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Wednesday, February 8, 2023

Are Things Looking Up For SkyWest Inc. (NASDAQ: SKYW)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SkyWest Inc. (SKYW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.28, or -1.70%, to $16.15. The SkyWest Inc. has recorded 19,196 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted SkyWest, Inc. Announces Third Quarter 2022 Profit.

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Stocks Info

The company is listed on the NASDAQ and operates within the Airlines industry segment. At the end of the last regular session, the stock closed at $16.43 and fluctuated between $16.87 as its day high and $16.15 as its day low. The current market capitalization of SkyWest Inc. is $803.10M. A total of 0.65 million shares were traded on the day, compared to an average of 537.37K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SKYW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 10 SELLs from insiders. Insiders purchased 307,287 shares during that period but sold 25,329.

In the most recent transaction, SIMMONS ROBERT J sold 7,783 shares of SKYW for 24.67 per share on Aug 04. After the transaction, the CHIEF FINANCIAL OFFICER now owns 62,283 company shares. In a previous transaction on Mar 11, ATKIN JERRY C bought 55,000 shares at 25.33 per share. SKYW shares that Director owns now total 270,903.

Among the insiders who bought shares, ATKIN JERRY C acquired of 55,000 shares on Mar 11 at a per-share price of $25.33. This resulted in the Director holding 311,184 shares of SKYW after the transaction.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. SKYW’s most recent ex-dividend date was 3/30/2020 when it declared a $0.14 quarterly dividend that was paid in cash on 4/6/2020. Previously, the company paid the dividend on 1/7/2020 with an ex-dividend date of 12/30/2019. The SKYW stock dividend was $0.12 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SKYW in the last 3 months, the mean price target is $20.25 with high estimates of $24.00 and low estimates of $15.00. In terms of 52-week highs and lows, SKYW has a high of $42.97 and a low of $14.76.

As of this writing, SKYW has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.45 per share and a lower estimate of -$0.61. The company reported an EPS of $1.07 in the last quarter, which was 137.80% higher than expectations of $0.45.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SKYW is Overweight with a score of 2.20. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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