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SKYW
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
1.73B

SKYW Price Prediction, SkyWest AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SKYW with price predictions
08:00 PM EDT Oct 02, 2023

Momentum Indicator for SKYW turns negative, indicating new downward trend

SKYW saw its Momentum Indicator move below the 0 level on September 15, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for SKYW turned negative on September 13, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

SKYW moved below its 50-day moving average on September 29, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SKYW crossed bearishly below the 50-day moving average on September 26, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SKYW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYW advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

SKYW 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SKYW’s price grows at a higher 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 slightly overvalued 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 (0.804) is normal, around the industry mean (103.632). SKYW's P/E Ratio (62.112) is considerably higher than the industry average of (15.341). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.433). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.694) is also within normal values, averaging (0.955).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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. SKYW’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 92, placing this stock worse than average.

A.I. Advisor
published Earnings

SKYW is expected to report earnings to rise 18.29% to 41 cents per share on November 01

SkyWest SKYW Stock Earnings Reports
Q3'23
Est.
$0.41
Q2'23
Beat
by $0.73
Q1'23
Beat
by $0.10
Q4'22
Missed
by $1.02
Q3'22
Beat
by $0.21
The last earnings report on July 27 showed earnings per share of 34 cents, beating the estimate of -37 cents. With 145.27K shares outstanding, the current market capitalization sits at 1.73B.
A.I.Advisor
published Dividends

SKYW paid dividends on April 06, 2020

SkyWest SKYW Stock Dividends
А dividend of $0.14 per share was paid with a record date of April 06, 2020, and an ex-dividend date of March 30, 2020. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.28B. The market cap for tickers in the group ranges from 9.36K to 23.45B. DAL holds the highest valuation in this group at 23.45B. The lowest valued company is KLMR at 9.36K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was -0%. For the same Industry, the average monthly price growth was -8%, and the average quarterly price growth was 8%. JETMF experienced the highest price growth at 10%, while ELALF experienced the biggest fall at -29%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was 25%. For the same stocks of the Industry, the average monthly volume growth was 94% and the average quarterly volume growth was 108%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 63
Price Growth Rating: 61
SMR Rating: 67
Profit Risk Rating: 91
Seasonality Score: 48 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an operator of airlines

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
444 South River Road
Phone
+1 435 634-3000
Employees
13582
Web
https://www.skywest.com
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SKYW and

Correlation & Price change

A.I.dvisor indicates that over the last year, SKYW has been loosely correlated with ALGT. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if SKYW jumps, then ALGT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKYW
1D Price
Change %
SKYW100%
-2.41%
ALGT - SKYW
55%
Loosely correlated
-1.73%
HA - SKYW
52%
Loosely correlated
-4.84%
DAL - SKYW
51%
Loosely correlated
-3.32%
AAL - SKYW
51%
Loosely correlated
-3.53%
ALK - SKYW
51%
Loosely correlated
-2.80%
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