SKYX Platforms Corp (NASDAQ: SKYX) has experienced a decline in its stock price by -2.13 compared to its previous closing price of 0.88. However, the company has seen a fall of -7.17% in its stock price over the last five trading days. prismmediawire.com reported 2024-08-19 that The Collaboration Provides for the Joint Exploration and Product Development Potential for European and International markets for leveraging SKYX’s Technology, Product and Manufacturing Expertise of the Two Companies MIAMI, FL, August 19, 2024 – SKYX Platforms Corp.
Is It Worth Investing in SKYX Platforms Corp (NASDAQ: SKYX) Right Now?
Company’s 36-month beta value is 2.89.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SKYX is 59.64M, and currently, short sellers hold a 5.07% ratio of that floaft. The average trading volume of SKYX on September 02, 2024 was 396.37K shares.
SKYX’s Market Performance
SKYX’s stock has seen a -7.17% decrease for the week, with a -13.35% drop in the past month and a -5.74% fall in the past quarter. The volatility ratio for the week is 7.13%, and the volatility levels for the past 30 days are at 7.91% for SKYX Platforms Corp The simple moving average for the past 20 days is -10.62% for SKYX’s stock, with a -30.24% 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 -13.01% 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 -56.01% of loss for the given period.
Volatility was left at 7.91%, however, over the last 30 days, the volatility rate increased by 7.13%, as shares sank -14.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.72% lower at present.
During the last 5 trading sessions, SKYX fell by -7.17%, which changed the moving average for the period of 200-days by -35.02% in comparison to the 20-day moving average, which settled at $0.9526. In addition, SKYX Platforms Corp saw -46.39% 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:
- -0.4 for the present operating margin
- 0.26 for the gross margin
The net margin for SKYX Platforms Corp stands at -0.44. The total capital return value is set at -0.81. Equity return is now at value -240.54, with -49.01 for asset returns.
Based on SKYX Platforms Corp (SKYX), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.75. The debt to equity ratio resting at 2.35. The interest coverage ratio of the stock is -10.5.
Currently, EBITDA for the company is -34.25 million with net debt to EBITDA at -1.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 27.88for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In a nutshell, SKYX Platforms Corp (SKYX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
