The stock of Skyward Specialty Insurance Group Inc (SKWD) has seen a 8.59% increase in the past week, with a 1.20% gain in the past month, and a 24.74% flourish in the past quarter. The volatility ratio for the week is 4.50%, and the volatility levels for the past 30 days are at 3.27% for SKWD. The simple moving average for the past 20 days is 5.55% for SKWD’s stock, with a 22.48% simple moving average for the past 200 days.
Is It Worth Investing in Skyward Specialty Insurance Group Inc (NASDAQ: SKWD) Right Now?
Skyward Specialty Insurance Group Inc (NASDAQ: SKWD) has a price-to-earnings ratio of 13.99x that is above its average ratio. Additionally, the 36-month beta value for SKWD is 0.69. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SKWD is 27.83M and currently, short sellers hold a 5.03% ratio of that float. The average trading volume of SKWD on May 07, 2024 was 331.31K shares.
SKWD) stock’s latest price update
Skyward Specialty Insurance Group Inc (NASDAQ: SKWD) has experienced a rise in its stock price by 0.85 compared to its previous closing price of 37.60. However, the company has seen a gain of 8.59% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-05 that Start Time: 10:00 January 1, 0000 10:56 AM ET Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD ) Q1 2024 Earnings Conference Call May 02, 2024, 10:00 AM ET Company Participants Andrew Robinson – CEO Mark Haushill – EVP and CFO Natalie Schoolcraft – Head, IR Conference Call Participants Mark Hughes – Truist Securities Paul Newsome – Piper Sandler Greg Peters – Raymond James Matt Carletti – Citizens JMP Meyer Shields – KBW Yaron Kinar – Jefferies Bill Carcache – Wolfe Research Michael Zaremski – BMO Operator Good day and thank you for standing by. Welcome to the First Quarter 2024 Skyward Specialty Earnings Conference Call.
Analysts’ Opinion of SKWD
Many brokerage firms have already submitted their reports for SKWD stocks, with Wolfe Research repeating the rating for SKWD by listing it as a “Outperform.” The predicted price for SKWD in the upcoming period, according to Wolfe Research is $39 based on the research report published on January 11, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see SKWD reach a price target of $40. The rating they have provided for SKWD stocks is “Buy” according to the report published on December 12th, 2023.
BMO Capital Markets gave a rating of “Market Perform” to SKWD, setting the target price at $27 in the report published on July 31st of the previous year.
SKWD Trading at 4.61% from the 50-Day Moving Average
After a stumble in the market that brought SKWD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.86% of loss for the given period.
Volatility was left at 3.27%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares surge +0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.82% upper at present.
During the last 5 trading sessions, SKWD rose by +8.16%, which changed the moving average for the period of 200-days by +51.50% in comparison to the 20-day moving average, which settled at $35.93. In addition, Skyward Specialty Insurance Group Inc saw 11.92% 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 SKWD starting from Robinson Andrew S, who sale 14,243 shares at the price of $35.93 back on Mar 12 ’24. After this action, Robinson Andrew S now owns 46,883 shares of Skyward Specialty Insurance Group Inc, valued at $511,751 using the latest closing price.
Robinson Andrew S, the CHAIRMAN & CEO of Skyward Specialty Insurance Group Inc, sale 13,407 shares at $35.63 during a trade that took place back on Mar 11 ’24, which means that Robinson Andrew S is holding 61,126 shares at $477,691 based on the most recent closing price.
Stock Fundamentals for SKWD
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Skyward Specialty Insurance Group Inc stands at 0.11. The total capital return value is set at 0.24. Equity return is now at value 17.70, with 5.14 for asset returns.
Based on Skyward Specialty Insurance Group Inc (SKWD), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 2.72. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 32.74.
Currently, EBITDA for the company is -1.68 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 3.51for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
Conclusion
In conclusion, Skyward Specialty Insurance Group Inc (SKWD) 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.
