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Saturday, June 3, 2023

SkyWest Inc. (SKYW): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for SkyWest Inc. (SKYW) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $28.53. The SkyWest Inc. has recorded 45,692 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that SkyWest, Inc. Announces First Quarter 2023 Results.

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Stocks Info

This NASDAQ-listed company operates within the Airlines industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $28.53 and fluctuated between $28.83 as its day high and $28.38 as its day low. The current market capitalization of SkyWest Inc. is $1.27B. A total of 0.59 million shares were traded on the day, compared to an average of 687.66K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SKYW has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 77,272 shares. Over the last 12 months, there were 19 BUYs and 17 SELLs from insiders. Insiders purchased 86,926 shares during that period but sold 205,308.

In the most recent transaction, WELCH JAMES L bought 2,000 shares of SKYW for 18.95 per share on Feb 08. After the transaction, the Director now owns 55,435 company shares. In a previous transaction on Aug 04, SIMMONS ROBERT J sold 7,783 shares at 24.67 per share. SKYW shares that CHIEF FINANCIAL OFFICER owns now total 62,283.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SKYW in the last 3 months, the mean price target is $21.25 with high estimates of $24.00 and low estimates of $18.00. In terms of 52-week highs and lows, SKYW has a high of $29.31 and a low of $14.76.

As of this writing, SKYW has an earnings estimate of -$0.45 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.9. The company reported an EPS of -$0.93 in the last quarter, which was -1,262.50% lower than expectations of $0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SKYW’s latest balance sheet shows that the firm has $860.41M in Cash & Short Term Investments as of fiscal 2021. There were $3.11B in debt and $1.19B in liabilities at the time. Its Book Value Per Share was $45.19, while its Total Shareholder’s Equity was $2.27B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.60.

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