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SKYH
Stock ticker: ASE
AS OF
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Capitalization
68.44M

SKYH Sky Harbour Group Corp Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SKYH with price predictions
08:00 PM EDT Sep 27, 2023

SKYH in -1.68% downward trend, falling for three consecutive days on September 11, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SKYH declined for three days, in of 136 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SKYH as a result. In of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for SKYH crossed bearishly below the 50-day moving average on September 28, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 5 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The Aroon Indicator for SKYH entered a downward trend on September 27, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 33 cases where SKYH's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SKYH just turned positive on September 22, 2023. Looking at past instances where SKYH's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .

SKYH moved above its 50-day moving average on September 22, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYH advanced for three days, in of 112 cases, the price rose further within the following month. The odds of a continued upward trend are .

SKYH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SKYH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.014) is normal, around the industry mean (5.017). P/E Ratio (5.624) is within average values for comparable stocks, (300.867). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.809). SKYH has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (16.978) is also within normal values, averaging (166.491).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SKYH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Boeing Company (NYSE:BA), Lockheed Martin Corp (NYSE:LMT), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 10.46B. The market cap for tickers in the group ranges from 1.66K to 118.01B. BA holds the highest valuation in this group at 118.01B. The lowest valued company is ASDN at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was -1%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was -4%. ETCC experienced the highest price growth at 26%, while MNTS experienced the biggest fall at -47%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was -10%. For the same stocks of the Industry, the average monthly volume growth was 6% and the average quarterly volume growth was 4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 62
Price Growth Rating: 56
SMR Rating: 78
Profit Risk Rating: 77
Seasonality Score: -16 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Industry AerospaceDefense

Profile
Fundamentals
Details
Industry
N/A
Address
136 Tower Road
Phone
+1 212 554-5990
Employees
23
Web
https://www.skyharbour.group
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SKYH and

Correlation & Price change

A.I.dvisor tells us that SKYH and MNTS have been poorly correlated (+23% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SKYH and MNTS's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKYH
1D Price
Change %
SKYH100%
-0.22%
MNTS - SKYH
23%
Poorly correlated
-2.26%
SPCE - SKYH
21%
Poorly correlated
+4.24%
ASTR - SKYH
21%
Poorly correlated
+2.78%
KTOS - SKYH
21%
Poorly correlated
N/A
ASTC - SKYH
21%
Poorly correlated
+1.08%
More

Groups containing SKYH

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKYH
1D Price
Change %
SKYH100%
-0.22%
Aerospace & Defense
(undefined stocks)
6%
Poorly correlated
+0.59%