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.
In the latest session, SKYX Platforms Corp (NASDAQ: SKYX) closed at $1.28 up 4.92% from its previous closing price of $1.22. In other words, the price has increased by $4.92 from its previous closing price. On the day, 0.87 million shares were traded. SKYX stock price reached its highest trading level at $1.2824 during the session, while it also had its lowest trading level at $1.18.
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 0.46 and its Current Ratio is at 0.61. In the meantime, Its Debt-to-Equity ratio is 10.73 whereas as Long-Term Debt/Eq ratio is at 7.85.
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 131202560 and an Enterprise Value of 160318000. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 34.18. Its current Enterprise Value per Revenue stands at 1.891 whereas that against EBITDA is -5.319.
Stock Price History:
Over the past 52 weeks, SKYX has reached a high of $1.70, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is 11.20%, while the 200-Day Moving Average is calculated to be 23.86%.
Shares Statistics:
For the past three months, SKYX has traded an average of 403.70K shares per day and 710050 over the past ten days. A total of 102.39M shares are outstanding, with a floating share count of 64.25M. Insiders hold about 37.32% of the company’s shares, while institutions hold 6.69% stake in the company. Shares short for SKYX as of 1735603200 were 3169067 with a Short Ratio of 7.85, compared to 1732838400 on 3169236. Therefore, it implies a Short% of Shares Outstanding of 3169067 and a Short% of Float of 4.2.
