Skyworks Solutions, Inc. (NASDAQ:SWKS) traded at $106.59 at close of the session on Tuesday, April 30, made a downward move of -1.18% on its previous day’s price.
Looking at the stock we see that its previous close was $107.86 . The company has a trailing 12-month PE ratio of 18.89. In terms of its 52-week price range, SWKS has a high of $115.69 and a low of $85.06. The company’s stock has lost about -0.42% over that past 30 days.
Skyworks Solutions, Inc. has a market cap of $17.10 billion. With its Forward Dividend at 2.66 and a yield of 2.50%, the company’s investors could be anxious for the SWKS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.52, with the EPS growth for the year raised at $6.91 for 2024 and $8.16 for next year. These figures represent -18.90% and 18.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.05 billion, with a low of $1.04 billion and a high of $1.06 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.44 billion, or -6.90% down from figures reported last year.
On the other hand, looking at the outlook for the SWKS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the SWKS stock currently stands at 1.26, and the current price level is 4.06% off its SMA20 and 2.43% from its 50-day simple moving average. The RSI (14) is pointing at 58.01 while the volatility over the past week is 2.59% and jumps to 2.49% over the past one month. The beta value is 1.36, while the average true range (ATR) is currently pointing at 2.73.
Coming back to Skyworks Solutions, Inc. (NASDAQ:SWKS), we note that the average 3-month trading volume was 2.40 million. Current shares outstanding are 160.44 million.
The insiders hold 0.36% of the company’s shares while institutions hold 86.60%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -5.19% down in year-to-date price movement.
