Skydance (NYSE:SKYD) Stock Falls 1.6% – Time to Sell?

Skydance Corporation (NYSE:SKYD) traded down 1.6% during trading on Monday. The stock traded as low as $6.61 and last traded at $6.80. Approximately 28,411,040 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 14,051,285 shares. The stock had previously closed at $6.91.

More Skydance News

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: An investment analysis characterized Skydance as a cautious, speculative buy, citing opportunities to improve theatrical performance and potentially unlock value through future spin-offs. Skydance’s Impossible Mission: Theatrical and Spin-Off Opportunities Make This a Cautious, Speculative Buy
• Positive Sentiment: Laurene Powell Jobs reportedly invested $250 million in David Ellison’s Skydance, providing a high-profile vote of confidence and potentially strengthening the company’s financial resources. Laurene Powell Jobs Invested $250 Million in David Ellison’s Skydance
• Positive Sentiment: Skydance extended Jon Stewart’s contract through 2028, preserving a prominent talent relationship and helping support the company’s streaming and news-content strategy. Jon Stewart’s Contract Extended Through 2028
• Positive Sentiment: The company may have broad flexibility over HBO and Showtime-related assets following California regulatory developments, potentially creating strategic options for Skydance. HBO and Showtime Are Merging
• Neutral Sentiment: Skydance CEO David Ellison joined the Paley Center’s Board of Trustees, expanding his industry profile but offering limited near-term financial impact. Paley Center Adds Skydance CEO David Ellison to Board of Trustees
• Neutral Sentiment: AEW owner Tony Khan said he has discussed the company with Ellison, suggesting possible future partnership or content opportunities, but no transaction was announced. Tony Khan Discussed AEW With David Ellison
• Neutral Sentiment: Paramount Skydance’s upcoming earnings report is drawing attention as investors assess integration progress, revenue trends and profitability. Paramount Skydance Quarterly Earnings Preview
• Negative Sentiment: Versant’s CEO said acquiring Skydance’s cable networks is probably not a short-term priority, reducing near-term expectations for a potential asset sale or spin-off buyer. Versant Unlikely to Acquire Skydance Cable Networks
• Negative Sentiment: Christiane Amanpour’s planned departure from CNN, along with reported staff concerns about Skydance’s plans, raises execution and talent-retention risks during the network transition. Christiane Amanpour Announces Exit From CNN
• Negative Sentiment: Opponents seeking an injunction to separate Paramount+ and HBO Max introduce legal and strategic uncertainty around the broader combination. Paramount WBD Merger Opponents Seek Injunction

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark cut their price objective on shares of Skydance from $9.50 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Stephens reissued a “buy” rating on shares of Skydance in a research report on Friday. Citigroup began coverage on shares of Skydance in a research report on Monday, September 14th. They issued an “outperform” rating for the company. Arete Research restated a “sell” rating and set a $1.00 price target on shares of Skydance in a report on Thursday, July 9th. Finally, Morgan Stanley raised their price target on shares of Skydance from $5.00 to $5.75 and gave the company an “overweight” rating in a report on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Skydance currently has a consensus rating of “Reduce” and a consensus price target of $5.59.

Skydance Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 1.13. The company has a fifty day moving average of $5.97 and a two-hundred day moving average of $5.34.

Skydance (NYSE:SKYD) last posted its quarterly earnings data on Tuesday, August 4th. The media and entertainment company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $6.91 billion for the quarter. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. Equities analysts expect that Skydance Corporation will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SKYD. Pittenger & Anderson Inc. lifted its stake in shares of Skydance by 18.0% in the first quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the media and entertainment company’s stock valued at $59,000 after buying an additional 1,000 shares during the period. New Mexico Educational Retirement Board increased its stake in Skydance by 6.9% during the second quarter. New Mexico Educational Retirement Board now owns 15,499 shares of the media and entertainment company’s stock valued at $153,000 after acquiring an additional 1,000 shares during the period. Arizona State Retirement System increased its stake in Skydance by 1.2% during the second quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company’s stock valued at $882,000 after acquiring an additional 1,077 shares during the period. CX Institutional increased its stake in Skydance by 38.1% during the second quarter. CX Institutional now owns 4,612 shares of the media and entertainment company’s stock valued at $45,000 after acquiring an additional 1,273 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in Skydance by 14.6% in the 1st quarter. Kestra Advisory Services LLC now owns 14,130 shares of the media and entertainment company’s stock valued at $127,000 after acquiring an additional 1,805 shares in the last quarter. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.