NASDAQ:SKYX

SKYX Platforms (SKYX) Stock Forecast, Price & News

$1.44

+0.05 (+3.24%)

(As of 11:03 AM ET)

Compare

Today's Range: $1.39
▼
$1.53
50-Day Range: $1.24
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$2.52
52-Week Range: $1.20
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$4.17

Volume: 62,266 shs
Average Volume: 220,527 shs
Market Capitalization: $131.80 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

SKYX Platforms MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 259.7% Upside
$5.00 Price Target
Short Interest: Bearish
4.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.37
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Business Services Sector

262nd out of 317 stocks

Electric Lighting & Wiring Equipment Industry

4th out of 4 stocks

3.5

Analyst's Opinion

Consensus Rating
SKYX Platforms has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, SKYX Platforms has a forecasted upside of 259.7% from its current price of $1.39.
Amount of Analyst Coverage
SKYX Platforms has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.08% of the float of SKYX Platforms has been sold short.
Short Interest Ratio / Days to Cover
SKYX Platforms has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in SKYX Platforms has recently increased by 15.52%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
SKYX Platforms does not currently pay a dividend.
Dividend Growth
SKYX Platforms does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SKYX.

3.0

News and Social Media Coverage

News Sentiment
SKYX Platforms has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for SKYX Platforms this week, compared to 1 article on an average week.
Search Interest
5 people have searched for SKYX on MarketBeat in the last 30 days.
MarketBeat Follows
8 people have added SKYX Platforms to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SKYX Platforms insiders have not sold or bought any company stock.
Percentage Held by Insiders
37.20% of the stock of SKYX Platforms is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 9.43% of the stock of SKYX Platforms is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of SKYX Platforms is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SKYX Platforms is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SKYX Platforms has a P/B Ratio of 13.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SKYX Platforms (NASDAQ:SKYX) Stock

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It provides power-plugs and universal power-plug and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky - smart plug and play ceiling fans and lightings, and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.

SKYX Price History

30 days | 90 days | 365 days | Advanced Chart

SKYX Stock News Headlines

September 27, 2023 | finance.yahoo.com

SKYX Continues to Enhance Market Penetration Announcing a Collaboration with U.S. Leading Lighting Manufacturer QUOIZEL

September 27, 2023 | americanbankingnews.com

SKYX Platforms (NASDAQ:SKYX) Stock Price Down 2.1%

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 22, 2023 | fool.com

Best Day Trading Platforms for 2023

September 21, 2023 | finance.yahoo.com

SKYX Provides Business Update Including 5 Additional Patents Issued in the U.S. and International Markets

September 21, 2023 | finanznachrichten.de

SKYX Platforms Corp. dba Sky Technologies: SKYX Provides Business Update Including 5 Additional Patents Issued in the U.S. and International Markets

September 13, 2023 | finance.yahoo.com

SKYX Announces Lenny Sokolow Joins the Company as Co-CEO

September 11, 2023 | finance.yahoo.com

SKYX Files for a Mandatory Safety Standardization with the National Electrical Code (NEC) for Its Outlet Receptacle for Ceilings in Homes and Buildings

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

September 7, 2023 | forbes.com

Best Social Trading Platforms September 2023

September 7, 2023 | finance.yahoo.com

SKYX Announces Issuance of Three New U.S. and International Patents for Its All-In-One Smart Modular Platform Technology

September 5, 2023 | finance.yahoo.com

SKYX Signs Agreement with World Leading Architect Product Material Supply Company, Material Bank, with Over 100,000 Customers

August 27, 2023 | foxnews.com

Railroad bridge platform collapse leaves at least 26 victims dead, others injured

August 14, 2023 | msn.com

Benchmark Maintains SKYX Platforms (SKYX) Buy Recommendation

August 11, 2023 | finance.yahoo.com

SKYX Platforms Second Quarter 2023 Earnings: US$0.14 loss per share (vs US$0.058 loss in 2Q 2022)

August 9, 2023 | finance.yahoo.com

SKYX Reports Second Quarter 2023 Financial Results with $15 Million in Sales Reflecting a Partial Quarter Including Sales of its Safe Plug & Play Products

August 9, 2023 | finance.yahoo.com

When Will SKYX Platforms Corp. (NASDAQ:SKYX) Turn A Profit?

