What is the stock price trajectory of Skyward Specialty Insurance Group Inc (SKWD)?

Skyward Specialty Insurance Group Inc [SKWD] stock is trading at $46.37, down -0.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The SKWD shares have gain 2.00% over the last week, with a monthly amount glided 12.66%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Skyward Specialty Insurance Group Inc [NASDAQ: SKWD] stock has seen the most recent analyst activity on September 05, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $44. On July 12, 2024, Oppenheimer initiated with a Outperform rating. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $39 on January 11, 2024. Jefferies initiated its recommendation with a Buy and recommended $40 as its price target on December 12, 2023. BMO Capital Markets started tracking with a Market Perform rating for this stock on July 31, 2023, and assigned it a price target of $27. In a note dated February 07, 2023, Truist initiated an Buy rating and provided a target price of $26 on this stock.

Skyward Specialty Insurance Group Inc [SKWD] stock has fluctuated between $27.12 and $46.72 over the past year. Currently, Wall Street analysts expect the stock to reach $37.33 within the next 12 months. Skyward Specialty Insurance Group Inc [NASDAQ: SKWD] shares were valued at $46.37 at the most recent close of the market. An investor can expect a potential drop of -19.5% based on the average SKWD price forecast.

Analyzing the SKWD fundamentals

Skyward Specialty Insurance Group Inc [NASDAQ:SKWD] reported sales of 1.03B for the trailing twelve months, which represents a growth of 30.42%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.18 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.

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 45.46 points at the first support level, and at 44.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.91, and for the 2nd resistance point, it is at 47.44.

Ratios To Look Out For

For context, Skyward Specialty Insurance Group Inc’s Current Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 2.55 and price to earnings (TTM) ratio is 15.71.

Transactions by insiders

Recent insider trading involved Terry Katharine, Director, that happened on Aug 09 ’24 when 1653.0 shares were sold. Director, Terry Katharine completed a deal on Aug 09 ’24 to buy 1653.0 shares. Meanwhile, 10% Owner WESTAIM Corp sold 5.06 million shares on May 09 ’24.

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