Will Sky Solar Holdings continue to grow in October?
By Raphi Shpitalnik | Macroaxis Story |
In general, we focus on analyzing Sky Solar (NASDAQ:SKYS) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sky Solar Holdings daily price indicators and compare them against related drivers. Today we will sum up Sky Solar. Why are we still confident in our hopes for a recovery.
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Reviewed by Michael Smolkin
Sky Solar Holdings's average rating is Strong Buy from 2 analysts. We provide advice to complement the current expert consensus on Sky Solar. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. About 26.0% of the company outstanding shares are owned by corporate insiders. Sky Solar Holdings has Price/Earnings To Growth (PEG) ratio of 0.51. The entity recorded a loss per share of 2.01. The firm had not issued any dividends in recent years. Sky Solar had 2-5 split on the 8th of November 2019.
A focus of Sky Solar technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sky Solar trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
Use Technical Analysis to project Sky expected Price
Sky Solar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
Details
The entity reported the previous year's revenue of 48.95 M. Net Loss for the year was (42.06 M) with profit before overhead, payroll, taxes, and interest of 27.06 M.
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