SKYX Platforms (NASDAQ:SKYX) Issues Earnings Results

SKYX Platforms (NASDAQ:SKYX) announced its quarterly earnings data on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03, Yahoo Finance reports. The firm had revenue of $21.45 million for the quarter, compared to analysts’ expectations of $22.00 million. SKYX Platforms had a negative net margin of 53.31% and a negative return on equity of 251.77%. During the same period last year, the firm earned ($0.15) earnings per share.

SKYX Platforms Price Performance

Shares of SKYX remained flat at $1.02 during mid-day trading on Wednesday. 10,075 shares of the stock traded hands, compared to its average volume of 331,022. The stock has a 50 day moving average of $0.98 and a 200-day moving average of $1.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.05. The firm has a market capitalization of $102.17 million, a P/E ratio of -2.22 and a beta of -2,809.07. SKYX Platforms has a one year low of $0.72 and a one year high of $2.08.

Wall Street Analyst Weigh In

SKYX has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of SKYX Platforms in a research report on Tuesday. Noble Financial assumed coverage on SKYX Platforms in a research report on Monday, April 29th. They set an “outperform” rating and a $5.00 price target on the stock.

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.