Stock price performance of SkyWest, Inc. is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 1.4% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 24.28% . Looking at the past 52 week period, the stock price is up at 135.51% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of SkyWest, Inc. has a positive value of 82.34 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 0.16% and the 50-Day Moving Average is 0.84%.The 200 Day SMA reached 26.17%
SkyWest, Inc. is having a Relative Strength Index of 41.3 which indicates the stock is not yet over sold or over bought based on the technical indicators. SkyWest, Inc. (NASDAQ:SKYW) has tumbled 5.67% during the past week and has dropped 4.63% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.78%. SkyWest, Inc. (NASDAQ:SKYW) has underperformed the index by 5.48% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company has reported several Insider transactions to the SEC, on Sep 1, 2016, Michael B Thompson (Chief Operating Officer of Sub) sold 7,899 shares at 28.50 per share price.On Aug 17, 2016, Jerry C Atkin (director) sold 21,050 shares at 28.15 per share price.On Aug 15, 2016, Wade J Steel (Chief Commercial Officer) sold 9,292 shares at 28.56 per share price.
SkyWest Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.52. The company had revenue of $758.02 million for the quarter, compared to analysts expectations of $754.29 million. The companys revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Dec 15, 2016 to Outperform, Raises Price Target to $ 40 from a previous price target of $34 .
SkyWest, Inc. (NASDAQ:SKYW) stock ended Friday session in the red zone in a volatile trading. The stock closed down 2.275 points or 6.18% at $34.525 with 1,922,915 shares getting traded. Post opening the session at $37.1, the shares hit an intraday low of $31.0568 and an intraday high of $37.2 and the price was in this range throughout the day. The company has a market cap of $1,786 million and the number of outstanding shares has been calculated to be 51,741,724 shares. The 52-week high of SkyWest, Inc. (NASDAQ:SKYW) is $39.6 and the 52-week low is $13.94.
SkyWest, Inc., through its wholly-owned subsidiary, SkyWest Airlines, Inc. , operates one of the larger regional airlines in the United States. SkyWest provides passenger and air freight service and completes over 880 daily flights. Pursuant to a joint marketing and code sharing agreement with Delta Airlines, Inc., SkyWest operates as a Delta Connection in certain SkyWest markets. SkyWest entered into a marketing and code sharing agreement with Continental Airlines, Inc. Which allows SkyWest to operate as a Continental Connection in certain markets in and out of Los Angeles.