Down -15.21% in 4 Weeks, Here's Why SkyWest (SKYW) Looks Ripe for a Turnaround

Group 1 - SkyWest (SKYW) has experienced a significant decline of 15.2% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal [1] - The Relative Strength Index (RSI) for SKYW is at 26.67, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is a strong consensus among Wall Street analysts that SKYW will report better earnings than previously predicted, with a 7.6% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - SKYW holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]