31
736.5 K
Vaughan Nelson Scarbrgh & Mccullough Lp2023-12-31
703.2 K
Charles Schwab Investment Management Inc2023-12-31
573.6 K
Wellington Management Company Llp2023-12-31
M
Vanguard Group Inc2023-12-31
5.4 M
View Skyline Diagnostics

Skyline Historical Income Statement

Skyline Income Statement is one of the three primary financial statements used for reporting Skyline's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Skyline revenue and expense. Skyline Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Skyline's Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 14.8 M in 2024, whereas Non Recurring is likely to drop (1.5 M) in 2024. View More Fundamentals

Skyline Stock Against Markets

Picking the right benchmark for Skyline stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Skyline stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Skyline is critical whether you are bullish or bearish towards Skyline at a given time. Please also check how Skyline's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Skyline without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Skyline Corporate Directors

Skyline corporate directors refer to members of a Skyline board of directors. The board of directors generally takes responsibility for the Skyline's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Skyline's board members must vote for the resolution. The Skyline board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael BermanIndependent DirectorProfile
David LinkIndependent DirectorProfile
William LawsonIndependent DirectorProfile
Ian SamuelsDirectorProfile

How to buy Skyline Stock?

Before investing in Skyline, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Skyline. To buy Skyline stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Skyline. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Skyline stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Skyline stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Skyline stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Skyline, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Skyline Stock please use our How to Invest in Skyline guide.

Already Invested in Skyline?

The danger of trading Skyline is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Skyline is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Skyline. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Skyline is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Skyline offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skyline's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skyline Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skyline Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyline. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Skyline Stock please use our How to Invest in Skyline guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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When running Skyline's price analysis, check to measure Skyline's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skyline is operating at the current time. Most of Skyline's value examination focuses on studying past and present price action to predict the probability of Skyline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline's price. Additionally, you may evaluate how the addition of Skyline to your portfolios can decrease your overall portfolio volatility.
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Is Skyline's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skyline. If investors know Skyline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skyline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.44)
Earnings Share
3.49
Revenue Per Share
34.555
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0873
The market value of Skyline is measured differently than its book value, which is the value of Skyline that is recorded on the company's balance sheet. Investors also form their own opinion of Skyline's value that differs from its market value or its book value, called intrinsic value, which is Skyline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skyline's market value can be influenced by many factors that don't directly affect Skyline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skyline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skyline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skyline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.