Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate SkyWest Inc before investing.

In this article, we go over a few key elements for understanding SkyWest Inc’s stock price such as:

• SkyWest Inc’s current stock price and volume
• Why SkyWest Inc’s stock price changed recently
• Upgrades and downgrades for SKYW from analysts
• SKYW’s stock price momentum as measured by its relative strength

About SkyWest Inc (SKYW)

Before we jump into SkyWest Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

SkyWest, Inc. is the holding company for SkyWest Airlines, Inc. (SkyWest Airlines) and SkyWest Leasing, Inc. (SkyWest Leasing), an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and SWC, and SkyWest Leasing. SkyWest Airlines offers scheduled passenger service to destinations in the United States, Canada and Mexico. The Company's flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. SkyWest Airlines has a fleet of approximately 500 aircraft. SkyWest Charter, LLC (SWC) offers on-demand charter service using CRJ200 aircraft in a 30-seat configuration. SkyWest Leasing finances new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. SkyWest Leasing is also engaged in leasing aircraft and engines to third parties.

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SkyWest Inc’s Stock Price as of Market Close

As of July 26, 2024, 4:00 PM, CST, SkyWest Inc’s stock price was $76.74.

SkyWest Inc is down 9.16% from its previous closing price of $84.48.

During the last market session, SkyWest Inc’s stock traded between $82.51 and $86.25. Currently, there are 40.30 million shares of SkyWest Inc stock available for purchase.

SkyWest Inc’s price-earnings (P/E) ratio is currently at 30.5, which is high compared to the Airlines industry median of 8.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

SkyWest Inc Stock Price History

SkyWest Inc’s (SKYW) price is currently down 6.49% so far this month.

During the month of July, SkyWest Inc’s stock price has reached a high of $87.86 and a low of $76.30.

Over the last year, SkyWest Inc has hit prices as high as $87.86 and as low as $36.91. Year to date, SkyWest Inc’s stock is up 364.81%.

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What Caused SkyWest Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 25, 2024, there were 0 analysts who downgraded SkyWest Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate SkyWest Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on SkyWest Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

SkyWest Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about SkyWest Inc (SKYW) by visiting AAII Stock Evaluator.

Relative Price Strength of SkyWest Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 25, 2024, SkyWest Inc has a weighted four-quarter relative price strength of 14.47%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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SkyWest Inc Stock Price: Bottom Line

As of July 26, 2024, SkyWest Inc’s stock price is $76.74, which is down 9.16% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like SkyWest Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.