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