Skywest Inc [NASDAQ: SKYW] closed the trading session at $109.29.
The stocks have a year to date performance of 9.15 percent and weekly performance of -1.61 percent. The stock has been moved at 32.42 percent over the last six months. The stock has performed 3.67 percent around the most recent 30 days and changed 13.70 percent over the most recent 3-months.
If compared to the average trading volume of 353.69K shares, SKYW reached to a volume of 189386 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Skywest Inc [SKYW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SKYW shares is $117.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SKYW stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Skywest Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $95 to $120. The new note on the price target was released on November 05, 2024, representing the official price target for Skywest Inc stock. Previously, the target price had yet another raise from $85 to $95, while TD Cowen kept a Buy rating on SKYW stock. On February 05, 2024, analysts increased their price target for SKYW shares from 55 to 68.
The Average True Range (ATR) for Skywest Inc is set at 3.41, with the Price to Sales ratio for SKYW stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 20.73. Price to Free Cash Flow for SKYW in the course of the last twelve months was 9.14 with Quick ratio for the last quarter at 0.76.
SKYW stock trade performance evaluation
Skywest Inc [SKYW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.61. With this latest performance, SKYW shares gained by 3.67% in over the last four-week period, additionally plugging by 32.42% over the last 6 months – not to mention a rise of 123.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SKYW stock in for the last two-week period is set at 56.22, with the RSI for the last a single of trading hit 58.22, and the three-weeks RSI is set at 55.62 for Skywest Inc [SKYW]. The present Moving Average for the last 50 days of trading for this stock 108.37, while it was recorded at 108.74 for the last single week of trading, and 86.54 for the last 200 days.
Skywest Inc [SKYW]: An insightful look at the core fundamentals
Skywest Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 0.86.
Skywest Inc [SKYW]: Institutional Ownership
There are presently around $91.59%, or 93.44%% of SKYW stock, in the hands of institutional investors. The top three institutional holders of SKYW stocks are: BLACKROCK INC. with ownership of 6.27 million shares, which is approximately 15.5592%. VANGUARD GROUP INC, holding 4.82 million shares of the stock with an approximate value of $$395.24 million in SKYW stocks shares; and VANGUARD GROUP INC, currently with $$273.45 million in SKYW stock with ownership which is approximately 8.268%.
