Currently, SKYX Platforms Corp’s (SKYX) stock is trading at $1.07, marking a fall of -15.48% from last night’s close. At this price, the stock is -73.11% below its 52-week high of $3.96 and -4.91% above its 52-week low of $1.12.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, SKYX’s SMA-200 is $1.6904.
As well, it is important to consider SKYX stock ratios such as price-to-sales, which is currently 2.68.SKYX’s price to book ratio for the most recent quarter was 5.74, resulting in an 5.10 price to cash per share for the period.
How does SKYX Platforms Corp (SKYX) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 2 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 5.00 in simple terms.
SKYX Platforms Corp (SKYX): Earnings History
If we examine SKYX Platforms Corp’s recent earnings history, in the last quarter ended on 12/30/2023, it posted adjusted earnings per share of -$0.14, beating the consensus of -$0.08. In other words, it beat the consensus by -$0.06, resulting in a -75.00% surprise. In the 3 months period before the previous quarter which was closed on 12/30/2023, the stock recorded adjusted earnings per share of -$0.14 in contrast with the Outlook of -$0.08. That was a difference of -$0.06 and a surprise of -75.00%.
SKYX Platforms Corp (NASDAQ: SKYX) Ownership Details
I will give a breakdown of the key shareholders in SKYX Platforms Corp (SKYX). Recent figures show that the company’s insiders hold 45.74% of shares. A total of 77 institutional investors hold shares in the company, making 11.89% of its stock and 21.92% of its float.
Jun 29, 2023, it was reported that the Company’s largest institutional holder is Blackrock Inc. holding total of 3.03 million shares that make 4.55% of the company’s total number of shares and are currently priced at 8.07 million.
The securities firm Vanguard Group Inc holds 2.14 million shares of SKYX, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 3.21%, and the holding percentage of shares is valued at 5.69 million.
An overview of SKYX Platforms Corp’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests SKYX Platforms Corp (SKYX) traded 303,004 shares per day, with a moving average of $1.2505 and price change of -0.1500. With the moving average of $1.3647 and a price change of -0.5600, about 300,084 shares changed hands on average over the past 50 days. Finally, SKYX’s 100-day average volume is 249,878 shares, alongside a moving average of $1.4998 and a price change of -0.3100.
