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Shares of SKIL are down 9.2% over the past six months and 11.5% over the past year. The stock is currently trading 20.5% below its 52-week high of $11.75. Also, SKIL is trading lower than its 50-day and 200-day moving averages of $9.59 and $10, respectively, which indicates a downtrend.
Although its recent strategic acquisition of a digital coaching platform could drive its growth in the long term, the company’s heavy reliance on debt refinancing could lead to insufficient cash flow given its fragile financials. So, here is what we think could influence SKIL’s performance in the near term:
