Skillsoft, a leading provider of cloud-based learning and talent management solutions, has recently unveiled a significant change in its common stock structure. In an effort to meet the Nasdaq minimum bid price requirement, the company has implemented a 1-for-20 reverse stock split. This strategic move was approved by Skillsoft’s stockholders during the Annual Meeting of Stockholders on June 20, 2023. The reverse stock split officially took effect on June 23, 2023, marking a new era for Skillsoft’s Class A common stock as it commenced trading on a split-adjusted basis.
By undertaking this reverse stock split, Skillsoft aims to regain compliance with the Nasdaq’s regulations, ensuring its continued presence in the stock market. This bold step reflects the company’s commitment to maintaining a strong financial position and maximizing shareholder value. As Skillsoft navigates the ever-evolving landscape of cloud-based learning and talent management, this strategic move serves as a testament to their dedication to growth and adaptability.
As of September 19, 2023, Skillsoft’s reverse stock split remains a significant milestone in the company’s journey, positioning them for future success in the competitive market. With their cloud-based solutions continuing to empower organizations and individuals alike, Skillsoft remains at the forefront of innovation, driving the transformation of learning and talent management.
Updated on: 28/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Neutral
Price to book ratio: Neutral
DCF: Strong Buy
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SKIL Stock Shows Stable Performance with Slight Increase in Price and Narrow Trading Range on September 19, 2023
SKIL stock had a mixed performance on September 19, 2023, as it experienced a slight increase in price but also had a relatively narrow trading range. The stock opened at $1.10, slightly higher than the previous day’s closing price of $1.08. Throughout the day, its price fluctuated between $1.07 and $1.11. The trading volume for the day was 104,309 shares, which is lower than the three-month average volume of 229,707 shares.
SKIL has a market capitalization of $180.2 million. The stock has a price-to-earnings (P/E) ratio of 1.3. The price-to-sales ratio is 0.55. The price-to-book ratio is 0.34.
In terms of earnings growth, SKIL had a significant decline of -581.72% in the previous year. However, it has managed to turn things around this year with a positive earnings growth of +6.85%. Looking into the future, the company is expected to achieve a steady earnings growth of +10.00% over the next five years.
On the revenue side, SKIL experienced a decline of -2.16% in the previous year. This indicates that the company’s sales have decreased. However, it is important to note that the revenue decline was not as severe as the earnings decline, suggesting that the company may have been able to manage its costs effectively.
Renovaro Biosciences, a company in the same sector of Technology Services and industry of Packaged Software, had a positive stock performance on the same day. Its stock price increased by $0.07 or 2.42%. However, there is no information available about SKIL’s executives or corporate headquarters.
In conclusion, SKIL stock had a relatively stable performance on September 19, 2023, with a slight increase in price and a narrow trading range. The company has shown positive earnings growth this year, but it had a significant decline in the previous year. The stock is currently undervalued based on its low P/E ratio and is trading below its book value. Investors should closely monitor SKIL’s future earnings and revenue growth to assess its long-term potential.
Skillsoft Corp (SKIL) Stock Forecast: Analysts Predict 191.67% Increase in Median Target Price
On September 19, 2023, Skillsoft Corp (SKIL) stock had a median target price of 3.15, with a high estimate of 4.00 and a low estimate of 2.50, according to four analysts offering 12-month price forecasts. This median estimate represents a significant increase of 191.67% from the last recorded price of 1.08.
The consensus among five polled investment analysts is to buy stock in Skillsoft Corp. This rating has remained steady since May, indicating a consistent positive sentiment towards the company’s stock.
Skillsoft Corp is a company that operates in the e-learning and talent development industry. They provide a range of digital learning solutions to businesses and individuals.
Skillsoft Corp reported earnings per share of -$0.15 for the current quarter. This indicates a loss for the company during this period.
On the sales front, Skillsoft Corp reported sales of $139.8 million.
Investors and analysts will closely monitor Skillsoft Corp’s financial performance and market dynamics to assess the company’s future prospects. The positive consensus rating and the significant median target price increase suggest that there is optimism surrounding the company’s stock. However, it is advisable for investors to conduct thorough research and consider various factors before making investment decisions.