August 4, 2023 | finance.yahoo.com

SKYX Platforms Corp. to Host Investor Update Call on Wednesday, August 9th at 10:30 a.m. Eastern Time

August 3, 2023 | finance.yahoo.com

SKYX Announces Over $14 Million (unaudited) In Sales for Partial Second Quarter, Including Sales of Its Plug & Play Products That Are Now Sold on 16 US and Canadian Leading Websites

July 21, 2023 | fool.com

SKYX Platforms (NASDAQ: SKYX)

July 20, 2023 | finance.yahoo.com

Former Microsoft Global AI Leader and Head of Global Sales Khadija Mustafa Joins SKYX as Senior Tech, AI, and Global Business Advisor

July 12, 2023 | finance.yahoo.com

MetaWorks Platforms Closes Acquisition of AI-Powered Avatar Metaverse Platform, UtopiaVR

July 4, 2023 | forbes.com

9 Best Customer Data Platforms (July 2023)

June 29, 2023 | nbcnews.com

RFK Jr. divides social media platforms with vaccine misinformation

May 30, 2023 | finance.yahoo.com

American Lighting Association (ALA) Former President and CEO Eric Jacobson Joins SKYX as Senior Product Standardization Advisor

May 23, 2023 | finanznachrichten.de

SKYX Platforms Corp. dba Sky Technologies: SKYX Set to Join Russell 2000 and Russell 3000 Indexes

May 23, 2023 | finance.yahoo.com

SKYX Set to Join Russell 2000(R) and Russell 3000(R) Indexes

See More Headlines

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SKYX Company Calendar

Last Earnings: 8/09/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electric lighting & wiring equipment
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:SKYX
CUSIP: N/A
CIK: 1598981
Web: www.safetyquicklight.com
Phone: (855) 759-7584
Fax: N/A
Employees: 29
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.00
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +259.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.43)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-27,070,000.00
Net Margins: -205.21%
Pretax Margin: -204.97%
Return on Equity: -257.69%
Return on Assets: -58.06%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 0.88
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $15.01 million
Price / Sales: 8.50
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.10 per share
Price / Book: 13.90

Miscellaneous

Outstanding Shares: 91,852,000
Free Float: 57,683,000
Market Cap: $127.67 million
Optionable: Not Optionable
Beta: -2,431.67

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Key Executives

Mr. Ran Roland Kohen (Age 57)
Founder & Exec. Chairman
Comp: $328.59k

Mr. John P. Campi (Age 78)
Chief Exec. Officer
Comp: $150.09k

Mr. Steven M. Schmidt (Age 68)
Pres

Mr. Marc-Andre Boisseau (Age 58)
CFO, Principal Financial Officer & Principal Accounting Officer
Comp: $144k

Ms. Patricia Ann Barron (Age 62)
Chief Operations Officer
Comp: $167.5k

Mr. Eliran Ben-Zikri
CTO & GM of Sky's Israeli Office

Mr. Jonathan Globerson
VP Design & Marketing

Mr. Michael Perrillo
VP of Global Sales

Mr. Mark J. Wells (Age 52)
Pres of Lighting

Mr. Steve Briggs
Sr. Advisor & Pres of Product Devel.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SKYX Stock - Frequently Asked Questions

Should I buy or sell SKYX Platforms stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SKYX Platforms in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKYX shares.
View SKYX analyst ratings or view top-rated stocks.
What is SKYX Platforms' stock price forecast for 2023?: 2 Wall Street research analysts have issued 12 month target prices for SKYX Platforms' shares. Their SKYX share price forecasts range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next twelve months. This suggests a possible upside of 259.7% from the stock's current price.
View analysts price targets for SKYX or view top-rated stocks among Wall Street analysts.
How have SKYX shares performed in 2023?: SKYX Platforms' stock was trading at $2.52 at the beginning of 2023. Since then, SKYX stock has decreased by 44.8% and is now trading at $1.39.
View the best growth stocks for 2023 here.
When is SKYX Platforms' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our SKYX earnings forecast.
How were SKYX Platforms' earnings last quarter?: SKYX Platforms Corp. (NASDAQ:SKYX) posted its quarterly earnings data on Wednesday, August, 9th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $14.98 million for the quarter. SKYX Platforms had a negative trailing twelve-month return on equity of 257.69% and a negative net margin of 205.21%.
When did SKYX Platforms IPO?: (SKYX) raised $20 million in an initial public offering on Thursday, February 10th 2022. The company issued 1,650,000 shares at a price of $11.00-$13.00 per share.

What is SKYX Platforms' stock symbol?: SKYX Platforms trades on the NASDAQ under the ticker symbol "SKYX."
Who are SKYX Platforms' major shareholders?: SKYX Platforms' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.31%), Geode Capital Management LLC (1.07%), State Street Corp (0.93%), Northern Trust Corp (0.50%), SlateStone Wealth LLC (0.39%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Dov Shiff, John P Campi and Ran Roland Kohen.
View institutional ownership trends.
How do I buy shares of SKYX Platforms?: Shares of SKYX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is SKYX Platforms' stock price today?: One share of SKYX stock can currently be purchased for approximately $1.39.
How much money does SKYX Platforms make?: SKYX Platforms (NASDAQ:SKYX) has a market capitalization of $127.67 million and generates $15.01 million in revenue each year. The company earns $-27,070,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.
How can I contact SKYX Platforms?: SKYX Platforms' mailing address is 4400 NORTH POINT PARKWAY SUITE 154, ALPHARETTA GA, 30022. The official website for the company is www.safetyquicklight.com. The company can be reached via phone at (855) 759-7584 or via email at mxrx@mzgroup.us.

This page (NASDAQ:SKYX) was last updated on 9/27/2023 by MarketBeat.com Staff

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