Noble Financial Boosts Earnings Estimates for SKYX Platforms

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Analysts at Noble Financial lifted their FY2025 earnings per share (EPS) estimates for shares of SKYX Platforms in a research report issued to clients and investors on Thursday, May 15th. Noble Financial analyst P. Mccann now anticipates that the company will post earnings of ($0.28) per share for the year, up from their prior forecast 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.

Separately, Wall Street Zen raised SKYX Platforms from a "sell" rating to a "hold" rating in a report on Thursday.

SKYX Platforms Stock Down 0.8%

SKYX stock traded down $0.01 during midday trading on Monday, hitting $1.31. The company's stock had a trading volume of 454,971 shares, compared to its average volume of 441,147. The company has a market cap of $138.55 million, a PE ratio of -3.28 and a beta of -3,541.23. SKYX Platforms has a 12 month low of $0.75 and a 12 month high of $2.14. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22. The firm's 50-day moving average is $1.19 and its 200-day moving average is $1.29.

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

Hedge Funds Weigh In On SKYX Platforms

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of SKYX Platforms by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 712,391 shares of the company's stock worth $827,000 after purchasing an additional 7,461 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of SKYX Platforms by 16.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 52,340 shares of the company's stock worth $61,000 after purchasing an additional 7,519 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of SKYX Platforms by 33.9% in the 1st quarter. Private Advisor Group LLC now owns 39,500 shares of the company's stock worth $45,000 after purchasing an additional 10,000 shares in the last quarter. Certuity LLC increased its stake in shares of 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of SKYX Platforms by 100.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,892 shares of the company's stock worth $36,000 after purchasing an additional 15,946 shares in the last quarter. 11.79% of the stock is owned by institutional investors.

SKYX Platforms Company Profile

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.