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Wednesday, December 6, 2023

This Is Too Hot For Skywest Inc. (NASDAQ: SKYW), Let’s Take A Closer Look

After Hours

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. After-hours trades for Skywest Inc. (SKYW) shows that investor sentiment remained same, with the stock’s consolidated last price to $46.29. The Skywest Inc. has recorded 92,242 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SkyWest, Inc. Announces Third Quarter 2023 Profit.

Stocks Info

As a NASDAQ listed company, SKYW falls under the Industrials sector while operating within the Airlines industry segment. At the end of the last regular session, the stock closed at $46.29 and fluctuated between $47.15 as its day high and $44.71 as its day low. The current market capitalization of Skywest Inc. is $1.90B. A total of 0.68 million shares were traded on the day, compared to an average of 408.67K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 18 BUYs and 12 SELLs from insiders. Insiders purchased 79,143 shares during that period but sold 93,653.

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 spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SKYW in the last 3 months, the mean price target is $45.20 with high estimates of $55.00 and low estimates of $21.00. In terms of 52-week highs and lows, SKYW has a high of $47.21 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 4 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.07. The company reported an EPS of $0.35 in the last quarter, which was 177.80% higher than expectations of -$0.45.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $51.84, 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 3.20.

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