During the recent session, SKYX Platforms Corp (NASDAQ:SKYX)’s traded shares were 0.9 million, with the beta value of the company hitting 2.52. At the last check today, the stock’s price was $1.71, reflecting an intraday gain of 13.67% or $0.21. The 52-week high for the SKYX share is $1.69, that puts it up 1.17 from that peak though still a striking 57.89% gain since the share price plummeted to a 52-week low of $0.72. The company’s market capitalization is $174.76M, and the average intraday trading volume over the past 10 days was 0.65 million shares, and the average trade volume was 441.83K 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.
SKYX Platforms Corp (NASDAQ:SKYX) trade information
SKYX Platforms Corp (SKYX) registered a 13.67% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.67% in intraday trading to $1.71, hitting a weekly high. The stock’s 5-day price performance is 33.20%, and it has moved by 62.38% in 30 days. Based on these gigs, the overall price performance for the year is 3.96%. The short interest in SKYX Platforms Corp (NASDAQ:SKYX) is 3.17 million shares and it means that shorts have 8.25 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 49.56% during the last six months, with a year-to-date growth rate more than the industry average at 26.09% against 15.30. 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 2025.
SKYX Dividends
SKYX Platforms Corp is due to release its next quarterly earnings in February. 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 40.62% of total outstanding shares while institutional holders control 7.27%, with the float percentage being 12.25%. VANGUARD GROUP INC is the largest shareholder of the company, while 52.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of SKYX Platforms Corp (SKYX) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.59 shares. This amounts to just over 2.39 percent of the company’s overall shares, with a $2.71 million market value. The same data shows that the other fund manager holds slightly less at 644.8, or about 0.97% of the stock, which is worth about $1.1 million.
