Skyward Specialty Insurance Group Inc’s Market Journey: Closing Weak at 39.11, Down -1.56

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The closing price of Skyward Specialty Insurance Group Inc (NASDAQ: SKWD) was $39.11 for the day, down -1.56% from the previous closing price of $39.73. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 0.56 million shares were traded. SKWD stock price reached its highest trading level at $39.93 during the session, while it also had its lowest trading level at $37.8.

Ratios:

Our analysis of SKWD’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on September 05, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $44.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 09 ’24 when Terry Katharine sold 1,653 shares for $36.87 per share. The transaction valued at 60,946 led to the insider holds 4,001 shares of the business.

Terry Katharine bought 1,653 shares of SKWD for $60,948 on Aug 09 ’24. On May 09 ’24, another insider, WESTAIM Corp, who serves as the 10% Owner of the company, sold 5,060,000 shares for $36.50 each. As a result, the insider received 184,690,000 and left with 1,919,639 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKWD now has a Market Capitalization of 1593020672 and an Enterprise Value of 1399867648. As of this moment, Skyward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.25, and their Forward P/E ratio for the next fiscal year is 12.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 1.359 whereas that against EBITDA is 8.38.

Stock Price History:

Over the past 52 weeks, SKWD has reached a high of $42.26, while it has fallen to a 52-week low of $22.97. The 50-Day Moving Average of the stock is 2.06%, while the 200-Day Moving Average is calculated to be 9.76%.

Shares Statistics:

SKWD traded an average of 373.02K shares per day over the past three months and 376930 shares per day over the past ten days. A total of 39.86M shares are outstanding, with a floating share count of 32.93M. Insiders hold about 17.86% of the company’s shares, while institutions hold 86.76% stake in the company. Shares short for SKWD as of 1723680000 were 1386921 with a Short Ratio of 3.72, compared to 1721001600 on 1339116. Therefore, it implies a Short% of Shares Outstanding of 1386921 and a Short% of Float of 3.75.

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