SKYX Platforms (SKYX) Set to Announce Quarterly Earnings on Tuesday

SKYX Platforms (NASDAQ:SKYX - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect SKYX Platforms to post earnings of ($0.09) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

SKYX Platforms (NASDAQ:SKYX - Get Free Report) last issued its earnings results on Monday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.03. The company had revenue of $21.45 million during the quarter, compared to analysts' expectations of $22.00 million. SKYX Platforms had a negative net margin of 43.51% and a negative return on equity of 260.53%. During the same period last year, the company posted ($0.15) earnings per share. On average, analysts expect SKYX Platforms to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SKYX Platforms Price Performance

Shares of SKYX traded down $0.08 on Monday, reaching $1.32. The stock had a trading volume of 359,878 shares, compared to its average volume of 336,265. The firm has a 50-day moving average of $1.07 and a 200 day moving average of $1.00. The firm has a market capitalization of $135.22 million, a PE ratio of -3.45 and a beta of -2,826.85. SKYX Platforms has a twelve month low of $0.72 and a twelve month high of $1.95. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.88.

Analysts Set New Price Targets

SKYX has been the topic of a number of research reports. Benchmark reissued a "buy" rating and issued a $5.00 price objective on shares of SKYX Platforms in a research note on Tuesday, August 13th. Roth Mkm assumed coverage on SKYX Platforms in a research note on Tuesday, September 10th. They issued a "buy" rating and a $2.00 target price on the stock. Finally, Roth Capital upgraded SKYX Platforms to a "strong-buy" rating in a research report on Tuesday, September 10th.

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.