The stock of SKYX Platforms Corp (SKYX) has seen a 12.50% increase in the past week, with a 60.71% gain in the past month, and a 41.73% flourish in the past quarter. The volatility ratio for the week is 10.56%, and the volatility levels for the past 30 days are at 11.94% for SKYX. The simple moving average for the past 20 days is 19.05% for SKYX’s stock, with a 68.53% simple moving average for the past 200 days.
Is It Worth Investing in SKYX Platforms Corp (NASDAQ: SKYX) Right Now?
Additionally, the 36-month beta value for SKYX is 2.54. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SKYX is 64.25M and currently, short sellers hold a 5.02% ratio of that float. The average trading volume of SKYX on February 05, 2025 was 482.01K shares.
SKYX) stock’s latest price update
SKYX Platforms Corp (NASDAQ: SKYX) has experienced a rise in its stock price by 16.88 compared to its previous closing price of 1.54. However, the company has seen a gain of 12.50% in its stock price over the last five trading days. globenewswire.com reported 2025-02-04 that MIAMI, Feb. 04, 2025 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a “SKYX Technologies”), a highly disruptive smart platform technology company with over 97 issued and pending patents in the U.S. and globally, and over 60 lighting and home décor websites with a mission to make homes and buildings become smart, safe, and advanced as the new standard will participate in the inaugural LD Micro Summit, taking place on February 4, 2025, at the Lago Mar Beach Resort & Club in Fort Lauderdale, Florida. SKYX Platforms Corp. is scheduled to present on February 4, 2025, at 3:20 PM ET.
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 previous 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 44.22% 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 -5.26% of loss for the given period.
Volatility was left at 11.94%, however, over the last 30 days, the volatility rate increased by 10.56%, as shares surge +45.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +80.34% upper at present.
During the last 5 trading sessions, SKYX rose by +12.50%, which changed the moving average for the period of 200-days by +85.57% in comparison to the 20-day moving average, which settled at $1.5120. In addition, SKYX Platforms Corp saw 55.17% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SKYX
Current profitability levels for the company are sitting at:
- -0.41 for the present operating margin
- 0.28 for the gross margin
The net margin for SKYX Platforms Corp stands at -0.45. The total capital return value is set at -1.01. Equity return is now at value -364.58, with -53.14 for asset returns.
Based on SKYX Platforms Corp (SKYX), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 10.25. The interest coverage ratio of the stock is -9.76.
Currently, EBITDA for the company is -36.81 million with net debt to EBITDA at -0.96. When we switch over and look at the enterprise to sales, we see a ratio of 2.52. The receivables turnover for the company is 28.97for trailing twelve months and the total asset turnover is 1.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
In conclusion, SKYX Platforms Corp (SKYX) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
