Skywest Stock Today

SKYW Stock  USD 69.08  0.40  0.58%   

Performance

20 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 26

 
100  
 
Zero
Below Average
SkyWest is selling for under 69.08 as of the 29th of March 2024; that is -0.58 percent decrease since the beginning of the trading day. The stock's lowest day price was 68.77. SkyWest has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for SkyWest are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of April 2023 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
26th of March 1990
Category
Industrials
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. Skywest operates under Airlines classification in the United States and is traded on NASDAQ Exchange. The company has 40.23 M outstanding shares of which 1.74 M shares are at this time shorted by private and institutional investors with about 2.75 trading days to cover. More on SkyWest

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SkyWest Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SkyWest's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SkyWest or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEORussell Childs
Thematic Ideas
(View all Themes)
Business ConcentrationPassenger Airlines, Transportation, Industrials, SP Small-Cap 600, ARCA Airline, NASDAQ Composite, NASDAQ Composite Total, Airlines, Impulse, Industrials, Passenger Airlines, Airlines, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering SkyWest report their recommendations after researching SkyWest's financial statements, talking to executives and customers, or listening in on SkyWest's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering SkyWest. The SkyWest consensus assessment is calculated by taking the average forecast from all of the analysts covering SkyWest.
SkyWest's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to SkyWest's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand SkyWest's financial leverage. It provides some insight into what part of SkyWest's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on SkyWest's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how SkyWest deploys its capital and how much of that capital is borrowed.
Liquidity
SkyWest cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 3.09 B in liabilities with Debt to Equity (D/E) ratio of 1.49, which is about average as compared to similar companies. SkyWest has a current ratio of 0.99, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SkyWest until it has trouble settling it off, either with new capital or with free cash flow. So, SkyWest's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SkyWest sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SkyWest to invest in growth at high rates of return. When we think about SkyWest's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

331.71 Million
SkyWest (SKYW) is traded on NASDAQ Exchange in USA. It is located in 444 South River Road, Saint George, UT, United States, 84790 and employs 11,470 people. SkyWest is listed under Passenger Airlines category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.8 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SkyWest's market, we take the total number of its shares issued and multiply it by SkyWest's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. SkyWest conducts business under Passenger Airlines sector and is part of Industrials industry. The entity has 40.23 M outstanding shares of which 1.74 M shares are at this time shorted by private and institutional investors with about 2.75 trading days to cover. SkyWest currently holds about 974.68 M in cash with 736.33 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 19.27.
Check SkyWest Probability Of Bankruptcy
Ownership Allocation
SkyWest maintains a total of 40.23 Million outstanding shares. The majority of SkyWest outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in SkyWest to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in SkyWest. Please pay attention to any change in the institutional holdings of SkyWest as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check SkyWest Ownership Details

SkyWest Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of SkyWest jumping above the current price in 90 days from now is about 6.34%. The SkyWest probability density function shows the probability of SkyWest stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0866. This usually implies SkyWest market returns are correlated to returns on the market. As the market goes up or down, SkyWest is expected to follow. Additionally, skyWest has an alpha of 0.3093, implying that it can generate a 0.31 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 69.08HorizonTargetOdds Above 69.08
93.61%90 days
 69.08 
6.34%
Based on a normal probability distribution, the odds of SkyWest to move above the current price in 90 days from now is about 6.34 (This SkyWest probability density function shows the probability of SkyWest Stock to fall within a particular range of prices over 90 days) .

SkyWest Stock Institutional Holders

Institutional Holdings refers to the ownership stake in SkyWest that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SkyWest's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SkyWest's value.
InstituionRecorded OnShares
Amvescap Plc.2023-12-31
623.4 K
Arrowstreet Capital Limited Partnership2023-12-31
550.1 K
Citadel Advisors Llc2023-09-30
522.7 K
Millennium Management Llc2023-12-31
520 K
Charles Schwab Investment Management Inc2023-12-31
518.2 K
Prudential Financial Inc2023-12-31
458.6 K
Northern Trust Corp2023-12-31
442 K
Nuveen Asset Management, Llc2023-12-31
431.9 K
Federated Hermes Inc2023-12-31
389.8 K
Blackrock Inc2023-12-31
6.5 M
Vanguard Group Inc2023-12-31
4.9 M
View SkyWest Diagnostics

SkyWest Historical Income Statement

SkyWest Income Statement is one of the three primary financial statements used for reporting SkyWest's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of SkyWest revenue and expense. SkyWest Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, SkyWest's Non Operating Income Net Other is fairly stable compared to the past year. Interest Income is likely to climb to about 42 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.7 B in 2024. View More Fundamentals

SkyWest Stock Against Markets

Picking the right benchmark for SkyWest stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SkyWest stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SkyWest is critical whether you are bullish or bearish towards SkyWest at a given time. Please also check how SkyWest's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SkyWest without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SkyWest Corporate Directors

SkyWest corporate directors refer to members of a SkyWest board of directors. The board of directors generally takes responsibility for the SkyWest's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SkyWest's board members must vote for the resolution. The SkyWest board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ronald MittelstaedtDirectorProfile
Henry EyringIndependent DirectorProfile
Steven UdvarHazyLead Independent DirectorProfile
Meredith MaddenIndependent DirectorProfile

How to buy SkyWest Stock?

Before investing in SkyWest, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SkyWest. To buy SkyWest stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of SkyWest. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase SkyWest stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located SkyWest stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased SkyWest stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as SkyWest, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.

Already Invested in SkyWest?

The danger of trading SkyWest is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SkyWest is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SkyWest. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SkyWest is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SkyWest is a strong investment it is important to analyze SkyWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SkyWest's future performance. For an informed investment choice regarding SkyWest Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running SkyWest's price analysis, check to measure SkyWest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.
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Is SkyWest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SkyWest. If investors know SkyWest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SkyWest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.42)
Earnings Share
0.77
Revenue Per Share
66.805
Quarterly Revenue Growth
0.104
Return On Assets
0.0092
The market value of SkyWest is measured differently than its book value, which is the value of SkyWest that is recorded on the company's balance sheet. Investors also form their own opinion of SkyWest's value that differs from its market value or its book value, called intrinsic value, which is SkyWest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SkyWest's market value can be influenced by many factors that don't directly affect SkyWest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SkyWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if SkyWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SkyWest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.