Currently, Skywest Inc [SKYW] is trading at $111.04, up 2.97%. 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 10.90% over the last week, with a monthly amount glided 1.33%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Buy rating on November 05, 2024, and elevated its price target to $120. On June 04, 2024, TD Cowen reiterated its Buy rating and revised its price target to $95 on the stock. TD Cowen upgraded its rating to a Outperform and increased its price target to $68 on February 05, 2024. Raymond James upgraded its rating to a Outperform but $55 remained the price target by the analyst firm on August 31, 2023. Deutsche Bank upgraded its rating to Buy for this stock on June 15, 2023, but kept the price target unchanged to $46. In a note dated April 03, 2023, Raymond James upgraded an Mkt Perform rating on this stock.
This stock has fluctuated between a low of $48.28 and a high of $117.51 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $119 within the next 12 months. Skywest Inc [NASDAQ: SKYW] shares were valued at $111.04 at the most recent close of the market. An investor can expect a potential return of 7.17% based on the average SKYW price forecast.
Analyzing the SKYW fundamentals
Trailing Twelve Months sales for Skywest Inc [NASDAQ:SKYW] were 3.34B which represents 19.14% growth. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.17.
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 107.40 points at the first support level, and at 103.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.89, and for the 2nd resistance point, it is at 114.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skywest Inc [NASDAQ:SKYW] is 0.86. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 18.96.
Transactions by insiders
Recent insider trading involved Woodward Eric, CHIEF ACCOUNTING OFFICER, that happened on Nov 06 ’24 when 4000.0 shares were sold. Director, MITTELSTAEDT RONALD J completed a deal on Nov 06 ’24 to sell 25000.0 shares. Meanwhile, PRESIDENT & CEO Childs Russell A sold 27903.0 shares on Nov 06 ’24.
