SKYX Platforms Corp. (NASDAQ:SKYX – Free Report) – Analysts at Litchfield Hills Research increased their FY2026 EPS estimates for SKYX Platforms in a research report issued to clients and investors on Thursday, October 22nd. Litchfield Hills Research analyst B. Sine now forecasts that the company will post earnings per share of ($0.18) for the year, up from their prior estimate of ($0.20). The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.22) per share. Litchfield Hills Research also issued estimates for SKYX Platforms’ Q4 2026 earnings at ($0.02) EPS.
SKYX Platforms (NASDAQ:SKYX – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $25.27 million for the quarter, compared to the consensus estimate of $24.07 million.
A number of other equities research analysts also recently commented on the company. Wall Street Zen downgraded SKYX Platforms from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Lake Street Capital reduced their target price on SKYX Platforms from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SKYX Platforms in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4.50.
View Our Latest Analysis on SKYX
SKYX Platforms Stock Down 6.6%
NASDAQ:SKYX opened at $0.78 on Tuesday. SKYX Platforms has a 12-month low of $0.75 and a 12-month high of $3.29. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $108.38 million, a P/E ratio of -2.91 and a beta of -3,645.11. The stock’s fifty day simple moving average is $1.17 and its 200-day simple moving average is $1.41.
Hedge Funds Weigh In On SKYX Platforms
Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in SKYX Platforms by 243.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,221,500 shares of the company’s stock worth $1,368,000 after purchasing an additional 866,287 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in SKYX Platforms during the 1st quarter worth approximately $1,288,000. Allied Private Wealth LLC bought a new position in SKYX Platforms in the second quarter valued at approximately $1,326,000. BlackRock Inc. acquired a new position in shares of SKYX Platforms in the second quarter valued at approximately $1,100,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of SKYX Platforms in the second quarter valued at approximately $853,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.
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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