Skydance (NYSE:SKYD) Sets New 12-Month Low – Should You Sell?

Skydance Corporation (NYSE:SKYD)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $7.60 and last traded at $7.60, with a volume of 3,709 shares trading hands. The stock had previously closed at $9.27.

Key Skydance News

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Skydance raised prices for Discovery+, now charging up to $11.99 per month. The move could improve streaming revenue and monetization, although it may also increase customer churn. Discovery+ Raises Prices In One Of Skydance’s First Streaming Moves After Merger Close
• Positive Sentiment: Skydance and Spain’s Movistar Plus expanded their strategic partnership to develop co-branded original series under a joint label, supporting international content production and distribution opportunities. Skydance, Movistar Plus Expand Strategic Alliance
• Positive Sentiment: Coverage highlighting Skydance’s expanded television operation—reported to include roughly 150 series—underscores the scale of its post-merger content library and potential cross-platform synergies. Skydance’s Sprawling TV Empire

Analyst Upgrades and Downgrades

SKYD has been the topic of several recent analyst reports. Arete Research reissued a “sell” rating and set a $1.00 target price on shares of Skydance in a research note on Thursday, July 9th. Weiss Ratings upgraded Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Citigroup initiated coverage on Skydance in a report on Monday, September 14th. They issued an “outperform” rating for the company. Barclays set a $7.00 target price on Skydance and gave the stock an “underweight” rating in a research note on Wednesday, October 7th. Finally, TD Cowen reduced their price target on shares of Skydance from $6.50 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Skydance presently has a consensus rating of “Reduce” and an average target price of $5.59.

Skydance Trading Down 21.3%

The business’s 50 day moving average price is $5.72 and its 200-day moving average price is $5.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 0.88.

Skydance (NYSE:SKYD) last announced its quarterly earnings results on Tuesday, August 4th. The media and entertainment company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. The business had revenue of $6.91 billion for the quarter. Sell-side analysts forecast that Skydance Corporation will post -0.20 earnings per share for the current year.

Skydance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a dividend of $0.0250 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.10 annualized dividend and a dividend yield of 1.4%. This is a decrease from Skydance’s previous quarterly dividend of $0.05.

Institutional Investors Weigh In On Skydance

Several hedge funds have recently modified their holdings of SKYD. Pittenger & Anderson Inc. increased its stake in Skydance by 18.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the media and entertainment company’s stock valued at $59,000 after purchasing an additional 1,000 shares in the last quarter. New Mexico Educational Retirement Board increased its position in shares of Skydance by 6.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 15,499 shares of the media and entertainment company’s stock valued at $153,000 after purchasing an additional 1,000 shares during the last quarter. Arizona State Retirement System raised its position in Skydance by 1.2% in the second quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company’s stock worth $882,000 after acquiring an additional 1,077 shares during the period. CX Institutional grew its holdings 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 purchasing an additional 1,273 shares during the period. Finally, Kestra Advisory Services LLC increased its position in Skydance by 14.6% in the first quarter. Kestra Advisory Services LLC now owns 14,130 shares of the media and entertainment company’s stock worth $127,000 after buying an additional 1,805 shares during the last quarter. 73.00% of the stock is owned by institutional investors.

About Skydance

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