Q1 EPS Estimates for SKYX Platforms Lowered by Roth Capital

SKYX Platforms Corp. (NASDAQ:SKYX - Free Report) - Stock analysts at Roth Capital decreased their Q1 2025 earnings estimates for SKYX Platforms in a report released on Thursday, March 27th. Roth Capital analyst G. Sweeney now forecasts that the company will earn ($0.10) per share 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 issued its quarterly earnings results on Monday, March 24th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%. The company had revenue of $23.70 million during the quarter, compared to analysts' expectations of $22.93 million.

SKYX Platforms Price Performance

Shares of SKYX traded up $0.09 during trading hours on Monday, hitting $1.20. 328,185 shares of the stock were exchanged, compared to its average volume of 570,744. The stock's 50-day moving average price is $1.53 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. The company has a market cap of $125.37 million, a price-to-earnings ratio of -3.00 and a beta of -3,008.78. SKYX Platforms has a 12-month low of $0.72 and a 12-month high of $2.14.

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Institutional Investors Weigh In On SKYX Platforms

A number of hedge funds have recently modified their holdings of SKYX. Connective Capital Management LLC purchased a new stake in shares of SKYX Platforms in the fourth quarter valued at approximately $153,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of SKYX Platforms by 16.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 52,340 shares of the company's stock worth $61,000 after acquiring an additional 7,519 shares during the last quarter. Millennium Management LLC raised its holdings in shares of SKYX Platforms by 3.0% during the 4th quarter. Millennium Management LLC now owns 833,231 shares of the company's stock worth $967,000 after acquiring an additional 23,901 shares during the period. Jane Street Group LLC acquired a new position in shares of SKYX Platforms during the 4th quarter valued at about $62,000. Finally, Northern Trust Corp grew its holdings in shares of SKYX Platforms by 66.3% in the fourth quarter. Northern Trust Corp now owns 201,276 shares of the company's stock valued at $233,000 after purchasing an additional 80,245 shares during the period. 11.79% of the stock is currently owned by institutional investors and hedge funds.

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.