SKYX Platforms (SKYX) Stock Price, News & Analysis

Company Overview

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. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.

Key Stats

• Today's Range: $1.07 to $1.19
• 50-Day Range: $1.00 to $1.29
• 52-Week Range: $0.80 to $2.14
• Volume: 696,024 shs
• Average Volume: 557,592 shs
• Market Capitalization: $126.15 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.50
• Consensus Rating: Buy

SKYX Platforms Stock Analysis - MarketRank™

SKYX Platforms scored higher than 54% of companies evaluated by MarketBeat, and ranked 359th out of 602 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

SKYX Platforms has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

SKYX Platforms has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for SKYX Platforms are expected to grow in the coming year, from ($0.34) to ($0.20) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SKYX Platforms is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SKYX Platforms is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.98% of the float of SKYX Platforms has been sold short.

Short Interest Ratio / Days to Cover

SKYX Platforms has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in SKYX Platforms has recently increased by 4.40%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SKYX Platforms does not currently pay a dividend.

Dividend Growth

SKYX Platforms does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.98% of the float of SKYX Platforms has been sold short.

Short Interest Ratio / Days to Cover

SKYX Platforms has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in SKYX Platforms has recently increased by 4.40%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.33

News Sentiment

SKYX Platforms has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for SKYX Platforms this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for SKYX on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added SKYX Platforms to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SKYX Platforms insiders have not sold or bought any company stock.

Percentage Held by Insiders

30.00% of the stock of SKYX Platforms is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 11.79% of the stock of SKYX Platforms is held by institutions.

SKYX Stock Analysis - Frequently Asked Questions

How have SKYX shares performed this year?

SKYX Platforms' stock was trading at $1.16 on January 1st, 2025. Since then, SKYX shares have increased by 1.7% and is now trading at $1.18.

How were SKYX Platforms' earnings last quarter?

SKYX Platforms Corp. (NASDAQ:SKYX) released its quarterly earnings results on Tuesday, August, 12th. The company reported ($0.08) EPS for the quarter, hitting analysts' consensus estimates of ($0.08). SKYX Platforms had a negative trailing twelve-month return on equity of 3,407.81% and a negative net margin of 40.45%.

When did SKYX Platforms IPO?

SKYX Platforms (SKYX) raised $20 million in an IPO on Thursday, February 10th 2022. The company issued 1,650,000 shares at $11.00-$13.00 per share.

Who are SKYX Platforms' major shareholders?

SKYX Platforms' top institutional shareholders include Geode Capital Management LLC (1.37%), Clear Harbor Asset Management LLC (0.48%), Matrix Asset Advisors Inc. NY (0.19%) and Intech Investment Management LLC (0.03%).
View institutional ownership trends.

How do I buy shares of SKYX Platforms?

Shares of SKYX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of SKYX Platforms own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SKYX Platforms investors own include The RMR Group (RMR), American Water Works (AWK), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), Waste Connections (WCN), AU Optronics (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 5/14/2025
• Today: 8/12/2025
• Next Earnings (Estimated): 8/12/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:SKYX
• CIK: 1598981
• Web: www.safetyquicklight.com
• Phone: (855) 759-7584
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Price Target for SKYX Platforms: $3.50
• High Price Target: $5.00
• Low Price Target: $2.00
• Potential Upside/Downside: +196.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.36)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$35.77 million
• Net Margins: -40.45%
• Pretax Margin: -40.21%
• Return on Equity: -3,407.81%
• Return on Assets: -53.73%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.64
• Quick Ratio: 0.51

Sales & Book Value

• Annual Sales: $86.28 million
• Price / Sales: 1.46
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.02) per share
• Price / Book: -59.00

Miscellaneous

• Outstanding Shares: 106,910,000
• Free Float: 74,840,000
• Market Cap: $126.15 million
• Optionable: No Data
• Beta: -3,533.92