Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, SKYX Platforms Corp (NASDAQ: SKYX) closed at $1.53 down -6.13% from its previous closing price of $1.63. In other words, the price has decreased by -$6.13 from its previous closing price. On the day, 0.59 million shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 40.85.
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 $0.72. The 50-Day Moving Average of the stock is 3.98%, while the 200-Day Moving Average is calculated to be 35.07%.
Shares Statistics:
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 8.03% stake in the company.
Earnings Estimates
The current market rating for SKYX Platforms Corp (SKYX) reflects the collective analysis of 1.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.33 and -$0.33 for the fiscal current year, implying an average EPS of -$0.33. EPS for the following year is -$0.17, with 2.0 analysts recommending between -$0.12 and -$0.21.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $23.6M this quarter.It ranges from a high estimate of $24M to a low estimate of $23M. As of the current estimate, SKYX Platforms Corp’s year-ago sales were $22.17MFor the next quarter, 4 analysts are estimating revenue of $24.32M. There is a high estimate of $28.5M for the next quarter, whereas the lowest estimate is $20M.
A total of 4 analysts have provided revenue estimates for SKYX’s current fiscal year. The highest revenue estimate was $86.6M, while the lowest revenue estimate was $85.6M, resulting in an average revenue estimate of $86.2M. In the same quarter a year ago, actual revenue was $58.79MBased on 5 analysts’ estimates, the company’s revenue will be $116.78M in the next fiscal year. The high estimate is $139.1M and the low estimate is $102.1M.
