FY2025 EPS Estimates for SKYX Platforms Decreased by Analyst

Key Points

• Roth Capital has revised its FY2025 earnings per share (EPS) estimate for SKYX Platforms to ($0.27), down from the previous estimate of ($0.25), while the consensus estimate stands at ($0.34).
• Wall Street Zen has downgraded SKYX Platforms from a "hold" to a "sell" rating, indicating a more negative outlook on the stock.
• Institutional investors have increased their holdings in SKYX Platforms significantly, with Geode Capital Management raising its stake by 96.9% in the last quarter.

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Analysts at Roth Capital decreased their FY2025 EPS estimates for SKYX Platforms in a research note issued on Wednesday, August 13th. Roth Capital analyst G. Sweeney now expects that the company will post earnings of ($0.27) per share for the year, down from their previous estimate of ($0.25). The consensus estimate for SKYX Platforms' current full-year earnings is ($0.34) per share.

Separately, Wall Street Zen lowered shares of SKYX Platforms from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy" and a consensus price target of $2.00.

SKYX Platforms Trading Up 4.3%

NASDAQ SKYX traded up $0.05 during trading hours on Monday, hitting $1.20. 459,834 shares of the company's stock traded hands, compared to its average volume of 457,099. The business's fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.25. The firm has a market capitalization of $133.74 million, a P/E ratio of -3.33 and a beta of -3,533.92. SKYX Platforms has a 52 week low of $0.8001 and a 52 week high of $2.1350.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $23.10 million during the quarter, compared to analyst estimates of $22.95 million. SKYX Platforms had a negative net margin of 41.24% and a negative return on equity of 3,407.81%.

Institutional Investors Weigh In On SKYX Platforms

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in SKYX Platforms during the 2nd quarter worth approximately $32,000. Barclays PLC raised its stake in 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 acquiring an additional 30,811 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in 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 during the period. Invesco Ltd. bought a new position in SKYX Platforms in the 2nd quarter worth approximately $34,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in SKYX Platforms in the 2nd quarter worth approximately $35,000. Institutional investors own 11.79% of the company's stock.

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.