Skywest Inc. [SKYW] stock is trading at $68.03, up 1.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The SKYW shares have lost -1.25% over the last week, with a monthly amount glided 4.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Skywest Inc. [NASDAQ: SKYW] stock has seen the most recent analyst activity on February 05, 2024, when TD Cowen upgraded its rating to a Outperform and also boosted its price target to $68 from $55. Previously, Raymond James upgraded its rating to Outperform on August 31, 2023, and kept the price target unchanged to $55. On June 15, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $46 on the stock. Raymond James upgraded its rating to a Mkt Perform. Raymond James downgraded its rating to Underperform for this stock on September 08, 2022. In a note dated April 27, 2022, Raymond James downgraded an Mkt Perform rating on this stock.
Skywest Inc. [SKYW] stock has fluctuated between $23.37 and $71.15 over the past year. Currently, Wall Street analysts expect the stock to reach $42 within the next 12 months. Skywest Inc. [NASDAQ: SKYW] shares were valued at $68.03 at the most recent close of the market. An investor can expect a potential drop of -38.26% based on the average SKYW price forecast.
Analyzing the SKYW fundamentals
Skywest Inc. [NASDAQ:SKYW] reported sales of 2.94B for the trailing twelve months, which represents a growth of 10.35%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 66.93 points at the first support level, and at 65.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.20, and for the 2nd resistance point, it is at 70.37.
Ratios To Look Out For
For context, Skywest Inc.’s Current Ratio is 0.90. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 77.97.
Transactions by insiders
Recent insider trading involved WELCH JAMES L, Director, that happened on Mar 15 ’24 when 2000.0 shares were sold.
