Analysts Offer Predictions for SKYX Platforms Q1 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Equities research analysts at Noble Financial issued their Q1 2025 earnings estimates for shares of SKYX Platforms in a research report issued to clients and investors on Tuesday, March 25th. Noble Financial analyst P. Mccann forecasts that the company will earn ($0.10) per share for the quarter. The consensus estimate for SKYX Platforms' current full-year earnings is ($0.34) per share. Noble Financial also issued estimates for SKYX Platforms' Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.07) EPS, FY2025 earnings at ($0.29) EPS and FY2026 earnings at ($0.17) EPS.

SKYX Platforms Trading Down 4.6 %

Shares of SKYX stock traded down $0.06 on Thursday, hitting $1.14. 123,113 shares of the stock traded hands, compared to its average volume of 417,133. SKYX Platforms has a twelve month low of $0.72 and a twelve month high of $2.14. The stock has a market capitalization of $116.34 million, a PE ratio of -2.84 and a beta of -3,008.78. The firm's 50-day moving average price is $1.54 and its two-hundred day moving average price is $1.27. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). The firm had revenue of $23.70 million during the quarter, compared to analyst estimates of $22.93 million. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%.

Remove Ads

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SKYX. Virtu Financial LLC purchased a new stake in SKYX Platforms during the 3rd quarter worth approximately $27,000. SlateStone Wealth LLC raised its stake in shares of SKYX Platforms by 169.8% in the fourth quarter. SlateStone Wealth LLC now owns 28,600 shares of the company's stock valued at $33,000 after acquiring an additional 18,000 shares in the last quarter. Certuity LLC boosted its holdings in SKYX Platforms by 60.6% in the fourth quarter. Certuity LLC now owns 28,259 shares of the company's stock valued at $33,000 after purchasing an additional 10,659 shares during the period. Prudential Financial Inc. acquired a new position in shares of SKYX Platforms during the fourth quarter worth about $36,000. Finally, Barclays PLC raised its holdings in shares of SKYX Platforms by 3,081,100.0% in the 4th quarter. Barclays PLC now owns 30,812 shares of the company's stock valued at $36,000 after purchasing an additional 30,811 shares in the last quarter. 11.79% of the stock is currently owned by institutional investors and hedge funds.

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.