SKYX Platforms Corp. (NASDAQ:SKYX – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 3,150,000 shares, a decrease of 36.4% from the June 30th total of 4,950,000 shares. Based on an average daily volume of 374,600 shares, the short-interest ratio is presently 8.4 days. Approximately 5.4% of the company’s shares are short sold.
SKYX Platforms Price Performance
NASDAQ:SKYX remained flat at $1.10 on Friday. 372,423 shares of the company’s stock were exchanged, compared to its average volume of 699,501. The company has a quick ratio of 0.89, a current ratio of 1.05 and a debt-to-equity ratio of 0.84. The stock has a market cap of $110.19 million, a price-to-earnings ratio of -2.39 and a beta of -2,811.42. The business has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $1.15. SKYX Platforms has a one year low of $0.72 and a one year high of $2.24.
SKYX Platforms (NASDAQ:SKYX – Get Free Report) last released its earnings results on Tuesday, May 14th. The company reported ($0.10) earnings per share for the quarter. SKYX Platforms had a negative return on equity of 251.77% and a negative net margin of 53.31%. The firm had revenue of $18.98 million for the quarter, compared to analysts’ expectations of $20.00 million. As a group, equities analysts anticipate that SKYX Platforms will post -0.4 earnings per share for the current year.
Institutional Trading of SKYX Platforms
Wall Street Analysts Forecast Growth
Separately, Noble Financial assumed coverage on shares of SKYX Platforms in a research note on Monday, April 29th. They set an “outperform” rating and a $5.00 price target on the stock.
Read Our Latest Report on SKYX Platforms
SKYX Platforms Company Profile
SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products.
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