Momentum Stock Watch: Skullcandy, Inc. (SKUL)

Company Profile:

Skullcandy Inc. designs, markets, and distributes audio and gaming products under the Skullcandy and Astro Gaming brands in the United States and internationally. It offers audio and gaming headphones, earbuds, speakers, sports performance products, women’s offerings, and other audio accessories. It sells its products through specialty, consumer electronics, sporting goods, mobile phones, and big box retailers; and third party distributors, as well as through its skullcandy.com, skullcandy.tv, ca.skullcandy.com, eu.skullcandy.com, uk.skullcandy.com, 2xl.com, astrogaming.com, astrogaming.co.uk, and astrogaming.fr Websites. The company was founded in 2003 and is headquartered in Park City, Utah.

Recent News:

For the first quarter of 2016, Skullcandy Inc. posted revenue of $46.3 million, beating Street forecasts. Skullcandy expects full-year earnings to be 24 cents to 28 cents per share.

On April 13, 2016, Skullcandy Inc announced an expansion of its long-time partnership with NBA All-Star and equity holder Kyrie Irving.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

SKUL’s strengths can be seen in its strong efficiency. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI is increasing to 47.26. The current P/E ratio indicates it is undervalued compared to the average P/E ratio of the industry and the sector. We rate Skullcandy, Inc. (SKUL) a Strong BUY.

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