In last trading session, SKYX Platforms Corp (NASDAQ:SKYX) saw 0.32 million shares changing hands with its beta currently measuring 3.45. Company’s recent per share price level of $1.80 trading at $0.09 or 5.26% at ring of the bell on the day assigns it a market valuation of $165.91M. That closing price of SKYX’s stock is at a discount of -131.67% from its 52-week high price of $4.17 and is indicating a premium of 33.33% from its 52-week low price of $1.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.21 million shares which gives us an average trading volume of 208.76K if we extend that period to 3-months.
For SKYX Platforms Corp (SKYX), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.03 in the current quarter.
SKYX Platforms Corp (NASDAQ:SKYX) trade information
Upright in the green during last session for gaining 5.26%, in the last five days SKYX remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $1.80 price level, adding 7.69% to its value on the day. SKYX Platforms Corp’s shares saw a change of -28.57% in year-to-date performance and have moved 36.36% in past 5-day. SKYX Platforms Corp (NASDAQ:SKYX) showed a performance of 22.45% in past 30-days. Number of shares sold short was 2.98 million shares which calculate 21.08 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.00 to the stock, which implies a rise of 64.0% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $5.00. It follows that stock’s current price would drop -177.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -177.78% for stock’s current value.
SKYX Platforms Corp (SKYX) estimates and forecasts
This year revenue growth is estimated to rise 180,681.30% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $21.56 million for the same. And 2 analysts are in estimates of company making revenue of $28.28 million in the next quarter that will end on Mar 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 31.23% during past 5 years.
SKYX Platforms Corp is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
SKYX Platforms Corp (NASDAQ:SKYX)’s Major holders
Insiders are in possession of 46.22% of company’s total shares while institution are holding 5.63 percent of that, with stock having share float percentage of 10.48%. Investors also watch the number of corporate investors in a company very closely, which is 5.63% institutions for SKYX Platforms Corp that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SKYX for having 3.4 million shares of worth $6.12 million. And as of Sep 29, 2023, it was holding 5.10% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 2.3 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 3.45% of outstanding shares, having a total worth of $4.14 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 1.3 million shares of worth $2.34 million or 1.95% of the total outstanding shares. The later fund manager was in possession of 1.22 million shares on Jun 29, 2023, making its stake of worth around $2.19 million in the company or a holder of 1.83% of company’s stock.