Does Skyward Specialty Insurance Group Inc. (SKWD) offer a good opportunity for investors?

Skyward Specialty Insurance Group Inc. (NASDAQ: SKWD) stock jumped 3.34% on Monday to $26.64 against a previous-day closing price of $25.78. With 0.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.37 million shares. During the session, the Insurance – Property & Casualty company that operates in wider Financial sector, reached to the highest price of $26.78 whereas the lowest price it dropped to was $25.38. The 52-week range on SKWD shows that it touched its highest point at $26.05 and its lowest point at $17.50 during that stretch. It currently has a 1-year price target of $30.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SKWD was up-trending over the past week, with a rise of 14.73%, but this was up by 8.82% over a month. Three-month performance surged to 8.03% while six-month performance rose 44.63%. A look at the trailing 12-month EPS for SKWD yields 1.10 with Next year EPS estimates of 2.30. For the next quarter, that number is 0.36. This implies an EPS growth rate of -46.50% for this year and 31.39% for next year.

Float and Shares Shorts:

At present, 36.60 million SKWD shares are outstanding with a float of 20.46 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.31 million, which was 3.48% higher than short shares on Jul 30, 2023. In addition to Mr. Andrew Scott Robinson as the firm’s CEO & Director, Mr. Stephen Lyndon Way serves as its Founder.

Institutional Ownership:

Through their ownership of 34.35% of SKWD’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKWD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SKWD analysts setting a high price target of $35.00 and a low target of $27.00, the average target price over the next 12 months is $30.00. Based on these targets, SKWD could surge 31.38% to reach the target high and rise by 1.35% to reach the target low. Reaching the average price target will result in a growth of 12.61% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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