Skillsoft (NYSE:SKIL) Stock Price Down 1.5% – What’s Next?

Skillsoft Corp. (NYSE:SKIL)’s stock price was down 1.5% during trading on Wednesday . The company traded as low as $14.78 and last traded at $15.07. Approximately 9,001 shares were traded during trading, a decline of 83% from the average daily volume of 52,991 shares. The stock had previously closed at $15.30.

Skillsoft Trading Down 1.5 %

The business’s fifty day moving average is $15.41 and its two-hundred day moving average is $13.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.07. The firm has a market cap of $124.03 million, a price-to-earnings ratio of -0.36 and a beta of 1.31.

Skillsoft (NYSE:SKIL) last posted its quarterly earnings results on Monday, September 9th. The company reported ($2.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.96) by $1.56. Skillsoft had a negative return on equity of 41.27% and a negative net margin of 63.42%. The business had revenue of $132.22 million for the quarter, compared to analysts’ expectations of $131.39 million. Equities analysts anticipate that Skillsoft Corp. will post -10.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skillsoft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in shares of Skillsoft by 20.5% during the second quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock worth $317,000 after purchasing an additional 3,900 shares in the last quarter. Summit Securities Group LLC bought a new position in Skillsoft during the second quarter worth about $39,000. Geode Capital Management LLC grew its stake in Skillsoft by 7.5% in the third quarter. Geode Capital Management LLC now owns 45,622 shares of the company’s stock valued at $707,000 after acquiring an additional 3,182 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Skillsoft during the third quarter worth about $52,000. Institutional investors own 87.00% of the company’s stock.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.