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SkyWest Inc. (SKYW) – key numbers that make it a Strong Buy For Now

SkyWest Inc. (NASDAQ: SKYW) is -46.13% lower on its value in year-to-date trading and has touched a low of $20.06 and a high of $53.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SKYW stock was last observed hovering at around $21.75 in the last trading session, with the day’s loss setting it -0.58% off its average median price target of $30.00 for the next 12 months. It is also 49.6% off the consensus price target high of $42.00 offered by 4 analysts, but current levels are 15.32% higher than the price target low of $25.00 for the same period.

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Currently trading at $21.17, the stock is -2.15% and -9.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.27 million and changing -2.67% at the moment leaves the stock -36.38% off its SMA200. SKYW registered -47.96% loss for a year compared to 6-month loss of -44.83%. The firm has a 50-day simple moving average (SMA 50) of $1.26 and a 200-day simple moving average (SMA200) of $14.90.

The stock witnessed a -5.58% gain in the last 1 month and extending the period to 3 months gives it a -31.80%, and is -6.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 3.92% over the month.

SkyWest Inc. (SKYW) has around 15205 employees, a market worth around $1.08B and $2.91B in sales. Current P/E ratio is 11.46 and Fwd P/E is 17.31. Profit margin for the company is 3.20%. Distance from 52-week low is 5.53% and -60.09% from its 52-week high. The company has generated returns on investments over the last 12 months (4.40%).

SkyWest Inc. (SKYW) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for SkyWest Inc. (SKYW) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.80, where 4 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

SkyWest Inc. is expected to release its quarterly report on 11/02/2022.The EPS is expected to shrink by -73.70% this year.

SkyWest Inc. (SKYW) Top Institutional Holders

The shares outstanding are 50.48M, and float is at 49.44M with Short Float at 4.15%.

SkyWest Inc. (SKYW) Insider Activity

A total of 26 insider transactions have happened at SkyWest Inc. (SKYW) in the last six months, with sales accounting for 8 and purchases happening 18 times. The most recent transaction is an insider purchase by ATKIN JERRY C,the company’sDirector. SEC filings show that ATKIN JERRY C bought 55,000 shares of the company’s common stock on Mar 11 at a price of $25.33 per share for a total of $1.39 million. Following the purchase, the insider now owns 0.27 million shares.

SkyWest Inc. disclosed in a document filed with the SEC on Mar 11 that ATKIN JERRY C (Director) bought a total of 55,000 shares of the company’s common stock. The trade occurred on Mar 11 and was made at $25.33 per share for $1.39 million. Following the transaction, the insider now directly holds 0.31 million shares of the SKYW stock.

Still, SEC filings show that on Nov 08, Steel Wade J (Chief Commercial Officer) disposed off 13,500 shares at an average price of $51.07 for $0.69 million. The insider now directly holds 38,611 shares of SkyWest Inc. (SKYW).

SkyWest Inc. (SKYW): Who are the competitors?

The company’s main competitors (and peers) include Delta Air Lines Inc. (DAL) that is trading -26.47% down over the past 12 months and Alaska Air Group Inc. (ALK) that is -29.99% lower over the same period. Southwest Airlines Co. (LUV) is -23.52% down on the 1-year trading charts.

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