In last trading session, SKYX Platforms Corp (NASDAQ:SKYX) saw 0.33 million shares changing hands with its beta currently measuring 3.00. Company’s recent per share price level of $1.00 trading at -$0.07 or -6.65% at ring of the bell on the day assigns it a market valuation of $96.75M. That closing price of SKYX’s stock is at a discount of -296.0% from its 52-week high price of $3.96 and is indicating a discount of -1.0% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 300.81K if we extend that period to 3-months.
SKYX Platforms Corp (NASDAQ:SKYX) trade information
Upright in the red during last session for losing -6.65%, in the last five days SKYX remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $1.00 price level, adding 13.04% to its value on the day. SKYX Platforms Corp’s shares saw a change of -37.58% in year-to-date performance and have moved -6.65% in past 5-day. SKYX Platforms Corp (NASDAQ:SKYX) showed a performance of -23.17% in past 30-days. Number of shares sold short was 4.94 million shares which calculate 18.1 days to cover the short interests.
SKYX Platforms Corp (SKYX) estimates and forecasts
This year revenue growth is estimated to rise 98.70% 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 $27.83 million for the same. And 2 analysts are in estimates of company making revenue of $27.95 million in the next quarter that will end on Jun 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 3.95% during past 5 years.
SKYX Dividends
SKYX Platforms Corp is more likely to be releasing its next quarterly report in May 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 43.57% of company’s total shares while institution are holding 11.95 percent of that, with stock having share float percentage of 21.18%. Investors also watch the number of corporate investors in a company very closely, which is 11.95% institutions for SKYX Platforms Corp that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SKYX for having 3.03 million shares of worth $8.07 million. And as of Jun 29, 2023, it was holding 4.55% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 2.14 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.21% of outstanding shares, having a total worth of $5.69 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.22 million shares of worth $3.24 million or 1.83% of the total outstanding shares. The later fund manager was in possession of 1.14 million shares on Aug 30, 2023, making its stake of worth around $2.0 million in the company or a holder of 1.72% of company’s stock.
