Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of SKYX Platforms Corp (NASDAQ: SKYX) closed at $1.32 in the last session, up 1.54% from day before closing price of $1.3. In other words, the price has increased by $1.54 from its previous closing price. On the day, 0.58 million shares were traded. SKYX stock price reached its highest trading level at $1.36 during the session, while it also had its lowest trading level at $1.29.
Ratios:
We take a closer look at SKYX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 6.98 whereas as Long-Term Debt/Eq ratio is at 5.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of . The stock’s future direction. In the most recent recommendation for this company, ROTH MKM on September 10, 2024, initiated with a Buy rating and assigned the stock a target price of $2.
On April 29, 2024, Noble Capital Markets started tracking the stock assigning a Outperform rating and target price of $5. On July 28, 2022, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $15.The Benchmark Company initiated its Buy rating on July 28, 2022, with a $15 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKYX now has a Market Capitalization of 147110128 and an Enterprise Value of 186641472. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65. Its current Enterprise Value per Revenue stands at 2.096 whereas that against EBITDA is -6.145.
Stock Price History:
The Beta on a monthly basis for SKYX is 2.34, which has changed by 0.4332248 over the last 52 weeks, in comparison to a change of 0.1675967 over the same period for the S&P500. Over the past 52 weeks, SKYX has reached a high of $2.13, while it has fallen to a 52-week low of $0.80. The 50-Day Moving Average of the stock is 15.44%, while the 200-Day Moving Average is calculated to be 5.12%.
Shares Statistics:
According to the various share statistics, SKYX traded on average about 572.56K shares per day over the past 3-months and 530110 shares per day over the past 10 days. A total of 110.78M shares are outstanding, with a floating share count of 69.66M. Insiders hold about 37.49% of the company’s shares, while institutions hold 12.89% stake in the company. Shares short for SKYX as of 1756425600 were 2738938 with a Short Ratio of 4.78, compared to 1753920000 on 3274384. Therefore, it implies a Short% of Shares Outstanding of 2738938 and a Short% of Float of 3.2399999999999998.
Earnings Estimates
The dynamic stock of SKYX Platforms Corp (SKYX) is currently attracting attention from 3.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.24 and -$0.29 for the fiscal current year, implying an average EPS of -$0.27. EPS for the following year is -$0.15, with 3.0 analysts recommending between -$0.11 and -$0.17.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $24.45M. It ranges from a high estimate of $25.66M to a low estimate of $23.2M. As of the current estimate, SKYX Platforms Corp’s year-ago sales were $22.17MFor the next quarter, 5 analysts are estimating revenue of $27.05M. There is a high estimate of $29.35M for the next quarter, whereas the lowest estimate is $24M.
A total of 5 analysts have provided revenue estimates for SKYX’s current fiscal year. The highest revenue estimate was $98.47M, while the lowest revenue estimate was $90.4M, resulting in an average revenue estimate of $94.75M. In the same quarter a year ago, actual revenue was $86.28MBased on 5 analysts’ estimates, the company’s revenue will be $122.11M in the next fiscal year. The high estimate is $139.53M and the low estimate is $107.2M.
