The stock price of SKYX Platforms Corp (NASDAQ: SKYX) has jumped by 17.50 compared to previous close of 1.20. Despite this, the company has seen a gain of 17.50% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-19 that Skyx Platforms offers innovative smart home solutions, including patented plug-and-play technology, aiming to become a standard in safe electrical installations. The company partners with major retailers and manufacturers like Home Depot and GE, enhancing market reach and adoption of its technology. Financials show revenue growth and improved margins, with management expecting positive cash flow next year, aided by strategic partnerships and licensing deals.
Is It Worth Investing in SKYX Platforms Corp (NASDAQ: SKYX) Right Now?
Moreover, the 36-month beta value for SKYX is 2.84. Analysts have varying opinions on the stock, with 5 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 60.19M and currently, short sellers hold a 4.89% of that float. On October 28, 2024, SKYX’s average trading volume was 338.68K shares.
SKYX’s Market Performance
The stock of SKYX Platforms Corp (SKYX) has seen a 17.50% increase in the past week, with a 65.88% rise in the past month, and a 15.57% gain in the past quarter. The volatility ratio for the week is 11.46%, and the volatility levels for the past 30 days are at 12.77% for SKYX. The simple moving average for the past 20 days is 23.34% for SKYX’s stock, with a 28.46% simple moving average for the past 200 days.
Analysts’ Opinion of SKYX
Many brokerage firms have already submitted their reports for SKYX stocks, with ROTH MKM repeating the rating for SKYX by listing it as a “Buy.” The predicted price for SKYX in the upcoming period, according to ROTH MKM is $2 based on the research report published on September 10, 2024 of the current year 2024.
Noble Capital Markets, on the other hand, stated in their research note that they expect to see SKYX reach a price target of $5. The rating they have provided for SKYX stocks is “Outperform” according to the report published on April 29th, 2024.
The Benchmark Company gave a rating of “Buy” to SKYX, setting the target price at $15 in the report published on July 28th of the previous year.
SKYX Trading at 42.31% 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 -27.69% of loss for the given period.
Volatility was left at 12.77%, however, over the last 30 days, the volatility rate increased by 11.46%, as shares surge +63.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.00% upper at present.
During the last 5 trading sessions, SKYX rose by +17.50%, which changed the moving average for the period of 200-days by -15.06% in comparison to the 20-day moving average, which settled at $1.1432. In addition, SKYX Platforms Corp saw -11.88% 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 -36.81 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 2.07. 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
To wrap up, the performance of SKYX Platforms Corp (SKYX) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
