During the last session, SkyWest Inc. (NASDAQ:SKYW)’s traded shares were 0.32 million, with the beta value of the company hitting 2.04. At the end of the trading day, the stock’s price was $50.07, reflecting an intraday gain of 2.27% or $1.11. The 52-week high for the SKYW share is $61.15, that puts it down -22.13 from that peak though still a striking 45.2% gain since the share price plummeted to a 52-week low of $27.44. The company’s market capitalization is $2.48B, and the average intraday trading volume over the past 10 days was 0.34 million shares, and the average trade volume was 407.02K shares over the past three months.
SkyWest Inc. (SKYW) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. SKYW has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.88.
SkyWest Inc. (NASDAQ:SKYW) trade information
SkyWest Inc. (SKYW) registered a 2.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.27% in intraday trading to $50.07 this Friday, 09/24/21, hitting a weekly high. The stock’s 5-day price performance is 7.31%, and it has moved by 4.42% in 30 days. Based on these gigs, the overall price performance for the year is 71.77%. The short interest in SkyWest Inc. (NASDAQ:SKYW) is 1.18 million shares and it means that shorts have 3.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $62.40, which implies an increase of 19.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50.00 and $72.00 respectively. As a result, SKYW is trading at a discount of -43.8% off the target high and 0.14% off the low.
SkyWest Inc. (SKYW) estimates and forecasts
Statistics show that SkyWest Inc. has outperformed its competitors in share price, compared to the industry in which it operates. SkyWest Inc. (SKYW) shares have gone down -9.34% during the last six months, with a year-to-date growth rate more than the industry average at 2,005.88% against 34.00. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 33.30% this quarter and then jump 145.20% in the quarter after that. In the rating firms’ projections, revenue will increase 23.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $695.08 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $749.84 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $444.1 million and $589.64 million respectively. In this case, analysts expect current quarter sales to grow by 56.50% and then jump by 27.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.70%. While earnings are projected to return -102.60% in 2021.
SkyWest Inc. is due to release its next quarterly earnings between October 27 and November 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SkyWest Inc. (NASDAQ:SKYW)’s Major holders
SkyWest Inc. insiders own 1.98% of total outstanding shares while institutional holders control 89.01%, with the float percentage being 90.82%. Blackrock Inc. is the largest shareholder of the company, while 337 institutions own stock in it. As of Mar 30, 2021, the company held over 7.94 million shares (or 15.78% of all shares), a total value of $432.76 million in shares.
The next largest institutional holding, with 5.36 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.64% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $291.77 million.
Also, the Mutual Funds coming in first place with the largest holdings of SkyWest Inc. (SKYW) shares are iShares Core S&P Smallcap ETF and U.S. Global Airline ETF. Data provided on May 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 3.38 million shares. This amounts to just over 6.71 percent of the company’s overall shares, with a $165.67 million market value. The same data shows that the other fund manager holds slightly less at 2.07 million, or about 4.12% of the stock, which is worth about $113.0 million.