Skywest Inc. (NASDAQ: SKYW) has a price-to-earnings ratio of 79.17x that is above its average ratio. Additionally, the 36-month beta value for SKYW is 1.95. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for SKYW is 38.73M and currently, short sellers hold a 4.49% ratio of that float. The average trading volume of SKYW on March 29, 2024 was 496.69K shares.
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SKYW) stock’s latest price update
The stock price of Skywest Inc. (NASDAQ: SKYW) has plunged by -0.58 when compared to previous closing price of 69.48, but the company has seen a 0.96% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that UPS expects consolidated revenues for 2024 in the $92-$94.5 billion range.
SKYW’s Market Performance
SKYW’s stock has risen by 0.96% in the past week, with a monthly rise of 12.22% and a quarterly rise of 31.31%. The volatility ratio for the week is 2.36% while the volatility levels for the last 30 days are 2.92% for Skywest Inc. The simple moving average for the past 20 days is 3.25% for SKYW’s stock, with a 44.42% simple moving average for the past 200 days.
Analysts’ Opinion of SKYW
Many brokerage firms have already submitted their reports for SKYW stocks, with TD Cowen repeating the rating for SKYW by listing it as a “Outperform.” The predicted price for SKYW in the upcoming period, according to TD Cowen is $68 based on the research report published on February 05, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see SKYW reach a price target of $55. The rating they have provided for SKYW stocks is “Outperform” according to the report published on August 31st, 2023.
Deutsche Bank gave a rating of “Buy” to SKYW, setting the target price at $46 in the report published on June 15th of the previous year.
SKYW Trading at 13.54% from the 50-Day Moving Average
After a stumble in the market that brought SKYW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.86% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +7.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.50% upper at present.
During the last 5 trading sessions, SKYW rose by +0.96%, which changed the moving average for the period of 200-days by +95.75% in comparison to the 20-day moving average, which settled at $67.15. In addition, Skywest Inc. saw 32.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKYW starting from WELCH JAMES L, who sale 2,000 shares at the price of $66.72 back on Mar 15 ’24. After this action, WELCH JAMES L now owns 56,067 shares of Skywest Inc., valued at $133,430 using the latest closing price.
Stock Fundamentals for SKYW
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.13 for the gross margin
The net margin for Skywest Inc. stands at 0.01. The total capital return value is set at 0.0. Equity return is now at value 1.54, with 0.45 for asset returns.
Based on Skywest Inc. (SKYW), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is 0.17.
Currently, EBITDA for the company is 487.18 million with net debt to EBITDA at 12.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 34.92for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In conclusion, Skywest Inc. (SKYW) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
