In today’s recent session, 1.53 million shares of the SKYX Platforms Corp (NASDAQ:SKYX) have been traded, and its beta is 2.83. Most recently the company’s share price was $1.00, and it changed around $0.04 or 4.10% from the last close, which brings the market valuation of the company to $101.49M. SKYX at last check was trading at a discount to its 52-week high of $1.95, offering almost -95.0% off that amount. The share price’s 52-week low was $0.72, which indicates that the recent value has risen by an impressive 28.0% since then. We note from SKYX Platforms Corp’s average daily trading volume that its 10-day average is 0.31 million shares, with the 3-month average coming to 276.89K.

SKYX Platforms Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SKYX as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. SKYX Platforms Corp is expected to report earnings per share of -0.09 for the current quarter.

SKYX Platforms Corp (NASDAQ:SKYX) trade information

Instantly SKYX has been showing a green trend so far today with a performance of 4.10% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0300 on recent trading dayincreased the stock’s daily price by 2.91%. The company’s shares are currently down -37.56% year-to-date, but still up 17.76% over the last five days. On the other hand, SKYX Platforms Corp (NASDAQ:SKYX) is 18.42% up in the 30-day period. We can see from the shorts that 2.95 million shares have been sold at a short interest cover period of 19.44 day(s).

SKYX Platforms Corp (SKYX) estimates and forecasts

SKYX Platforms Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.80 percent over the past six months and at a 26.09% annual growth rate that is well above the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -12.50% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be 56.10%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 23.41M in revenue for the current quarter. 5 analysts expect SKYX Platforms Corp to make 27.91M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.62M and 22.17M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.30%. Forecasts for the next quarter put sales growth at 25.90%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.95%.

SKYX Dividends

SKYX Platforms Corp’s next quarterly earnings report is expected to be released on 2024-Aug-12.

SKYX Platforms Corp (NASDAQ:SKYX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 40.56% of SKYX Platforms Corp shares, and 9.37% of them are in the hands of institutional investors. The stock currently has a share float of 15.76%. SKYX Platforms Corp stock is held by 70.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.3725% of the shares, which is about 2.26 million shares worth $2.14 million.

BLACKROCK INC., with 1.426% or 1.36 million shares worth $1.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.