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.
The closing price of SKYX Platforms Corp (NASDAQ: SKYX) was $1.23 for the day, up 7.89% from the previous closing price of $1.14. In other words, the price has increased by $7.89 from its previous closing price. On the day, 0.8 million shares were traded. SKYX stock price reached its highest trading level at $1.27 during the session, while it also had its lowest trading level at $1.12.
Ratios:
Our analysis of SKYX’s different ratios will help us gain a deeper understanding of the company. 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 127095904 and an Enterprise Value of 155692928. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 32.84. Its current Enterprise Value per Revenue stands at 1.837 whereas that against EBITDA is -4.934.
Stock Price History:
The Beta on a monthly basis for SKYX is 2.58, which has changed by 0.024999976 over the last 52 weeks, in comparison to a change of 0.09589827 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 $0.72. The 50-Day Moving Average of the stock is -19.80%, while the 200-Day Moving Average is calculated to be 6.62%.
Shares Statistics:
SKYX traded an average of 572.82K shares per day over the past three months and 410200 shares per day over the past ten days. A total of 102.39M shares are outstanding, with a floating share count of 64.77M. Insiders hold about 37.32% of the company’s shares, while institutions hold 8.16% stake in the company. Shares short for SKYX as of 1740700800 were 2955833 with a Short Ratio of 5.16, compared to 1738281600 on 2972038. Therefore, it implies a Short% of Shares Outstanding of 2955833 and a Short% of Float of 3.92.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
