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After finishing at $1.45 in the prior trading day, SKYX Platforms Corp (NASDAQ: SKYX) closed at $1.32, down -8.97%. In other words, the price has decreased by -$8.97 from its previous closing price. On the day, 0.59 million shares were traded.
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 0.50 and its Current Ratio is at 0.63. In the meantime, Its Debt-to-Equity ratio is 9.50 whereas as Long-Term Debt/Eq ratio is at 6.82.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60.
Stock Price History:
Over the past 52 weeks, SKYX has reached a high of $2.13, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is 10.19%, while the 200-Day Moving Average is calculated to be 9.27%.
Shares Statistics:
A total of 104.95M shares are outstanding, with a floating share count of 65.99M. Insiders hold about 37.63% of the company’s shares, while institutions hold 9.87% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from 2.0 analysts. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.25 and -$0.3 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.19, with 2.0 analysts recommending between -$0.17 and -$0.21.
Revenue Estimates
4 analysts predict $22.95M in revenue for the current quarter. It ranges from a high estimate of $23.6M to a low estimate of $21.5M. As of the current estimate, SKYX Platforms Corp’s year-ago sales were $21.45MFor the next quarter, 4 analysts are estimating revenue of $26.7M. There is a high estimate of $28M for the next quarter, whereas the lowest estimate is $25M.
A total of 4 analysts have provided revenue estimates for SKYX’s current fiscal year. The highest revenue estimate was $106.61M, while the lowest revenue estimate was $95M, resulting in an average revenue estimate of $99.58M. In the same quarter a year ago, actual revenue was $86.28MBased on 4 analysts’ estimates, the company’s revenue will be $129.38M in the next fiscal year. The high estimate is $135M and the low estimate is $122.5M.
