Wall Street Zen upgraded shares of SKYX Platforms (NASDAQ:SKYX – Free Report) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.
Other equities research analysts also recently issued research reports about the company. Lake Street Capital lowered their price target on SKYX Platforms from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SKYX Platforms in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.
Get Our Latest Report on SKYX Platforms
SKYX Platforms Trading Down 3.5%
SKYX Platforms stock opened at $0.75 on Friday. The firm’s fifty day moving average price is $1.13 and its 200-day moving average price is $1.38. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.28 and a current ratio of 1.46. SKYX Platforms has a fifty-two week low of $0.74 and a fifty-two week high of $3.29.
SKYX Platforms (NASDAQ:SKYX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $25.27 million for the quarter, compared to the consensus estimate of $24.07 million. Equities research analysts forecast that SKYX Platforms will post -0.21 earnings per share for the current year.
Institutional Investors Weigh In On SKYX Platforms
A number of hedge funds have recently made changes to their positions in the business. Byrne Asset Management LLC raised its position in SKYX Platforms by 7.2% in the 3rd quarter. Byrne Asset Management LLC now owns 153,100 shares of the company’s stock worth $175,000 after purchasing an additional 10,300 shares during the period. Corient Private Wealth LP boosted its position in SKYX Platforms by 66.0% during the second quarter. Corient Private Wealth LP now owns 709,549 shares of the company’s stock valued at $784,000 after buying an additional 282,149 shares during the period. Susquehanna International Group LLP boosted its position in SKYX Platforms by 572.2% during the second quarter. Susquehanna International Group LLP now owns 347,746 shares of the company’s stock valued at $384,000 after buying an additional 296,014 shares during the period. Bank of America Corp DE purchased a new stake in SKYX Platforms during the second quarter valued at about $50,000. Finally, Hsbc Holdings PLC bought a new position in shares of SKYX Platforms during the second quarter valued at about $30,000. 11.79% of the stock is currently owned by institutional investors.
About SKYX Platforms
SKYX Platforms Corp. is a technology company focused on smart-home and smart-building solutions designed to make residential and commercial spaces safer, more connected and easier to automate. Its products are intended to simplify the installation and use of connected electrical and lighting systems, particularly in new construction and renovation projects.
The company develops and markets products such as smart plug-and-play electrical receptacles, ceiling outlet and lighting platforms, smart switches, fixtures and related technologies.
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