Skywest Stock Analysis

SkyWest Stock Analysis Notes

About 88.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.29. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. SkyWest has Price/Earnings To Growth (PEG) ratio of 1.02. The entity last dividend was issued on the 30th of March 2020. The firm had 2:1 split on the 18th of December 2000. 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. It employs 15205 people. To find out more about SkyWest contact Russell Childs at 435 634 3000 or learn more at https://inc.skywest.com.

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SkyWest Thematic Classifications

SkyWest Stock Institutional Investors

Note, although SkyWest's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

SkyWest Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.73 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 Profitablity

The company has Profit Margin (PM) of 0.01 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.04 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.04.

Management Efficiency

Return On Tangible Assets is likely to drop to 0 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. At this time, SkyWest's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 6.7 B in 2024, whereas Intangible Assets are likely to drop slightly above 5.3 M in 2024. SkyWest's management efficiency ratios could be used to measure how well SkyWest manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 16th of April 2024, SkyWest has the Coefficient Of Variation of 391.16, risk adjusted performance of 0.1667, and Semi Deviation of 0.9393. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of SkyWest, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for SkyWest, which can be compared to its competition. Please validate SkyWest downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if SkyWest is priced more or less accurately, providing market reflects its prevalent price of 66.9 per share. Given that SkyWest has jensen alpha of 0.3791, we advise you to double-check SkyWest's current market performance to make sure the company can sustain itself at a future point.

SkyWest Price Movement Analysis

SkyWest Insider Trading Activities

SkyWest Predictive Daily Indicators

SkyWest Corporate Filings

SkyWest Forecast Models

SkyWest's time-series forecasting models are one of many SkyWest's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary SkyWest's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how SkyWest prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling SkyWest shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as SkyWest. By using and applying SkyWest Stock analysis, traders can create a robust methodology for identifying SkyWest entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. SkyWest analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. SkyWest analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

SkyWest stock analysis indicators help investors evaluate how SkyWest stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading SkyWest shares will generate the highest return on investment. By understating and applying SkyWest stock analysis, traders can identify SkyWest position entry and exit signals to maximize returns.

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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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.

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.

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.