SKYX Platforms (NASDAQ:SKYX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.
SKYX Platforms Price Performance
SKYX traded down $0.09 during midday trading on Friday, hitting $1.17. The stock had a trading volume of 567,498 shares, compared to its average volume of 460,823. SKYX Platforms has a 1 year low of $0.75 and a 1 year high of $2.14. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.51 and a current ratio of 0.64. The business has a fifty day moving average of $1.23 and a 200 day moving average of $1.31. The company has a market cap of $125.08 million, a P/E ratio of -3.25 and a beta of -3,526.78.
SKYX Platforms (NASDAQ:SKYX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The company had revenue of $20.10 million during the quarter, compared to analysts' expectations of $20.25 million. SKYX Platforms had a negative net margin of 40.45% and a negative return on equity of 3,407.81%. As a group, equities analysts forecast that SKYX Platforms will post -0.34 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SKYX Platforms
A number of hedge funds and other institutional investors have recently modified their holdings of SKYX. Northern Trust Corp grew its position in SKYX Platforms by 66.3% during the 4th quarter. Northern Trust Corp now owns 201,276 shares of the company's stock worth $233,000 after acquiring an additional 80,245 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of SKYX Platforms during the fourth quarter valued at approximately $62,000. Millennium Management LLC grew its holdings in shares of SKYX Platforms by 3.0% in the fourth quarter. Millennium Management LLC now owns 833,231 shares of the company's stock worth $967,000 after purchasing an additional 23,901 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of SKYX Platforms in the fourth quarter worth $36,000. Finally, Barclays PLC raised its holdings in SKYX Platforms by 3,081,100.0% during the 4th quarter. Barclays PLC now owns 30,812 shares of the company's stock valued at $36,000 after buying an additional 30,811 shares during the last quarter. Institutional investors own 11.79% of the company's stock.
About SKYX Platforms
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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.
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