SkyAI, Inc. Common Stock (NASDAQ:SKYA) Issues Quarterly Earnings Results

SkyAI, Inc. Common Stock (NASDAQ:SKYA) posted its earnings results on Friday. The company reported ($0.32) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.32 million during the quarter.

SkyAI, Inc. Common Stock Trading Up 3.4%

SkyAI, Inc. Common Stock stock traded up $0.04 during midday trading on Friday, reaching $1.21. 20,937 shares of the stock traded hands, compared to its average volume of 413,253. The firm has a market cap of $51.21 million, a PE ratio of -0.74 and a beta of 2.06. The company has a 50-day simple moving average of $1.22 and a two-hundred day simple moving average of $1.61. SkyAI, Inc. Common Stock has a 12-month low of $0.91 and a 12-month high of $18.23.

Analysts Set New Price Targets

SKYA has been the subject of a number of research analyst reports. Wall Street Zen cut SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Weiss Ratings restated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp purchased a new stake in SkyAI, Inc. Common Stock during the 2nd quarter worth about $6,657,000. Saba Capital Management L.P. lifted its position in shares of SkyAI, Inc. Common Stock by 645.7% during the 1st quarter. Saba Capital Management L.P. now owns 1,511,988 shares of the company’s stock worth $2,540,000 after purchasing an additional 1,309,236 shares during the last quarter. Cannell & Spears LLC purchased a new position in SkyAI, Inc. Common Stock in the first quarter valued at $141,000. Aristides Capital LLC acquired a new stake in shares of SkyAI, Inc. Common Stock during the 4th quarter worth about $25,000. Finally, Feynman Point Asset Management LLC purchased a new position in SkyAI, Inc. Common Stock in the fourth quarter valued at approximately $1,121,000. 17.17% of the stock is currently owned by hedge funds and other institutional investors.

SkyAI, Inc. Common Stock Company Profile

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.