SKY Stock Summary and Trading Ideas (Skyline Champion | NYSE:SKY)

Skyline Champion Corp is a factory-built housing company in North America. The company offers a portfolio of manufactured and modular homes, park model RVs, accessory dwelling units and modular buildings for the multi-family, hospitality, senior and workforce housing sectors. It designs and builds a range of manufactured and modular homes, park model RVs, ADUs, and commercial structures. It builds homes under brand names in the factory-built housing industry including Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes in the U.S., and Moduline and SRI Homes in western Canada. It generates maximum revenue from U.S. Factory-built Housing segment.

Skyline Champion trades on the NYSE stock market under the symbol SKY.

As of April 19, 2024, SKY stock price climbed to $75.14 with 248,424 million shares trading.

SKY has a beta of 1.67, meaning it tends to be more sensitive to market movements. SKY has a correlation of 0.28 to the broad based SPY ETF.

SKY has a market cap of $4.33 billion. This is considered a Mid Cap stock.

Last quarter Skyline Champion reported $559 million in Revenue and $.82 earnings per share. This beat revenue expectation by $60 million and exceeded earnings estimates by $.18.

In the last 3 years, SKY stock traded as high as $86.71 and as low as $38.96.

The top ETF exchange traded funds that SKY belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

SKY has underperformed the market in the last year with a price return of +2.1% while the SPY ETF gained +21.2%. However, in the short term, SKY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.5% vs +4.3% return in SPY. But in the last 2 weeks, SKY shares have been beat by the market, returning -4.9% compared to an SPY return of -3.5%.

SKY support price is $71.52 and resistance is $75.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKY stock will trade within this expected range on the day.