SKYX Platforms (NASDAQ:SKYX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Thursday.
SKYX Platforms Stock Down 1.9%
NASDAQ:SKYX traded down $0.03 during mid-day trading on Thursday, hitting $1.29. The company had a trading volume of 490,426 shares, compared to its average volume of 441,367. The business has a fifty day simple moving average of $1.19 and a 200-day simple moving average of $1.29. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22. SKYX Platforms has a 1 year low of $0.75 and a 1 year high of $2.14. The firm has a market capitalization of $135.96 million, a price-to-earnings ratio of -3.23 and a beta of -3,541.23.
SKYX Platforms (NASDAQ:SKYX - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%. The company had revenue of $20.10 million for the quarter, compared to analyst estimates of $20.25 million. Equities analysts forecast that SKYX Platforms will post -0.34 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SKYX. Goldman Sachs Group Inc. raised its position in SKYX Platforms by 685.0% in the first quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company's stock valued at $302,000 after purchasing an additional 231,000 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of SKYX Platforms during the first quarter worth about $254,000. Jane Street Group LLC increased its position in shares of SKYX Platforms by 258.5% during the first quarter. Jane Street Group LLC now owns 190,265 shares of the company's stock worth $217,000 after acquiring an additional 137,193 shares during the last quarter. Connective Capital Management LLC purchased a new stake in shares of SKYX Platforms during the fourth quarter worth about $153,000. Finally, Northern Trust Corp increased its position in shares of SKYX Platforms by 66.3% during the fourth 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. 11.79% of the stock is owned by hedge funds and other institutional investors.
About SKYX Platforms
(
Get Free Report)
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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