SKYX has 36-month beta value of 3.01. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SKYX is 53.22M, and currently, short sellers hold a 10.07% ratio of that float. The average trading volume of SKYX on May 07, 2024 was 319.87K shares.
SKYX) stock’s latest price update
SKYX Platforms Corp (NASDAQ: SKYX)’s stock price has dropped by -9.33 in relation to previous closing price of 1.07. Nevertheless, the company has seen a loss of -5.81% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-01 that SKYX Platforms Corp. (SKYX) Q4 2023 Earnings Call Transcript
SKYX’s Market Performance
SKYX’s stock has fallen by -5.81% in the past week, with a monthly drop of -9.33% and a quarterly drop of -34.89%. The volatility ratio for the week is 9.85% while the volatility levels for the last 30 days are 9.65% for SKYX Platforms Corp The simple moving average for the past 20 days is -0.08% for SKYX’s stock, with a -35.59% simple moving average for the past 200 days.
Analysts’ Opinion of SKYX
Many brokerage firms have already submitted their reports for SKYX stocks, with Noble Capital Markets repeating the rating for SKYX by listing it as a “Outperform.” The predicted price for SKYX in the upcoming period, according to Noble Capital Markets is $5 based on the research report published on April 29, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see SKYX reach a price target of $15. The rating they have provided for SKYX stocks is “Buy” according to the report published on July 28th, 2022.
SKYX Trading at -14.28% from the 50-Day Moving Average
After a stumble in the market that brought SKYX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.90% of loss for the given period.
Volatility was left at 9.65%, however, over the last 30 days, the volatility rate increased by 9.85%, as shares sank -13.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.61% lower at present.
During the last 5 trading sessions, SKYX fell by -5.81%, which changed the moving average for the period of 200-days by -60.56% in comparison to the 20-day moving average, which settled at $0.9635. In addition, SKYX Platforms Corp saw -39.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SKYX
Current profitability levels for the company are sitting at:
- -0.64 for the present operating margin
- 0.29 for the gross margin
The net margin for SKYX Platforms Corp stands at -0.7. The total capital return value is set at -0.73. Equity return is now at value -326.44, with -66.50 for asset returns.
Based on SKYX Platforms Corp (SKYX), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -0.63. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is -12.13.
Currently, EBITDA for the company is -34.25 million with net debt to EBITDA at -0.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 17.37for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
To put it simply, SKYX Platforms Corp (SKYX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
