Skywest Inc (NASDAQ: SKYW) is 10.90% higher on its value in year-to-date trading and has touched a low of $48.28 and a high of $117.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SKYW stock was last observed hovering at around $107.84 in the last trading session, with the day’s gains setting it 3.2%.
Currently trading at $111.04, the stock is 6.50% and 3.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing 2.97% at the moment leaves the stock 30.13% off its SMA200. SKYW registered 115.03% gain for a year compared to 6-month gain of 32.59%. The firm has a 50-day simple moving average (SMA 50) of $106.935 and a 200-day simple moving average (SMA200) of $85.3311.
The stock witnessed a 1.33% loss in the last 1 month and extending the period to 3 months gives it a 28.27%, and is 10.90% up 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 3.86% over the week and 3.20% over the month.
Skywest Inc (SKYW) has around 13000 employees, a market worth around $4.48B and $3.34B in sales. Current P/E ratio is 18.96 and Fwd P/E is 12.90. Profit margin for the company is 7.29%. Distance from 52-week low is 129.99% and -5.51% from its 52-week high. The company has generated returns on investments over the last 12 months (5.31%).
The EPS is expected to grow by 835.28% this year
416.0 institutions hold shares in Skywest Inc (SKYW), with institutional investors hold 93.44% of the company’s shares. The shares outstanding are 40.34M, and float is at 39.04M with Short Float at 4.09%. Institutions hold 91.59% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.27 million shares valued at $514.6 million. The investor’s holdings represent 15.5592 of the SKYW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.82 million shares valued at $395.24 million to account for 11.9503 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.33 million shares representing 8.268 and valued at over $273.45 million, while PACER ADVISORS, INC. holds 5.5892 of the shares totaling 2.25 million with a market value of $184.86 million.
Skywest Inc (SKYW) Insider Activity
The most recent transaction is an insider sale by Woodward Eric, the company’s CHIEF ACCOUNTING OFFICER. SEC filings show that Woodward Eric sold 4,000 shares of the company’s common stock on Nov 06 ’24 at a price of $111.53 per share for a total of $0.45 million. Following the sale, the insider now owns 44426.0 shares.
Skywest Inc disclosed in a document filed with the SEC on Nov 06 ’24 that MITTELSTAEDT RONALD J (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $112.06 per share for $2.8 million. Following the transaction, the insider now directly holds 11283.0 shares of the SKYW stock.
Still, SEC filings show that on Nov 06 ’24, Childs Russell A (PRESIDENT & CEO) disposed off 27,903 shares at an average price of $111.47 for $3.11 million. The insider now directly holds 349,548 shares of Skywest Inc (SKYW).
