SKYX Platforms Corp. (NASDAQ:SKYX) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus: Five brokerages assign SKYX a consensus "Hold" rating (1 sell, 1 hold, 3 buy) with an average 1‑year price target of $5.00.
• Recent results & trading: SKYX missed quarterly EPS (‑$0.07 vs. ‑$0.06 est.) and revenue ($24.94M vs. $25.12M), trades around $1.03 with a 52‑week range of $0.96–$3.29 and a market cap of about $137M.
• Institutional activity & business: Several institutions (Goldman Sachs, Jane Street, Geode, NY State Common, Invesco) recently bought shares—institutions own 11.79%—and SKYX provides maintenance, repair and overhaul (MRO) and operational support for commercial UAS/drone fleets.

SKYX Platforms Corp. (NASDAQ:SKYX - Get Free Report) has been assigned a consensus rating of "Hold" from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.00.

A number of equities analysts have commented on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of SKYX Platforms in a research note on Tuesday. Lake Street Capital started coverage on shares of SKYX Platforms in a research report on Thursday, March 5th. They set a "buy" rating and a $5.00 price target on the stock. Finally, Roth Mkm reiterated a "buy" rating and set a $5.00 price target (up from $4.25) on shares of SKYX Platforms in a research report on Thursday, January 22nd.

SKYX Platforms Price Performance

Shares of NASDAQ:SKYX opened at $1.03 on Friday. The business's fifty day moving average price is $1.59 and its two-hundred day moving average price is $1.87. SKYX Platforms has a fifty-two week low of $0.96 and a fifty-two week high of $3.29. The stock has a market capitalization of $137.28 million, a price-to-earnings ratio of -3.32 and a beta of -3,706.21.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The business had revenue of $24.94 million during the quarter, compared to analysts' expectations of $25.12 million. Research analysts expect that SKYX Platforms will post -0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKYX. Goldman Sachs Group Inc. lifted its position in SKYX Platforms by 685.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company's stock worth $302,000 after buying an additional 231,000 shares in the last quarter. Jane Street Group LLC lifted its position in SKYX Platforms by 258.5% during the 1st quarter. Jane Street Group LLC now owns 190,265 shares of the company's stock worth $217,000 after buying an additional 137,193 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 buying an additional 718,712 shares in the last quarter. New York State Common Retirement Fund acquired a new position in SKYX Platforms during the 2nd quarter worth about $82,000. Finally, Invesco Ltd. acquired a new position in SKYX Platforms during the 2nd quarter worth about $34,000. Institutional investors and hedge funds 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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