Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
In the latest session, SKYX Platforms Corp (NASDAQ: SKYX) closed at $2.21 up 8.33% from its previous closing price of $2.04. In other words, the price has increased by $8.33 from its previous closing price. On the day, 0.89 million shares were traded. SKYX stock price reached its highest trading level at $2.23 during the session, while it also had its lowest trading level at $2.02.
Ratios:
For a deeper understanding of SKYX Platforms Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 33.41 whereas as Long-Term Debt/Eq ratio is at 26.91.
Upgrades & Downgrades
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 251386128 and an Enterprise Value of 295082144. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77. Its current Enterprise Value per Revenue stands at 3.252 whereas that against EBITDA is -10.213.
Stock Price History:
The Beta on a monthly basis for SKYX is 2.34, which has changed by 0.6721312 over the last 52 weeks, in comparison to a change of 0.19226205 over the same period for the S&P500. Over the past 52 weeks, SKYX has reached a high of $2.57, while it has fallen to a 52-week low of $0.88. The 50-Day Moving Average of the stock is 9.03%, while the 200-Day Moving Average is calculated to be 57.32%.
Shares Statistics:
For the past three months, SKYX has traded an average of 994.21K shares per day and 1473810 over the past ten days. A total of 112.67M shares are outstanding, with a floating share count of 69.01M. Insiders hold about 39.33% of the company’s shares, while institutions hold 13.31% stake in the company. Shares short for SKYX as of 1767139200 were 2805918 with a Short Ratio of 2.82, compared to 1764288000 on 2326494. Therefore, it implies a Short% of Shares Outstanding of 2805918 and a Short% of Float of 3.2300000000000004.
Earnings Estimates
Currently, 3.0 analysts are dedicated to thoroughly evaluating and rating the performance of SKYX Platforms Corp (SKYX) in the stock market.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.31 and -$0.32 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.18, with 3.0 analysts recommending between -$0.16 and -$0.22.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $25.12M this quarter.It ranges from a high estimate of $26.5M to a low estimate of $24M. As of. The current estimate, SKYX Platforms Corp’s year-ago sales were $23.68MFor the next quarter, 6 analysts are estimating revenue of $23.57M. There is a high estimate of $25.1M for the next quarter, whereas the lowest estimate is $21M.
A total of 6 analysts have provided revenue estimates for SKYX’s current fiscal year. The highest revenue estimate was $93.57M, while the lowest revenue estimate was $90.6M, resulting in an average revenue estimate of $92.06M. In the same quarter a year ago, actual revenue was $86.28MBased on 6 analysts’ estimates, the company’s revenue will be $118.06M in the next fiscal year. The high estimate is $131.06M and the low estimate is $107.2M.
