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SKYX Platforms (NASDAQ:SKYX) Stock Price Up 7.9% - What's Next?

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SKYX Platforms Corp. (NASDAQ:SKYX - Get Free Report)'s stock price shot up 7.9% during mid-day trading on Monday . The company traded as high as $1.27 and last traded at $1.23. 814,659 shares changed hands during trading, an increase of 99% from the average session volume of 408,578 shares. The stock had previously closed at $1.14.

SKYX Platforms Stock Performance

The stock has a 50 day moving average of $1.54 and a 200 day moving average of $1.25. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 2.22. The firm has a market cap of $131.72 million, a price-to-earnings ratio of -3.21 and a beta of -3,008.78.

Institutional Trading of SKYX Platforms

Several large investors have recently made changes to their positions in SKYX. XTX Topco Ltd bought a new position in SKYX Platforms in the third quarter valued at about $45,000. Geode Capital Management LLC boosted its position in SKYX Platforms by 20.8% in the third quarter. Geode Capital Management LLC now owns 704,930 shares of the company's stock valued at $598,000 after buying an additional 121,358 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of SKYX Platforms during the third quarter worth $27,000. Procyon Advisors LLC acquired a new position in shares of SKYX Platforms during the fourth quarter worth $241,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of SKYX Platforms in the 4th quarter valued at $408,000. Institutional investors and hedge funds own 11.79% of the company's stock.

SKYX Platforms Company Profile

(Get Free Report)

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.

Further Reading

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