SKYX Platforms (NASDAQ:SKYX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SKYX Platforms (NASDAQ:SKYX) from a sell rating to a hold rating in a research note released on Sunday.

A number of other analysts have also recently issued reports on the stock. Zacks Research upgraded shares of SKYX Platforms to a “hold” rating in a research note on Monday, September 15th. Roth Capital raised shares of SKYX Platforms to a “strong-buy” rating in a research note on Friday, October 17th. Litchfield Hills Research began coverage on shares of SKYX Platforms in a report on Friday, October 17th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SKYX Platforms in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SKYX Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

SKYX Platforms Price Performance

Shares of NASDAQ SKYX opened at $1.71 on Friday. SKYX Platforms has a one year low of $0.88 and a one year high of $2.14. The business’s 50-day moving average price is $1.39 and its two-hundred day moving average price is $1.26. The company has a market capitalization of $194.51 million, a P/E ratio of -4.89 and a beta of -3,843.83.

SKYX Platforms (NASDAQ:SKYX) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $23.89 million during the quarter, compared to analyst estimates of $24.45 million. SKYX Platforms had a negative return on equity of 3,407.81% and a negative net margin of 39.35%. On average, equities analysts anticipate that SKYX Platforms will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in SKYX Platforms by 7.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,326,427 shares of the company’s stock worth $3,726,000 after acquiring an additional 235,625 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of SKYX Platforms by 96.9% in the second quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company’s stock worth $1,527,000 after purchasing an additional 718,712 shares during the period. Clear Harbor Asset Management LLC lifted its position in shares of SKYX Platforms by 13.1% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 581,075 shares of the company’s stock worth $651,000 after purchasing an additional 67,500 shares during the last quarter. Corient Private Wealth LLC boosted its stake in SKYX Platforms by 163.0% during the 2nd quarter. Corient Private Wealth LLC now owns 446,981 shares of the company’s stock valued at $467,000 after purchasing an additional 277,000 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in SKYX Platforms by 10.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 330,900 shares of the company’s stock valued at $371,000 after purchasing an additional 32,000 shares during the period. 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.