SKYX Platforms Corp (NASDAQ:SKYX) does about 473.39K shares in volume on a normal day but saw 1505482 shares change hands in the recent trading day. The company now has a market cap of 153.75M USD. Its current market price is $1.50, marking an increase of 7.14% compared to the previous close of $1.40. The 52 week high reached by this stock is $1.76 whilst the lowest price level in 52 weeks is $0.72.
SKYX Platforms Corp (SKYX) has a 20-day trading average at $1.1135 and the current price is -14.77% off the 52-week high compared with 107.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1561 and its 200-day simple moving average is $1.0336. If we look at the stock’s price movements over the week, volatility stands at 9.56%, which decreases to 8.96% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.31 to suggest the stock is overbought.
The consensus objective for the share price is $3.20, suggesting that the stock has a potential upside of 53.12% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 10, 2024 when ROTH MKM initiated the stock to “Buy” and issued a price target of $2. The Benchmark Company initiated its price target at $15.
The current price level is 34.71%, 29.75%, and 45.13% away from its SMA20, SMA50, and SMA200 respectively, with the SKYX price moving below the 50-day SMA on current market day. SKYX Platforms Corp (SKYX) stock is up 27.12% over the week and 32.74% over the past month. Its price is 29.31% year-to-date and -14.29% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.07 and -0.33 for whole year. Expected sales for next quarter are $27.02M, which analysts say will come at $86.17M for the current fiscal year and next year at $126.52M. In addition, estimates put the company’s current quarterly revenue at an average of $24.29M.
To reach the target analysts have set, the stock logically needs to grow 53.12 percent from here.
Outstanding shares total 102.39M with insiders holding 40.57% of the shares and institutional holders owning 6.70% of the company’s common stock. The company has a return on investment of -112.30% and return on equity of -364.58%. The beta has a value of 2.47. Price to book ratio is 40.05 and price to sales ratio is 1.81.
