SKYX Platforms Corp (NASDAQ:SKYX) does about 453.49K shares in volume on a normal day but saw 7781156 shares change hands in the recent trading day. The company now has a market cap of 125.62M USD. Its current market price is $1.17, marking a decrease of -7.48% compared to the previous close of $1.27. The 52 week high reached by this stock is $2.13 whilst the lowest price level in 52 weeks is $0.75.
The consensus objective for the share price is $3.12, suggesting that the stock has a potential upside of 62.5% 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 -4.76%, -6.16%, and -5.65% away from its SMA20, SMA50, and SMA200 respectively, with the SKYX price moving above the 50-day SMA on current market day. SKYX Platforms Corp (SKYX) stock is up 2.17% over the week and -10.98% over the past month. Its price is 7.80% year-to-date and 1.29% over the past year.
To reach the target analysts have set, the stock logically needs to grow 62.5 percent from here.
The company has a return on investment of -106.37% and return on equity of -395.45%. The beta has a value of 2.42. Price to sales ratio is 1.44.
