SKYX Platforms (SKYX) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $1.00 to $1.05
• 50-Day Range: $0.97 to $1.41
• 52-Week Range: $0.72 to $1.87
• Volume: 529,126 shs
• Average Volume: 339,626 shs
• Market Capitalization: $105.58 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Buy

SKYX Platforms Stock Analysis - MarketRank™

SKYX Platforms scored higher than 39% of companies evaluated by MarketBeat, and ranked 224th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

SKYX Platforms has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

SKYX Platforms has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for SKYX Platforms are expected to grow in the coming year, from ($0.34) to ($0.20) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SKYX Platforms is -2.58, 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 -2.58, 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 5.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.22% 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 7.8.

Change versus previous month

Short interest in SKYX Platforms has recently increased by 4.62%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SKYX Platforms does not currently pay a dividend.

Dividend Growth

SKYX Platforms does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.22% 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 7.8.

Change versus previous month

Short interest in SKYX Platforms has recently increased by 4.62%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.40

News Sentiment

SKYX Platforms has a news sentiment score of 0.40. 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 0.59 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for SKYX Platforms this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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

33.00% 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 11.79% of the stock of SKYX Platforms is held by institutions.

SKYX Stock Analysis - Frequently Asked Questions

How have SKYX shares performed this year?

SKYX Platforms' stock was trading at $1.60 at the beginning of 2024. Since then, SKYX stock has decreased by 35.6% and is now trading at $1.03.
View the best growth stocks for 2024 here.

How were SKYX Platforms' earnings last quarter?

SKYX Platforms Corp. (NASDAQ:SKYX) released its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $22.17 million for the quarter, compared to the consensus estimate of $23.70 million. SKYX Platforms had a negative trailing twelve-month return on equity of 353.92% and a negative net margin of 44.92%.

When did SKYX Platforms IPO?

SKYX Platforms (SKYX) raised $20 million in an initial public offering on Thursday, February 10th 2022. The company issued 1,650,000 shares at $11.00-$13.00 per share.

Who are SKYX Platforms' major shareholders?

SKYX Platforms' top institutional shareholders include Geode Capital Management LLC (0.69%), Matrix Asset Advisors Inc. NY (0.13%), XTX Topco Ltd (0.05%) and Point72 Asia Singapore Pte. Ltd. (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SKYX Platforms own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SKYX Platforms investors own include The RMR Group (RMR), American Water Works (AWK), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), Waste Connections (WCN), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Electric lighting & wiring equipment
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:SKYX
• CUSIP: N/A
• CIK: 1598981
• Web: www.safetyquicklight.com
• Phone: (855) 759-7584
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +288.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.40)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-39,730,000.00
• Net Margins: -44.92%
• Pretax Margin: -44.91%
• Return on Equity: -353.92%
• Return on Assets: -53.51%

Debt

• Debt-to-Equity Ratio: 2.22
• Current Ratio: 0.62
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: $84.77 million
• Price / Sales: 1.25
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.18 per share
• Price / Book: 5.72

Miscellaneous

• Outstanding Shares: 102,502,000
• Free Float: 68,676,000
• Market Cap: $105.58 million
• Optionable: No Data
• Beta: -2,824.47