Procyon Advisors LLC Makes New Investment in SKYX Platforms Corp. (NASDAQ:SKYX)

Procyon Advisors LLC purchased a new position in shares of SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 208,000 shares of the company's stock, valued at approximately $241,000. Procyon Advisors LLC owned about 0.20% of SKYX Platforms as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in SKYX Platforms during the third quarter worth about $27,000. XTX Topco Ltd bought a new position in shares of SKYX Platforms during the 3rd quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SKYX Platforms during the 2nd quarter worth approximately $79,000. Matrix Asset Advisors Inc. NY raised its stake in SKYX Platforms by 30.0% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 130,000 shares of the company's stock valued at $110,000 after acquiring an additional 30,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in SKYX Platforms by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 704,930 shares of the company's stock valued at $598,000 after purchasing an additional 121,358 shares during the last quarter. Institutional investors own 11.79% of the company's stock.

SKYX Platforms Stock Performance

SKYX stock traded up $0.09 during midday trading on Monday, reaching $1.35. 424,005 shares of the company were exchanged, compared to its average volume of 478,155. SKYX Platforms Corp. has a one year low of $0.72 and a one year high of $1.70. The firm has a market capitalization of $138.38 million, a price-to-earnings ratio of -3.38 and a beta of -2,747.93. The business has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $1.07. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.62 and a quick ratio of 0.47.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%. The firm had revenue of $22.17 million for the quarter, compared to analyst estimates of $23.70 million. During the same quarter in the prior year, the business posted ($0.08) EPS. Equities research analysts forecast that SKYX Platforms Corp. will post -0.34 EPS for the current year.

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.