Sky Metals (Australia) Price on June 5, 2024
| SKY Stock | 0.05 0 1.92% |
Below is the normalized historical share price chart for Sky Metals extending back to March 11, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sky Metals stands at 0.05, as last reported on the 29th of November, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day.
If you're considering investing in Sky Stock, it is important to understand the factors that can impact its price. Sky Metals appears to be out of control, given 3 months investment horizon. Sky Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Sky Metals' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please review Sky Metals' Risk Adjusted Performance of 0.1407, coefficient of variation of 579.22, and Semi Deviation of 2.89 to confirm if our risk estimates are consistent with your expectations.
At this time, Sky Metals' Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 619 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 44.4 M in 2024. . Sky Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0392 | 50 Day MA 0.0504 | Beta 0.002 |
Sky |
Sharpe Ratio = 0.1782
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| Small Returns | SKY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.96 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.88 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Sky Metals is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sky Metals by adding it to a well-diversified portfolio.
Price Book 2.0576 | Book Value 0.029 | Enterprise Value 32.4 M | Enterprise Value Ebitda (9.53) | Price Sales 723.194 |
Sky Metals Valuation on June 5, 2024
It is possible to determine the worth of Sky Metals on a given historical date. On June 5, 2024 Sky was worth 0.038 at the beginning of the trading date compared to the closed value of 0.038. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sky Metals stock. Still, in general, we apply an absolute valuation method to find Sky Metals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sky Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sky Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 650,350 | |
06/05/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 448,450 |
| 0.04 | 0.04 | 0.04 | 0.04 | 45,000 |
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Sky Metals Trading Date Momentum on June 5, 2024
| On June 06 2024 Sky Metals was traded for 0.04 at the closing time. The maximum traded price for the trading interval was 0.04 and the lowest daily price was 0.04 . The daily volume was recorded at 45 K. The volume of trading on 6th of June 2024 did not result in any price rise and fall. The trading price change to the closing price today is 15.79% . |
Sky Metals Fundamentals Correlations and Trends
By evaluating Sky Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sky Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sky financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sky Metals Stock history
Sky Metals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sky is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sky Metals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sky Metals stock prices may prove useful in developing a viable investing in Sky Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 589.6 M | 619 M | |
| Net Loss | -8.6 M | -8.2 M |
Sky Metals Quarterly Net Working Capital |
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Sky Metals Stock Technical Analysis
Sky Metals 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, stock market cycles, or different charting patterns.
Price Boundaries
Sky Metals Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Sky Metals cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sky Metals November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Sky Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sky Metals shares will generate the highest return on investment. By undertsting and applying Sky Metals stock market strength indicators, traders can identify Sky Metals entry and exit signals to maximize returns
Sky Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sky Metals' price direction in advance. Along with the technical and fundamental analysis of Sky Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sky to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1407 | |||
| Jensen Alpha | 0.7733 | |||
| Total Risk Alpha | 0.099 | |||
| Sortino Ratio | 0.1608 | |||
| Treynor Ratio | 1.4 |
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Additional Tools for Sky Stock Analysis
When running Sky Metals' price analysis, check to measure Sky Metals' 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 Sky Metals is operating at the current time. Most of Sky Metals' value examination focuses on studying past and present price action to predict the probability of Sky Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Metals' price. Additionally, you may evaluate how the addition of Sky Metals to your portfolios can decrease your overall portfolio volatility.