Why Do Investors Buy Stock In SKYX Platforms Corp (SKYX)?

SKYX Platforms Corp (NASDAQ:SKYX) has a beta value of 2.51 and has seen 1.16 million shares traded in the last trading session. The company, currently valued at $147.31M, closed the last trade at $1.41 per share which meant it gained $0.04 on the day or 2.92% during that session. The SKYX stock price is -51.06% off its 52-week high price of $2.13 and 46.81% above the 52-week low of $0.75.

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.

SKYX Platforms Corp (NASDAQ:SKYX) trade information

Sporting 2.92% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SKYX stock price touched $1.41 or saw a rise of 7.54%. Year-to-date, SKYX Platforms Corp shares have moved 21.55%, while the 5-day performance has seen it change 11.90%. Over the past 30 days, the shares of SKYX Platforms Corp (NASDAQ:SKYX) have changed 45.81%.

SKYX Platforms Corp (SKYX) estimates and forecasts

The company’s shares have gained 2.92% over the past 6 months.

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 -4.37% over the past 5 years. Earnings growth for 2025 is a modest 20.83% while over the next 5 years, the company’s earnings are expected to increase by 39.43%.

SKYX Dividends

SKYX Platforms Corp is expected to release its next earnings report in June 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

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 2.2686% 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 1.3636% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 2.39% shares in the company for having 1.59 shares of worth $2.25 million while later fund manager owns 644.8 shares of worth $0.91 million as of Dec 31, 2024 , which makes it owner of about 0.97% of company’s outstanding stock.