The stock of Skyward Specialty Insurance Group Inc (SKWD) has gone up by 1.38% for the week, with a 4.22% rise in the past month and a 16.77% rise in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are 2.88% for SKWD. The simple moving average for the last 20 days is 3.25% for SKWD stock, with a simple moving average of 15.27% for the last 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 that is above its average at 14.15x. The stock has a 36-month beta value of 0.61. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SKWD is 32.93M, and at present, short sellers hold a 3.87% of that float. On October 03, 2024, the average trading volume of SKWD was 331.46K shares.
SKWD) stock’s latest price update
Skyward Specialty Insurance Group Inc (NASDAQ: SKWD) has seen a rise in its stock price by 1.65 in relation to its previous close of 41.10. However, the company has experienced a 1.38% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-02 that HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (Nasdaq: SKWD) (“Skyward Specialty” or “the Company”), a leader in the specialty property and casualty (P&C) market, announced the expansion of its renewable energy solutions.
Analysts’ Opinion of SKWD
Many brokerage firms have already submitted their reports for SKWD stocks, with Barclays repeating the rating for SKWD by listing it as a “Equal Weight.” The predicted price for SKWD in the upcoming period, according to Barclays is $44 based on the research report published on September 05, 2024 of the current year 2024.
SKWD Trading at 6.35% 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 -1.14% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +0.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.37% upper at present.
During the last 5 trading sessions, SKWD rose by +1.46%, which changed the moving average for the period of 200-days by +25.40% in comparison to the 20-day moving average, which settled at $40.48. In addition, Skyward Specialty Insurance Group Inc saw 23.32% 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 Terry Katharine, who sale 1,653 shares at the price of $36.87 back on Aug 09 ’24. After this action, Terry Katharine now owns 4,001 shares of Skyward Specialty Insurance Group Inc, valued at $60,946 using the latest closing price.
Terry Katharine, the Director of Skyward Specialty Insurance Group Inc, proposed sale 1,653 shares at $36.87 during a trade that took place back on Aug 09 ’24, which means that Terry Katharine is holding shares at $60,948 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 0.12. The total capital return value is set at 0.24. Equity return is now at value 18.87, with 5.37 for asset returns.
Based on Skyward Specialty Insurance Group Inc (SKWD), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 2.89. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 34.48.
Currently, EBITDA for the company is -1.68 million with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 0.98for 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 0.76.
Conclusion
To sum up, Skyward Specialty Insurance Group Inc (SKWD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
