Is Sky Harbour Stock a Good Investment?
Sky Harbour Investment Advice | SKYH |
- Examine Sky Harbour's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Sky Harbour's leadership team and their track record. Good management can help Sky Harbour navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Independent Power and Renewable Electricity Producers space and any emerging trends that could impact Sky Harbour's business and its evolving consumer preferences.
- Compare Sky Harbour's performance and market position to its competitors. Analyze how Sky Harbour is positioned in terms of product offerings, innovation, and market share.
- Check if Sky Harbour pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Sky Harbour's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Sky Harbour Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Sky Harbour Group is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Sky Harbour Stock
Researching Sky Harbour's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 44.0% of the company outstanding shares are owned by corporate insiders. The company recorded a loss per share of 1.9. Sky Harbour Group had not issued any dividends in recent years. The entity had 3:1 split on the September 25, 2006.
To determine if Sky Harbour is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Sky Harbour's research are outlined below:
| Sky Harbour Group had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 7.58 M. Net Loss for the year was (16.18 M) with loss before overhead, payroll, taxes, and interest of (2.7 M). | |
| Sky Harbour Group currently holds about 33.71 M in cash with (7.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.26. | |
| Sky Harbour Group has a poor financial position based on the latest SEC disclosures | |
| Roughly 44.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Sky Harbour Group Corp Trading Down 3.18 percent on Nov 19 |
Sky Harbour uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Sky Harbour Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Sky Harbour's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Sky Harbour's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Sky Harbour's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-11-30 | 2023-11-30 | -0.06 | -0.01 | 0.05 | 83 | ||
2023-11-09 | 2023-09-30 | -0.06 | -0.01 | 0.05 | 83 | ||
2023-11-09 | 2023-08-31 | -0.06 | -0.01 | 0.05 | 83 | ||
2024-08-12 | 2024-06-30 | -0.04 | 0.06 | 0.1 | 250 | ||
2024-03-27 | 2023-12-31 | -0.08 | -0.61 | -0.53 | 662 | ||
2024-11-07 | 2024-09-30 | -0.07 | -0.74 | -0.67 | 957 | ||
2024-05-14 | 2024-03-31 | -0.08 | -0.78 | -0.7 | 875 | ||
2024-05-14 | 2024-02-29 | -0.08 | -0.78 | -0.7 | 875 |
Sky Harbour's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 808.67 M.Market Cap |
|
Sky Harbour's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.04) | (0.04) | |
| Return On Capital Employed | (0.04) | (0.05) | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.23) | (0.22) |
Determining Sky Harbour's profitability involves analyzing its financial statements and using various financial metrics to determine if Sky Harbour is a good buy. For example, gross profit margin measures Sky Harbour's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Sky Harbour's profitability and make more informed investment decisions.
Evaluate Sky Harbour's management efficiency
Sky Harbour Group has return on total asset (ROA) of (0.0312) % which means that it has lost $0.0312 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5415) %, meaning that it created substantial loss on money invested by shareholders. Sky Harbour's management efficiency ratios could be used to measure how well Sky Harbour manages its routine affairs as well as how well it operates its assets and liabilities. The Sky Harbour's current Return On Tangible Assets is estimated to increase to -0.04. The current Return On Capital Employed is estimated to decrease to -0.05. As of now, Sky Harbour's Net Tangible Assets are increasing as compared to previous years. The Sky Harbour's current Debt To Assets is estimated to increase to 0.77, while Intangible Assets are projected to decrease to under 2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 8.04 | 8.44 | |
| Tangible Book Value Per Share | 8.04 | 8.44 | |
| Enterprise Value Over EBITDA | (15.02) | (15.78) | |
| Price Book Value Ratio | 2.30 | 2.41 | |
| Enterprise Value Multiple | (15.02) | (15.78) | |
| Price Fair Value | 2.30 | 2.41 | |
| Enterprise Value | 176 M | 213.7 M |
The strategic vision of Sky Harbour Group management plays a critical role in its financial performance. By evaluating this vision, we provide insights into the stock's growth potential.
Beta 1.834 |
Basic technical analysis of Sky Stock
As of the 25th of November, Sky Harbour has the Risk Adjusted Performance of 0.0332, coefficient of variation of 3014.18, and Semi Deviation of 3.29. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sky Harbour Group, as well as the relationship between them.Sky Harbour's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Sky Harbour insiders, such as employees or executives, is commonly permitted as long as it does not rely on Sky Harbour's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Sky Harbour insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Sky Harbour's Outstanding Corporate Bonds
Sky Harbour issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Sky Harbour Group uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Sky bonds can be classified according to their maturity, which is the date when Sky Harbour Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Sky Harbour's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Sky Harbour's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0332 | |||
| Market Risk Adjusted Performance | 0.1049 | |||
| Mean Deviation | 2.57 | |||
| Semi Deviation | 3.29 | |||
| Downside Deviation | 3.36 | |||
| Coefficient Of Variation | 3014.18 | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.34 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0949 | |||
| Maximum Drawdown | 16.18 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 5.16 | |||
| Downside Variance | 11.29 | |||
| Semi Variance | 10.82 | |||
| Expected Short fall | (2.69) | |||
| Skewness | 0.0667 | |||
| Kurtosis | 1.34 |
| Risk Adjusted Performance | 0.0332 | |||
| Market Risk Adjusted Performance | 0.1049 | |||
| Mean Deviation | 2.57 | |||
| Semi Deviation | 3.29 | |||
| Downside Deviation | 3.36 | |||
| Coefficient Of Variation | 3014.18 | |||
| Standard Deviation | 3.37 | |||
| Variance | 11.34 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0949 | |||
| Maximum Drawdown | 16.18 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 5.16 | |||
| Downside Variance | 11.29 | |||
| Semi Variance | 10.82 | |||
| Expected Short fall | (2.69) | |||
| Skewness | 0.0667 | |||
| Kurtosis | 1.34 |
Consider Sky Harbour's intraday indicators
Sky Harbour intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Sky Harbour stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Sky Harbour Corporate Filings
10Q | 12th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 30th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 28th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 14th of June 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Sky Stock media impact
Far too much social signal, news, headlines, and media speculation about Sky Harbour that are available to investors today. That information is available publicly through Sky media outlets and privately through word of mouth or via Sky internal channels. However, regardless of the origin, that massive amount of Sky data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Sky Harbour news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Sky Harbour relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Sky Harbour's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Sky Harbour alpha.
Sky Harbour Corporate Management
| Tim Herr | VP Treasurer | Profile | |
| Tal Keinan | Chairman CEO | Profile | |
| Gerald Adler | Company Secretary | Profile | |
| Millie HernandezBecker | Director Marketing | Profile | |
| Marty Kretchman | Senior Airports | Profile | |
| Alexander Saltzman | Chief Officer | Profile | |
| Alison Squiccimarro | In Counsel | Profile |
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Is Independent Power and Renewable Electricity Producers space 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 Sky Harbour. If investors know Sky 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 Sky Harbour listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.90) | Revenue Per Share 0.523 | Quarterly Revenue Growth 0.637 | Return On Assets (0.03) | Return On Equity (0.54) |
The market value of Sky Harbour Group is measured differently than its book value, which is the value of Sky that is recorded on the company's balance sheet. Investors also form their own opinion of Sky Harbour's value that differs from its market value or its book value, called intrinsic value, which is Sky Harbour'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 Sky Harbour's market value can be influenced by many factors that don't directly affect Sky Harbour's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Sky Harbour's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Sky Harbour is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sky Harbour'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.