Analysts Offer Predictions for SKYX Platforms Q1 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Research analysts at Litchfield Hills Research issued their Q1 2027 earnings estimates for shares of SKYX Platforms in a research report issued on Thursday, November 13th. Litchfield Hills Research analyst B. Sine anticipates that the company will post earnings of ($0.04) per share for the quarter. Litchfield Hills Research has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share. Litchfield Hills Research also issued estimates for SKYX Platforms’ Q2 2027 earnings at $0.04 EPS and Q3 2027 earnings at $0.16 EPS.

SKYX Platforms (NASDAQ:SKYX) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. SKYX Platforms had a negative net margin of 39.35% and a negative return on equity of 3,407.81%. The business had revenue of $23.89 million for the quarter, compared to the consensus estimate of $24.45 million.

Other equities analysts have also issued research reports about the stock. Roth Capital raised shares of SKYX Platforms to a “strong-buy” rating in a research report on Friday, October 17th. Zacks Research upgraded shares of SKYX Platforms to a “hold” rating in a report on Monday, September 15th. Wall Street Zen raised shares of SKYX Platforms from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SKYX Platforms in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.00.

SKYX Platforms Stock Performance

Shares of NASDAQ SKYX traded up $0.25 during mid-day trading on Friday, reaching $1.78. 533,822 shares of the company traded hands, compared to its average volume of 564,779. The company’s fifty day moving average is $1.36 and its two-hundred day moving average is $1.25. SKYX Platforms has a fifty-two week low of $0.88 and a fifty-two week high of $2.14. The stock has a market cap of $202.07 million, a PE ratio of -5.06 and a beta of -3,843.83.

Hedge Funds Weigh In On SKYX Platforms

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC bought a new stake in SKYX Platforms in the second quarter valued at $32,000. Invesco Ltd. bought a new position in shares of SKYX Platforms during the second quarter valued at $34,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SKYX Platforms in the 2nd quarter valued at $35,000. Private Advisor Group LLC grew its holdings in shares of SKYX Platforms by 33.9% in the 1st quarter. Private Advisor Group LLC now owns 39,500 shares of the company’s stock worth $45,000 after purchasing an additional 10,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SKYX Platforms by 31.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock worth $45,000 after purchasing an additional 9,647 shares in the last quarter. 11.79% of the stock is owned by institutional investors and hedge funds.

About SKYX Platforms

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products.