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.
The closing price of SKYX Platforms Corp (NASDAQ: SKYX) was $1.38 for the day, down -8.00% from the previous closing price of $1.50. In other words, the price has decreased by -$8.00 from its previous closing price. On the day, 0.6 million shares were traded. SKYX stock price reached its highest trading level at $1.51 during the session, while it also had its lowest trading level at $1.345.
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 141452752 and an Enterprise Value of 170568176. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 36.85. Its current Enterprise Value per Revenue stands at 2.012 whereas that against EBITDA is -5.659.
Stock Price History:
Over the past 52 weeks, SKYX has reached a high of $1.76, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is 19.43%, while the 200-Day Moving Average is calculated to be 33.45%.
Shares Statistics:
SKYX traded an average of 444.84K shares per day over the past three months and 656090 shares per day 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 1734048000 were 3167359 with a Short Ratio of 7.12, compared to 1731628800 on 3033963. Therefore, it implies a Short% of Shares Outstanding of 3167359 and a Short% of Float of 4.2.
