Q1 EPS Estimates for SKYX Platforms Cut by Roth Capital

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Stock analysts at Roth Capital lowered their Q1 2025 EPS estimates for shares of SKYX Platforms in a report issued on Thursday, March 27th. Roth Capital analyst G. Sweeney now forecasts that the company will post earnings per share of ($0.10) for the quarter, down from their prior estimate of ($0.06). The consensus estimate for SKYX Platforms' current full-year earnings is ($0.34) per share. Roth Capital also issued estimates for SKYX Platforms' Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.28) EPS and FY2026 earnings at ($0.18) EPS.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last posted its earnings results on Monday, March 24th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 net margin of 44.92% and a negative return on equity of 353.92%.

SKYX Platforms Stock Performance

NASDAQ SKYX traded down $0.09 on Monday, reaching $1.08. The stock had a trading volume of 389,681 shares, compared to its average volume of 414,502. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.62 and a quick ratio of 0.47. The company has a market cap of $112.83 million, a P/E ratio of -2.70 and a beta of -3,008.78. The firm has a fifty day moving average of $1.50 and a two-hundred day moving average of $1.27. SKYX Platforms has a 1-year low of $0.72 and a 1-year high of $2.14.

Hedge Funds Weigh In On SKYX Platforms

Several institutional investors and hedge funds have recently modified their holdings of SKYX. Connective Capital Management LLC bought a new stake in SKYX Platforms in the 4th quarter valued at about $153,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of SKYX Platforms by 16.8% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 52,340 shares of the company's stock valued at $61,000 after buying an additional 7,519 shares in the last quarter. Millennium Management LLC boosted its stake in shares of SKYX Platforms by 3.0% in the fourth quarter. Millennium Management LLC now owns 833,231 shares of the company's stock valued at $967,000 after buying an additional 23,901 shares during the period. Jane Street Group LLC bought a new stake in shares of SKYX Platforms in the fourth quarter valued at approximately $62,000. Finally, Northern Trust Corp grew its position in SKYX Platforms by 66.3% during the fourth quarter. Northern Trust Corp now owns 201,276 shares of the company's stock worth $233,000 after buying an additional 80,245 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.