Skyward Specialty Insurance Group Inc (NASDAQ:SKWD) shares, rose in value, with the stock price down by -6.95% to the previous day’s close as strong demand from buyers drove the stock to $33.46.
Actively observing the price movement in the last trading, the stock closed the session at $35.96. The PE ratio was 14.97 over 12-month period. Referring to stock’s 52-week performance, its high was $38.64, and the low was $20.85. On the whole, SKWD has fluctuated by -10.03% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.07B, with a low estimate of 245.51M and a high estimate of 258.22M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 252.09M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SKWD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SKWD currently trading nearly -8.73% and -7.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.32, while the 7-day volatility ratio is showing 2.99% which for the 30-day chart, stands at 2.73%. Furthermore, Skyward Specialty Insurance Group Inc (SKWD)’s beta value is 0.60, and its average true range (ATR) is 1.04.
A comparison of Skyward Specialty Insurance Group Inc (SKWD) with its peers suggests the former has fared considerably weaker in the market. SKWD showed an intraday change of -6.95% in last session, and over the past year, it grew by 59.03%%.
Data on historical trading for Skyward Specialty Insurance Group Inc (NASDAQ:SKWD) indicates that the trading volumes over the past 3 months, they’ve averaged 303.76K. According to company’s latest data on outstanding shares, there are 39.86 million shares outstanding.
Nearly 30.42% of Skyward Specialty Insurance Group Inc’s shares belong to company insiders and institutional investors own 71.89% of the company’s shares. The stock has fallen by -1.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SKWD stock heading into the next quarter.
