Brokers Offer Predictions for SKYX Platforms FY2025 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Investment analysts at Noble Financial raised their FY2025 earnings estimates for SKYX Platforms in a research report issued to clients and investors on Thursday, May 15th. Noble Financial analyst P. Mccann now expects that the company will earn ($0.28) per share for the year, up from their prior estimate of ($0.29). The consensus estimate for SKYX Platforms' current full-year earnings is ($0.34) per share. Noble Financial also issued estimates for SKYX Platforms' FY2026 earnings at ($0.18) EPS.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $20.25 million. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%.

SKYX Platforms Price Performance

NASDAQ SKYX traded down $0.02 on Monday, reaching $1.45. The company's stock had a trading volume of 1,509,716 shares, compared to its average volume of 437,129. SKYX Platforms has a twelve month low of $0.75 and a twelve month high of $2.14. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62. The firm's 50 day moving average is $1.19 and its two-hundred day moving average is $1.29. The stock has a market cap of $153.35 million, a PE ratio of -3.63 and a beta of -3,541.23.

Hedge Funds Weigh In On SKYX Platforms

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SlateStone Wealth LLC raised its holdings in shares of SKYX Platforms by 169.8% during the fourth quarter. SlateStone Wealth LLC now owns 28,600 shares of the company's stock worth $33,000 after acquiring an additional 18,000 shares in the last quarter. Certuity LLC increased its position in SKYX Platforms by 60.6% in the 4th quarter. Certuity LLC now owns 28,259 shares of the company's stock worth $33,000 after purchasing an additional 10,659 shares during the last quarter. Prudential Financial Inc. acquired a new position in SKYX Platforms in the 4th quarter worth about $36,000. Barclays PLC raised its stake in shares of SKYX Platforms by 3,081,100.0% during the 4th quarter. Barclays PLC now owns 30,812 shares of the company's stock worth $36,000 after purchasing an additional 30,811 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SKYX Platforms by 100.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,892 shares of the company's stock valued at $36,000 after buying an additional 15,946 shares during the last quarter. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

About SKYX Platforms

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products.