During the last session, SKYX Platforms Corp (NASDAQ:SKYX)’s traded shares were 0.61 million, with the beta value of the company hitting 2.54. At the end of the trading day, the stock’s price was $1.09, reflecting an intraday gain of 6.86% or $0.07. The 52-week high for the SKYX share is $1.87, that puts it down -71.56 from that peak though still a striking 33.94% gain since the share price plummeted to a 52-week low of $0.72. The company’s market capitalization is $111.73M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 411.86K shares over the past three months.
SKYX Platforms Corp (SKYX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SKYX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
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SKYX Platforms Corp (NASDAQ:SKYX) trade information
SKYX Platforms Corp (SKYX) registered a 6.86% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.86% in intraday trading to $1.09, hitting a weekly high. The stock’s 5-day price performance is -2.68%, and it has moved by -9.92% in 30 days. Based on these gigs, the overall price performance for the year is -35.88%. The short interest in SKYX Platforms Corp (NASDAQ:SKYX) is 3.17 million shares and it means that shorts have 8.71 day(s) to cover.
SKYX Platforms Corp (SKYX) estimates and forecasts
Statistics show that SKYX Platforms Corp has outperformed its competitors in share price, compared to the industry in which it operates. SKYX Platforms Corp (SKYX) shares have gone up 25.49% during the last six months, with a year-to-date growth rate more than the industry average at 26.09% against 16.30. In the rating firms’ projections, revenue will increase 46.59% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 24.29M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 27.02M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 22.17M and 18.98M respectively. In this case, analysts expect current quarter sales to grow by 9.53% and then jump by 42.36% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.95%. While earnings are projected to return 25.00% in 2024.
SKYX Dividends
SKYX Platforms Corp is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SKYX Platforms Corp (NASDAQ:SKYX)’s Major holders
SKYX Platforms Corp insiders own 40.25% of total outstanding shares while institutional holders control 6.73%, with the float percentage being 11.27%. VANGUARD GROUP INC is the largest shareholder of the company, while 53.0 institutions own stock in it. As of 2024-06-30, the company held over 2.26 million shares (or 2.3725% of all shares), a total value of $2.14 million in shares.
The next largest institutional holding, with 1.36 million shares, is of BLACKROCK INC.’s that is approximately 1.426% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.29 million.
