Latest news with #SKSTechnologiesGroupLimited
Business Insider
19 hours ago
- Business
- Business Insider
Wilsons Remains a Buy on SKS Technologies Group Limited (SKS)
Wilsons analyst Ross Barrows maintained a Buy rating on SKS Technologies Group Limited today and set a price target of A$2.36. The company's shares opened today at A$2.06. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Barrows covers the Technology sector, focusing on stocks such as Nextdc Limited, Qoria, and Technology One Limited. According to TipRanks, Barrows has an average return of 12.3% and a 50.93% success rate on recommended stocks. The analyst consensus on SKS Technologies Group Limited is currently a Hold rating. SKS market cap is currently A$234.1M and has a P/E ratio of 21.88.
Yahoo
04-02-2025
- Business
- Yahoo
Is Now The Time To Look At Buying SKS Technologies Group Limited (ASX:SKS)?
SKS Technologies Group Limited (ASX:SKS), is not the largest company out there, but it saw a significant share price rise of 50% in the past couple of months on the ASX. While good news for shareholders, the company has traded much higher in the past year. Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let's examine SKS Technologies Group's valuation and outlook in more detail to determine if there's still a bargain opportunity. Check out our latest analysis for SKS Technologies Group SKS Technologies Group appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 35.53x is currently well-above the industry average of 18.36x, meaning that it is trading at a more expensive price relative to its peers. Another thing to keep in mind is that SKS Technologies Group's share price is quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards the levels of its industry peers over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it's there, it may be hard for it to fall back down into an attractive buying range again. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. SKS Technologies Group's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? It seems like the market has well and truly priced in SKS's positive outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe SKS should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on SKS for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for SKS, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. If you want to dive deeper into SKS Technologies Group, you'd also look into what risks it is currently facing. For example - SKS Technologies Group has 1 warning sign we think you should be aware of. If you are no longer interested in SKS Technologies Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
04-02-2025
- Business
- Yahoo
Is Now The Time To Look At Buying SKS Technologies Group Limited (ASX:SKS)?
SKS Technologies Group Limited (ASX:SKS), is not the largest company out there, but it saw a significant share price rise of 50% in the past couple of months on the ASX. While good news for shareholders, the company has traded much higher in the past year. Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let's examine SKS Technologies Group's valuation and outlook in more detail to determine if there's still a bargain opportunity. Check out our latest analysis for SKS Technologies Group SKS Technologies Group appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 35.53x is currently well-above the industry average of 18.36x, meaning that it is trading at a more expensive price relative to its peers. Another thing to keep in mind is that SKS Technologies Group's share price is quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards the levels of its industry peers over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it's there, it may be hard for it to fall back down into an attractive buying range again. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. SKS Technologies Group's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? It seems like the market has well and truly priced in SKS's positive outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe SKS should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping an eye on SKS for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for SKS, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. If you want to dive deeper into SKS Technologies Group, you'd also look into what risks it is currently facing. For example - SKS Technologies Group has 1 warning sign we think you should be aware of. If you are no longer interested in SKS Technologies Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
