Head to Head Review: SKYX Platforms (SKYX) versus The Competition

SKYX Platforms (NASDAQ:SKYX) is one of 260 public companies in the “Technology Services” industry, but how does it contrast to its peers? We will compare SKYX Platforms to similar companies based on the strength of its dividends, institutional ownership, profitability, analyst recommendations, risk, valuation and earnings.

Institutional & Insider Ownership

11.8% of SKYX Platforms shares are owned by institutional investors. Comparatively, 37.3% of shares of all “Technology Services” companies are owned by institutional investors. 30.0% of SKYX Platforms shares are owned by insiders. Comparatively, 21.0% of shares of all “Technology Services” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Volatility & Risk

SKYX Platforms has a beta of -3532.14, suggesting that its stock price is 353,314% less volatile than the S&P 500. Comparatively, SKYX Platforms’ peers have a beta of -13.69, suggesting that their average stock price is 1,469% less volatile than the S&P 500.

Profitability

This table compares SKYX Platforms and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SKYX Platforms	-40.45%	-3,407.81%	-53.73%
SKYX Platforms Competitors	-268.94%	-105.32%	-20.55%

Valuation and Earnings

This table compares SKYX Platforms and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
SKYX Platforms	$86.28 million	-$35.77 million	-3.17
SKYX Platforms Competitors	$1.36 billion	$32.01 million	-16.82

SKYX Platforms’ peers have higher revenue and earnings than SKYX Platforms. SKYX Platforms is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a summary of recent recommendations and price targets for SKYX Platforms and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SKYX Platforms	0	0	2	1	3.33
SKYX Platforms Competitors	455	2098	4626	227	2.62

SKYX Platforms presently has a consensus target price of $3.50, suggesting a potential upside of 207.02%. As a group, “Technology Services” companies have a potential upside of 20.12%. Given SKYX Platforms’ stronger consensus rating and higher probable upside, equities analysts clearly believe SKYX Platforms is more favorable than its peers.

Summary

SKYX Platforms beats its peers on 7 of the 13 factors compared.

About SKYX Platforms

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. 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 based in Pompano Beach, Florida.