SKYX Platforms' (SKYX) Sell (E+) Rating Reiterated at Weiss Ratings

Key Points

• SKYX Platforms' stock has a reiterated "sell (e+)" rating from Weiss Ratings, amid mixed analysis as Zacks Research recently upgraded it to a "hold" rating.
• The company's stock opened at $1.30 and has fluctuated between a 1-year low of $0.88 and a high of $2.14, with a market capitalization of $146.31 million.
• SKYX reported earnings of ($0.08) per share for the previous quarter, aligning with consensus estimates but showing a negative net margin of 41.24%.

SKYX Platforms (NASDAQ:SKYX - Get Free Report)'s stock had its "sell (e+)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of SKYX Platforms to a "hold" rating in a report on Monday, September 15th. Wall Street Zen downgraded shares of SKYX Platforms from a "hold" rating to a "sell" rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce".

SKYX Platforms Price Performance

Shares of NASDAQ:SKYX opened at $1.30 on Wednesday. SKYX Platforms has a 1-year low of $0.88 and a 1-year high of $2.14. The company has a market capitalization of $146.31 million, a P/E ratio of -3.61 and a beta of -3,723.67. The firm's 50 day simple moving average is $1.17 and its two-hundred day simple moving average is $1.17.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). SKYX Platforms had a negative net margin of 41.24% and a negative return on equity of 3,407.81%. The business had revenue of $23.10 million for the quarter, compared to the consensus estimate of $22.95 million. On average, sell-side analysts anticipate that SKYX Platforms will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SKYX Platforms

Several institutional investors and hedge funds have recently modified their holdings of SKYX. Intech Investment Management LLC bought a new stake in shares of SKYX Platforms during the second quarter valued at approximately $32,000. Invesco Ltd. bought a new position in SKYX Platforms during the second quarter valued at $34,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in SKYX Platforms during the second quarter valued at $35,000. Wealth Enhancement Advisory Services LLC lifted its position in SKYX Platforms by 100.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,892 shares of the company's stock valued at $36,000 after purchasing an additional 15,946 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in SKYX Platforms by 33.9% during the first quarter. Private Advisor Group LLC now owns 39,500 shares of the company's stock valued at $45,000 after purchasing an additional 10,000 shares during the last quarter. 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.

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