SKYX Platforms Corp (NASDAQ:SKYX) has a beta value of 2.53 and has seen 0.3 million shares traded in the last trading session. The company, currently valued at $191.68M, closed the last trade at $1.87 per share which meant it lost -$0.09 on the day or -4.59% during that session. The SKYX stock price is -13.9% off its 52-week high price of $2.13 and 61.5% above the 52-week low of $0.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.74 million shares traded. The 3-month trading volume is 536.11K shares.
The consensus among analysts is that SKYX Platforms Corp (SKYX) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.
SKYX Platforms Corp (NASDAQ:SKYX) trade information
Sporting -4.59% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SKYX stock price touched $1.87 or saw a rise of 9.88%. Year-to-date, SKYX Platforms Corp shares have moved 61.21%, while the 5-day performance has seen it change -5.56%. Over the past 30 days, the shares of SKYX Platforms Corp (NASDAQ:SKYX) have changed 46.09%. Short interest in the company has seen 2.97 million shares shorted with days to cover at 4.41.
SKYX Platforms Corp (SKYX) estimates and forecasts
The company’s shares have gained 87.00% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 46.63%.
4 analysts offering their estimates for the company have set an average revenue estimate of 23.6M for the current quarter. 4 have an estimated revenue figure of 24.32M for the next ending quarter. Year-ago sales stood 22.17M and 18.98M respectively for this quarter and the next, and analysts expect sales will grow by 6.43% for the current quarter and 46.63% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.95% over the past 5 years. Earnings growth for 2025 is a modest 25.00% while over the next 5 years, the company’s earnings are expected to increase by 36.54%.
SKYX Dividends
SKYX Platforms Corp is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SKYX Platforms Corp (NASDAQ:SKYX)’s Major holders
Insiders own 40.63% of the company shares, while shares held by institutions stand at 7.92% with a share float percentage of 13.35%. Investors are also buoyed by the number of investors in a company, with SKYX Platforms Corp having a total of 57.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.26 million shares worth more than $2.14 million. As of 2024-06-30, VANGUARD GROUP INC held 2.3725% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 1.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.29 million and represent 1.426% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.39% shares in the company for having 1.59 shares of worth $2.98 million while later fund manager owns 644.8 shares of worth $1.21 million as of Sep 30, 2024, which makes it owner of about 0.97% of company’s outstanding stock.
