Skywest Inc [SKYW] stock prices are down -1.38% to $95.20 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SKYW shares have gain 2.58% over the last week, with a monthly amount glided 12.36%, 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 June 04, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $95 from $85. Previously, TD Cowen upgraded its rating to Outperform on February 05, 2024, and elevated its price target to $68. On August 31, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $55 on the stock. Deutsche Bank upgraded its rating to a Buy but stick to its price target of $46 on June 15, 2023. Raymond James upgraded its rating to a Mkt Perform. In a note dated September 08, 2022, Raymond James downgraded an Underperform rating on this stock.
The stock price of Skywest Inc [SKYW] has been fluctuating between $41.18 and $97.66 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 $95.20 at the most recent close of the market. An investor can expect a potential drop of -55.88% based on the average SKYW price forecast.
Analyzing the SKYW fundamentals
The Skywest Inc [NASDAQ:SKYW] reported sales of 3.19B for trailing twelve months, representing a surge of 19.50%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.26.
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 94.20 points at the first support level, and at 93.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.10, and for the 2nd resistance point, it is at 98.99.
Ratios To Look Out For
It’s worth pointing out that Skywest Inc [NASDAQ:SKYW]’s Current Ratio is 0.84. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 1.71 and price to earnings (TTM) ratio is 22.41.
Transactions by insiders
Recent insider trading involved WELCH JAMES L, Director, that happened on Jun 12 ’24 when 2000.0 shares were sold. Director, WELCH JAMES L completed a deal on Jun 07 ’24 to sell 7605.0 shares. Meanwhile, CHIEF ACCOUNTING OFFICER Woodward Eric sold 5000.0 shares on Jun 03 ’24.
