Is SkyWest Stock a Good Investment?
SkyWest Investment Advice | SKYW |
- Examine SkyWest'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 SkyWest's leadership team and their track record. Good management can help SkyWest navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Passenger Airlines space and any emerging trends that could impact SkyWest's business and its evolving consumer preferences.
- Compare SkyWest's performance and market position to its competitors. Analyze how SkyWest is positioned in terms of product offerings, innovation, and market share.
- Check if SkyWest pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about SkyWest'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 SkyWest 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 SkyWest is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine SkyWest Stock
Researching SkyWest'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 91.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.92. 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 recorded earning per share (EPS) of 5.84. The firm last dividend was issued on the 30th of March 2020. SkyWest had 2:1 split on the 18th of December 2000.
To determine if SkyWest 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 SkyWest's research are outlined below:
| SkyWest has a poor financial position based on the latest SEC disclosures | |
| Over 91.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Is American Airlines Stock Undervalued Right Now |
SkyWest 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 SkyWest. 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 SkyWest'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.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 1st of February 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 SkyWest'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 SkyWest's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2011-11-02 | 2011-09-30 | 0.13 | 0.11 | -0.02 | 15 | ||
2014-02-13 | 2013-12-31 | 0.14 | 0.17 | 0.03 | 21 | ||
2004-04-21 | 2004-03-31 | 0.3 | 0.33 | 0.03 | 10 | ||
2004-02-11 | 2003-12-31 | 0.27 | 0.3 | 0.03 | 11 | ||
2000-07-26 | 2000-06-30 | 0.3 | 0.33 | 0.03 | 10 | ||
1999-01-26 | 1998-12-31 | 0.19 | 0.22 | 0.03 | 15 | ||
1998-10-21 | 1998-09-30 | 0.23 | 0.26 | 0.03 | 13 | ||
2011-05-04 | 2011-03-31 | -0.25 | -0.21 | 0.04 | 16 |
Know SkyWest's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as SkyWest is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SkyWest backward and forwards among themselves. SkyWest's institutional investor refers to the entity that pools money to purchase SkyWest's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Victory Capital Management Inc. | 2024-09-30 | 550.1 K | Susquehanna International Group, Llp | 2024-06-30 | 508.4 K | Amvescap Plc. | 2024-06-30 | 493.7 K | Fmr Inc | 2024-09-30 | 484.1 K | Goldman Sachs Group Inc | 2024-06-30 | 473.5 K | Millennium Management Llc | 2024-06-30 | 446 K | Northern Trust Corp | 2024-09-30 | 421.2 K | Us Global Investors Inc | 2024-09-30 | 401.1 K | Arrowstreet Capital Limited Partnership | 2024-06-30 | 383.3 K | Blackrock Inc | 2024-06-30 | 6.3 M | Vanguard Group Inc | 2024-09-30 | 4.8 M |
SkyWest's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.39 B.Market Cap |
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SkyWest's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Equity | 0.02 | 0.02 |
Determining SkyWest's profitability involves analyzing its financial statements and using various financial metrics to determine if SkyWest is a good buy. For example, gross profit margin measures SkyWest'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 SkyWest's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in SkyWest's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SkyWest. Check SkyWest's Beneish M Score to see the likelihood of SkyWest's management manipulating its earnings.
Evaluate SkyWest's management efficiency
SkyWest has return on total asset (ROA) of 0.0339 % which means that it generated a profit of $0.0339 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1093 %, meaning that it created $0.1093 on every $100 dollars invested by stockholders. 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. 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 6.2 B in 2024, whereas Intangible Assets are likely to drop slightly above 5.3 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 48.10 | 50.50 | |
| Tangible Book Value Per Share | 48.10 | 50.50 | |
| Enterprise Value Over EBITDA | 10.70 | 6.26 | |
| Price Book Value Ratio | 1.09 | 1.32 | |
| Enterprise Value Multiple | 10.70 | 6.26 | |
| Price Fair Value | 1.09 | 1.32 | |
| Enterprise Value | 3.8 B | 4 B |
The strategic vision of SkyWest management plays a critical role in its financial performance. By evaluating this vision, we provide insights into the stock's growth potential.
Beta 1.937 |
Basic technical analysis of SkyWest Stock
As of the 21st of November, SkyWest has the Risk Adjusted Performance of 0.2503, coefficient of variation of 308.46, and Semi Deviation of 0.8161. 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. 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 109.56 per share. Given that SkyWest has jensen alpha of 0.4527, we advise you to double-check SkyWest's current market performance to make sure the company can sustain itself at a future point.SkyWest'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 SkyWest insiders, such as employees or executives, is commonly permitted as long as it does not rely on SkyWest'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 SkyWest 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.
Wade Steel over two weeks ago Disposition of 1818 shares by Wade Steel of SkyWest subject to Rule 16b-3 | ||
Atkin Jerry C over three months ago Acquisition by Atkin Jerry C of 71821 shares of SkyWest at 25.33 subject to Rule 16b-3 | ||
Russell Childs over six months ago Disposition of 1931 shares by Russell Childs of SkyWest at 77.6 subject to Rule 16b-3 | ||
Eric Woodward over six months ago Acquisition by Eric Woodward of 1964 shares of SkyWest subject to Rule 16b-3 | ||
Eric Woodward over a year ago Acquisition by Eric Woodward of 1132 shares of SkyWest subject to Rule 16b-3 | ||
Eric Woodward over a year ago Payment of 878 shares by Eric Woodward of SkyWest subject to Rule 16b-3 | ||
Eric Woodward over a year ago Bona fide gift to Eric Woodward of 2600 shares of SkyWest subject to Section 16 |
SkyWest's Outstanding Corporate Bonds
SkyWest 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. SkyWest 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 SkyWest bonds can be classified according to their maturity, which is the date when SkyWest 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.
| SWKS 3 01 JUN 31 Corp BondUS83088MAL63 | View | |
| SWKS 18 01 JUN 26 Corp BondUS83088MAK80 | View | |
| US830867AB33 Corp BondUS830867AB33 | View | |
| US830867AA59 Corp BondUS830867AA59 | View |
Understand SkyWest's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing SkyWest'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 | 0.2503 | |||
| Market Risk Adjusted Performance | 0.3353 | |||
| Mean Deviation | 1.4 | |||
| Semi Deviation | 0.8161 | |||
| Downside Deviation | 1.29 | |||
| Coefficient Of Variation | 308.46 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.7 | |||
| Information Ratio | 0.2746 | |||
| Jensen Alpha | 0.4527 | |||
| Total Risk Alpha | 0.3957 | |||
| Sortino Ratio | 0.4083 | |||
| Treynor Ratio | 0.3253 | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 3.8 | |||
| Downside Variance | 1.68 | |||
| Semi Variance | 0.666 | |||
| Expected Short fall | (1.77) | |||
| Skewness | 1.28 | |||
| Kurtosis | 3.0 |
| Risk Adjusted Performance | 0.2503 | |||
| Market Risk Adjusted Performance | 0.3353 | |||
| Mean Deviation | 1.4 | |||
| Semi Deviation | 0.8161 | |||
| Downside Deviation | 1.29 | |||
| Coefficient Of Variation | 308.46 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.7 | |||
| Information Ratio | 0.2746 | |||
| Jensen Alpha | 0.4527 | |||
| Total Risk Alpha | 0.3957 | |||
| Sortino Ratio | 0.4083 | |||
| Treynor Ratio | 0.3253 | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 3.8 | |||
| Downside Variance | 1.68 | |||
| Semi Variance | 0.666 | |||
| Expected Short fall | (1.77) | |||
| Skewness | 1.28 | |||
| Kurtosis | 3.0 |
Consider SkyWest's intraday indicators
SkyWest 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 SkyWest 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.
SkyWest Corporate Filings
F4 | 8th of November 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 |
10Q | 1st of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 31st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 7th of June 2024 Other Reports | ViewVerify |
SkyWest Stock media impact
Far too much social signal, news, headlines, and media speculation about SkyWest that are available to investors today. That information is available publicly through SkyWest media outlets and privately through word of mouth or via SkyWest internal channels. However, regardless of the origin, that massive amount of SkyWest 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 SkyWest 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 SkyWest 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 SkyWest's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive SkyWest alpha.
SkyWest Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards SkyWest can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
SkyWest Historical Investor Sentiment
Investor biases related to SkyWest's public news can be used to forecast risks associated with an investment in SkyWest. The trend in average sentiment can be used to explain how an investor holding SkyWest can time the market purely based on public headlines and social activities around SkyWest. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
SkyWest's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for SkyWest and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average SkyWest news discussions. The higher the estimate score, the more favorable the investor's outlook on SkyWest.
SkyWest Corporate Management
| Sonya Wolford | VP InFlight | Profile | |
| Greg Wooley | Executive Operations | Profile | |
| Robert Simmons | Chief Officer | Profile | |
| Wade Steel | Chief Commercial Officer | Profile | |
| Eric Woodward | Chief Accounting Officer | Profile | |
| Bill Dykes | VP Maintenance | Profile |
Additional Tools for SkyWest Stock Analysis
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.