Skullcandy (SKUL) has risen sharply, recording gains of 0.66% in the past 4 weeks. However, the stock has corrected -1.6% in the past 1 week, providing a good buying opportunity on dips. Skullcandy (SKUL) : During the past 4 weeks, traders have been relatively bearish on Skullcandy (SKUL), hence the stock is down -0.37% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.66% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 10.92%. Skullcandy (NASDAQ:SKUL): On Fridays trading session , Opening price of the stock was $6.15 with an intraday high of $6.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.1365. However, the stock managed to close at $6.14, a loss of 0.32% for the day. On the previous day, the stock had closed at $6.16. The total traded volume of the day was 645,080 shares.
The company Insiders own 7.7% of Skullcandy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.9% . Institutional Investors own 49.51% of Skullcandy shares. During last six month period, the net percent change held by insiders has seen a change of -19.9%. Also, Equity Analysts at the DA Davidson downgrades the rating on Skullcandy (NASDAQ:SKUL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency raises the price target from $4.5 per share to $5 per share. The rating by the firm was issued on June 8, 2016.
Skullcandy, Inc. is a designer, marketer and distributer of audio and gaming headphones, earbuds, speakers and other accessories under the Skullcandy, Astro Gaming and 2XL brands. The Companys products are sold and distributed through a variety of channels in the United States and approximately 80 countries across the world. The Company offers an array of styles and price points and includes audio products and categories, such as gaming and sports performance, womens and Wireless offerings, as well as partnerships with manufacturers to license its brand. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. International segment includes Skullcandy product sales to customers in Europe, Asia, Canada and Mexico, which are served through the Companys joint venture and other geographic areas outside the United States served by its International operations.