In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of SKYX Platforms Corp (NASDAQ: SKYX) closed at $1.06 in the last session, down -0.93% from day before closing price of $1.07. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 0.61 million shares were traded. SKYX stock price reached its highest trading level at $1.1 during the session, while it also had its lowest trading level at $1.04.
Ratios:
We take a closer look at SKYX’s different ratios to gain a better understanding of the stock. 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:
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 113328832 and an Enterprise Value of 151526464. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30. Its current Enterprise Value per Revenue stands at 1.733 whereas that against EBITDA is -5.216.
Stock Price History:
The Beta on a monthly basis for SKYX is 2.32, which has changed by 0.32004976 over the last 52 weeks, in comparison to a change of 0.10500872 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 $0.75. The 50-Day Moving Average of the stock is -15.68%, while the 200-Day Moving Average is calculated to be -15.27%.
Shares Statistics:
According to the various share statistics, SKYX traded on average about 610.27K shares per day over the past 3-months and 1457820 shares per day over the past 10 days. A total of 104.95M shares are outstanding, with a floating share count of 66.66M. Insiders hold about 37.65% of the company’s shares, while institutions hold 9.76% stake in the company. Shares short for SKYX as of 1749772800 were 3030467 with a Short Ratio of 4.97, compared to 1747267200 on 3348959. Therefore, it implies a Short% of Shares Outstanding of 3030467 and a Short% of Float of 3.7800000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The dynamic stock of SKYX Platforms Corp (SKYX) is currently attracting attention from 2.0 analysts actively involved in rating its market status.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
According to 4 analysts, the current quarter’s revenue is expected to be $22.95M. 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 $106.6M, 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.
