Sky Harbour - Will It Fly High?

MicroMarvel is a series of articles highlighting undercovered stocks with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile, so if you do decide to add them to your portfolio I highly recommend you use stop losses and limit orders.

Today's MicroMarvel is the private plane hanger company Sky Harbour (SKYH). I found the stock by using Barchart's screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/5, the stock gained 5.72%.

SKYH

SKYH Price vs Daily Moving Averages (Barchart)

Sky Harbour Group Corporation aims to address the shortage of private aviation hangars. The company's private hangar campuses allow business jet owners to better protect and maintain their aircraft. Sky Harbour Group Corporation, formerly known as Yellowstone Acquisition Company, is based in Omaha, Neb. 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 98.40+ Weighted Alpha
  • 135.49% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 18.79% in the last month
  • Relative Strength Index 58.93%
  • Technical support level at $11.88
  • Recently traded at $12.01 with 50 day moving average of $10.52

Fundamental Factors:

  • Market Cap $767 million
  • Wall Street projects Revenue will grow another 183.20% next year
  • Earnings are estimated to increase an additional 80.80% next year

Analysts and Investor Sentiment -- I don't buy stocks just because everyone else is buying, but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 3 strong buy recommendations this month
  • Analysts price targets are $12 to $15 with a consensus of $14.50 about a 14.50% gain
  • The individual investors following the stock on Motley Fool voted 3 to 0 for the stock to beat the market
  • Only 709 investors monitor the stock on Seeking Alpha

Additional disclosure: MicroMarvels highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

 


More By This Author:

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Chart Of The Day: Summit Therapeutics Begins To Soar
MicroMarvel - Capital Products LP: Shipping Is Risky Right Now

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 ...

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