Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $2.04 in the prior trading day, SKYX Platforms Corp (NASDAQ: SKYX) closed at $2.08, up 1.96%. In other words, the price has increased by $1.96 from its previous closing price. On the day, 0.8 million shares were traded. SKYX stock price reached its highest trading level at $2.17 during the session, while it also had its lowest trading level at $2.0168.
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 0.51 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 236598688 and an Enterprise Value of 280294720. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61. Its current Enterprise Value per Revenue stands at 3.089 whereas that against EBITDA is -9.701.
Stock Price History:
The Beta on a monthly basis for SKYX is 2.32, which has changed by 0.9809524 over the last 52 weeks, in comparison to a change of 0.12934029 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 41.24%, while the 200-Day Moving Average is calculated to be 61.81%.
Shares Statistics:
The stock has traded on average 671.67K shares per day over the past 3-months and 1035620 shares per day over the last 10 days, according to various share statistics. A total of 112.67M shares are outstanding, with a floating share count of 69.47M. Insiders hold about 38.93% of the company’s shares, while institutions hold 13.26% stake in the company. Shares short for SKYX as of 1763078400 were 2690826 with a Short Ratio of 4.01, compared to 1760486400 on 2518568. Therefore, it implies a Short% of Shares Outstanding of 2690826 and a Short% of Float of 3.1.
