SKYX Platforms Corp. (NASDAQ:SKYX – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.00.
SKYX has been the subject of several research reports. Lake Street Capital initiated coverage on shares of SKYX Platforms in a research report on Thursday, March 5th. They issued a “buy” rating and a $5.00 price objective for the company. Wall Street Zen raised shares of SKYX Platforms from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SKYX Platforms in a research note on Tuesday, April 21st. Finally, Noble Financial raised shares of SKYX Platforms to a “strong-buy” rating in a research note on Tuesday, May 12th.
Get Our Latest Stock Analysis on SKYX
SKYX Platforms Stock Performance
SKYX Platforms (NASDAQ:SKYX – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $22.09 million during the quarter, compared to analyst estimates of $21.98 million. As a group, equities analysts anticipate that SKYX Platforms will post -0.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd boosted its stake in shares of SKYX Platforms by 50.5% in the 4th quarter. Quadrature Capital Ltd now owns 22,577 shares of the company’s stock valued at $49,000 after purchasing an additional 7,575 shares during the last quarter. Invesco Ltd. boosted its stake in shares of SKYX Platforms by 26.6% in the 4th quarter. Invesco Ltd. now owns 40,732 shares of the company’s stock valued at $88,000 after purchasing an additional 8,547 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SKYX Platforms by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock valued at $45,000 after purchasing an additional 9,647 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of SKYX Platforms in the 4th quarter valued at about $35,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of SKYX Platforms by 5.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 348,900 shares of the company’s stock valued at $757,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors own 11.79% of the company’s stock.
About SKYX Platforms
SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.
The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.
Featured Stories
- Five stocks we like better than SKYX Platforms
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for SKYX Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SKYX Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
