SkyWest Inc (NASDAQ: SKYW) suffers from extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
SkyWest Inc (NASDAQ: SKYW) has recently experienced notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SKYW is expected to be an important Value Builder.
SkyWest has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SkyWest has a good Appreciation Score of 73 and a very high Power Rating of 95, and the Highest Value Trend Rating results.
Recent Price Action
SkyWest Inc (NASDAQ: SKYW) stock closed at $76.74 on 7/26/24 after a large decline of -9.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 236% of normal. The stock has declined -7.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
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