SKYH Stock Summary and Trading Ideas (Sky Harbour Group Class A | AMEX:SKYH)

Sky Harbour Group Corp is an aviation infrastructure company building a nationwide network of Home-based solutions for business aircraft. The company develops, leases, and manages business aviation hangars across the United States based on its proprietary targeting and acquisition model, targeting airfields with hangar supply and demand imbalances in the markets. Its hangar campuses feature exclusive private hangars and a full suite of dedicated services specifically designed for home-based aircraft.

Sky Harbour Group Class A trades on the AMEX stock market under the symbol SKYH.

As of October 31, 2024, SKYH stock price declined to $11.04 with 42,484 million shares trading.

SKYH has a beta of 2.82, meaning it tends to be more sensitive to market movements. SKYH has a correlation of 0.25 to the broad based SPY ETF.

SKYH has a market cap of $319.44 million. This is considered a Small Cap stock.

Last quarter Sky Harbour Group Class A reported $4 million in Revenue and $.06 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.10.

The top ETF exchange traded funds that SKYH belongs to (by Net Assets): IWM, VXF, IWO, VTWO, IWC.

SKYH has outperformed the market in the last year with a price return of +91.7% while the SPY ETF gained +38.5%. SKYH has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.3% and +0.9%, respectively, while the SPY returned +5.2% and -2.3%, respectively.

SKYH support price is $11.12 and resistance is $11.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKYH shares will trade within this expected range on the day.