Litchfield Hills Research Estimates SKYX Platforms FY2030 Earnings

Key Points

• Litchfield Hills Research projects SKYX Platforms will earn $0.19 per share in FY2030, versus the current consensus full-year estimate of ($0.34) per share.
• Analyst coverage is mixed—three Buy, one Hold and one Sell—resulting in an average rating of Hold and an average price target of $5.00.
• SKYX recently missed quarterly expectations, reporting EPS of ($0.07) (vs. ($0.06) consensus) and revenue of $24.94M (vs. $25.12M estimate).

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Stock analysts at Litchfield Hills Research issued their FY2030 earnings estimates for SKYX Platforms in a research note issued to investors on Tuesday, March 31st. Litchfield Hills Research analyst B. Sine expects that the company will earn $0.19 per share for the year. The consensus estimate for SKYX Platforms' current full-year earnings is ($0.34) per share.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SKYX Platforms in a report on Thursday, January 22nd. Lake Street Capital started coverage on SKYX Platforms in a research note on Thursday, March 5th. They set a "buy" rating and a $5.00 price objective for the company. Finally, Roth Mkm restated a "buy" rating and set a $5.00 target price (up from $4.25) on shares of SKYX Platforms in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.00.

SKYX Platforms Price Performance

Shares of NASDAQ:SKYX opened at $1.15 on Thursday. The firm has a fifty day moving average price of $2.01 and a two-hundred day moving average price of $1.88. SKYX Platforms has a one year low of $0.88 and a one year high of $3.29. The company has a market cap of $153.27 million, a price-to-earnings ratio of -3.71 and a beta of -3,700.00.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.12 million.

Institutional Trading of SKYX Platforms

Several institutional investors and hedge funds have recently made changes to their positions in SKYX. Geode Capital Management LLC lifted its holdings in shares of SKYX Platforms by 96.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company's stock worth $1,527,000 after acquiring an additional 718,712 shares during the last quarter. Daytona Street Capital LLC bought a new position in SKYX Platforms in the fourth quarter valued at $881,000. Renaissance Technologies LLC raised its position in SKYX Platforms by 741.7% during the fourth quarter. Renaissance Technologies LLC now owns 355,213 shares of the company's stock valued at $771,000 after purchasing an additional 313,013 shares in the last quarter. Corient Private Wealth LLC lifted its stake in SKYX Platforms by 163.0% during the second quarter. Corient Private Wealth LLC now owns 446,981 shares of the company's stock worth $467,000 after purchasing an additional 277,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in SKYX Platforms by 7.6% during the third quarter. Vanguard Group Inc. now owns 3,326,427 shares of the company's stock worth $3,726,000 after purchasing an additional 235,625 shares during the last quarter. Hedge funds and other institutional investors own 11.79% of the company's stock.

About SKYX Platforms

SKYX Platforms NASDAQ: SKYX provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.

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