SKYX Platforms Corp (NASDAQ: SKYX) Stock: Instant Disaster Or Awesome Opportunity?

In the last trading session, 3.27 million shares of the SKYX Platforms Corp (NASDAQ:SKYX) were traded, and its beta was 2.83. Most recently the company’s share price was $1.17, and it changed around $0.21 or 21.91% from the last close, which brings the market valuation of the company to $118.86M. SKYX currently trades at a discount to its 52-week high of $1.95, offering almost -66.67% off that amount. The share price’s 52-week low was $0.72, which indicates that the current value has risen by an impressive 38.46% 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.

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SKYX Platforms Corp (NASDAQ:SKYX) trade information

Instantly SKYX has showed a green trend with a performance of 21.91% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.1900 on recent trading dayincreased the stock’s daily price by 1.68%. The company’s shares are currently down -26.88% year-to-date, but still up 37.92% over the last five days. On the other hand, SKYX Platforms Corp (NASDAQ:SKYX) is 38.69% 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 risen 4.46 percent over the past six months and at a 26.09% annual growth rate that is well above the industry average of 18.00%.

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.