Why did SKBL's stock price hit a 52-week low?

The stock price of SKBL, Skyline Builders Group Holding Limited, hit a 52-week low of $0.7 on July 29, 2025. The decline of SKBL's stock price can be attributed to a combination of factors:

1. **Financial Performance**: The company's financial performance may not be meeting market expectations. The latest report period for SKBL is Q2 2025, with a P/E ratio of 22.49. The high P/E ratio suggests that the stock may be overvalued, which could lead to a correction in the form of a price decline.
2. **Market Sentiment**: Negative news about the company or the broader market can lead to a sell-off in the stock. However, there is no specific negative news related to SKBL that would directly cause a 52-week low.
3. **Support and Resistance Levels**: The stock has a support level at $0.99 and a resistance level at $2.34. The proximity of the stock price to the support level could indicate a lack of upward momentum, leading to a decline in price.
4. **Trading Volume**: The trading volume for SKBL on the day of the 52-week low was 649,458 shares. A high trading volume could indicate significant selling pressure, which could lead to a price decline.

In conclusion, the decline in SKBL's stock price to a 52-week low is likely a result of a combination of factors including financial performance, market sentiment, support and resistance levels, and trading volume.

|code|Ticker|Name|Date|Closing Price|Trading Volume|market_code|
|---|---|---|---|---|---|---|
|SKBL|SKBL.O|Skyline Builders|20250729|0.7|649458|186|

|code|Ticker|Name|Date|Support Level|Resistance Level|market_code|
|---|---|---|---|---|---|---|
|SKBL|SKBL.O|Skyline Builders|20250729|0.9900|2.3394|186|