SKYX Platforms Corp (NASDAQ:SKYX)’s traded shares stood at 0.42 million during the last session, with the company’s beta value hitting 2.45. At the close of trading, the stock’s price was $1.35, to imply an increase of 7.14% or $0.09 in intraday trading. The SKYX share’s 52-week high remains $1.70, putting it -25.93% down since that peak but still an impressive 46.67% since price per share fell to its 52-week low of $0.72. The company has a valuation of $138.38M, with an average of 0.59 million shares in intraday trading volume over the past 10 days and average of 407.21K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for SKYX Platforms Corp (SKYX), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SKYX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
SKYX Platforms Corp (NASDAQ:SKYX) trade information
After registering a 7.14% upside in the last session, SKYX Platforms Corp (SKYX) has traded red over the past five days. The 5-day price performance for the stock is 0.00%, and 25.00% over 30 days. With these gigs, the year-to-date price performance is 16.38%. Short interest in SKYX Platforms Corp (NASDAQ:SKYX) saw shorts transact 3.17 million shares and set a 8.25 days time to cover.
SKYX Platforms Corp (SKYX) estimates and forecasts
Looking at statistics comparing SKYX Platforms Corp share performance against respective industry, we note that the company has outperformed competitors. SKYX Platforms Corp (SKYX) shares are 32.35% up over the last 6 months, with its year-to-date growth rate higher than industry average at 26.09% against 15.00%. The rating firms project that company’s revenue will grow 46.59% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 24.29M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 27.02M.Earnings reports from the last fiscal year show that sales brought in 22.17M and 18.98M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.53% before jumping 42.36% in the following quarter.
SKYX Dividends
SKYX Platforms Corp has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
SKYX Platforms Corp (NASDAQ:SKYX)’s Major holders
SKYX Platforms Corp insiders hold 40.62% of total outstanding shares, with institutional holders owning 6.90% of the shares at 11.63% float percentage. In total, 6.90% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 2.26 million shares (or 2.3725% of shares), all amounting to roughly $2.14 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.36 million shares, or about 1.426% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.29 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the SKYX Platforms Corp (SKYX) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 1.59 shares. This is just over 2.39% of the total shares, with a market valuation of $2.15 million. Data from the same date shows that the other fund manager holds a little less at 644.8, or 0.97% of the shares, all valued at about 0.87 million.
