Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $1.59 in the prior trading day, SKYX Platforms Corp (NASDAQ: SKYX) closed at $1.52, down -4.40%. In other words, the price has decreased by -$4.40 from its previous closing price. On the day, 0.57 million shares were traded. SKYX stock price reached its highest trading level at $1.6 during the session, while it also had its lowest trading level at $1.4301.
Ratios:
Our goal is to gain a better understanding of SKYX by taking a closer look at its different ratios. 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 171218832 and an Enterprise Value of 208930880. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94. Its current Enterprise Value per Revenue stands at 2.347 whereas that against EBITDA is -6.879.
Stock Price History:
The Beta on a monthly basis for SKYX is 2.38, which has changed by 0.15151513 over the last 52 weeks, in comparison to a change of 0.12121439 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 $0.88. The 50-Day Moving Average of the stock is 14.26%, while the 200-Day Moving Average is calculated to be 18.14%.
Shares Statistics:
The stock has traded on average 582.35K shares per day over the past 3-months and 878960 shares per day over the last 10 days, according to various share statistics. A total of 110.78M shares are outstanding, with a floating share count of 69.19M. Insiders hold about 39.05% of the company’s shares, while institutions hold 13.01% stake in the company. Shares short for SKYX as of 1760486400 were 2518568 with a Short Ratio of 4.32, compared to 1757894400 on 2813878. Therefore, it implies a Short% of Shares Outstanding of 2518568 and a Short% of Float of 2.93.
Earnings Estimates
. The current assessment of SKYX Platforms Corp (SKYX) involves the perspectives of 4.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.24 and -$0.33 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.17, with 4.0 analysts recommending between -$0.11 and -$0.22.
Revenue Estimates
6 analysts predict $23.49M in revenue for. The current quarter. It ranges from a high estimate of $24.4M to a low estimate of $23M. As of. The current estimate, SKYX Platforms Corp’s year-ago sales were $22.17MFor the next quarter, 6 analysts are estimating revenue of $25.28M. There is a high estimate of $28.5M for the next quarter, whereas the lowest estimate is $24M.
A total of 6 analysts have provided revenue estimates for SKYX’s current fiscal year. The highest revenue estimate was $95.2M, while the lowest revenue estimate was $90.18M, resulting in an average revenue estimate of $92.01M. In the same quarter a year ago, actual revenue was $86.28MBased on 6 analysts’ estimates, the company’s revenue will be $120.14M in the next fiscal year. The high estimate is $131.06M and the low estimate is $107.2M.
