Renaissance Technologies LLC Acquires New Stake in SKYX Platforms Corp. (NASDAQ:SKYX)

Renaissance Technologies LLC bought a new position in SKYX Platforms Corp. (NASDAQ:SKYX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 70,850 shares of the company’s stock, valued at approximately $82,000. Renaissance Technologies LLC owned 0.07% of SKYX Platforms as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in SKYX Platforms in the 3rd quarter valued at about $27,000. SlateStone Wealth LLC grew its position in SKYX Platforms by 169.8% during the fourth quarter. SlateStone Wealth LLC now owns 28,600 shares of the company’s stock valued at $33,000 after acquiring an additional 18,000 shares during the period. Certuity LLC grew its position in SKYX Platforms by 60.6% during the fourth quarter. Certuity LLC now owns 28,259 shares of the company’s stock valued at $33,000 after acquiring an additional 10,659 shares during the period. Prudential Financial Inc. purchased a new position in shares of SKYX Platforms in the 4th quarter worth about $36,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of SKYX Platforms in the 4th quarter worth about $42,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

SKYX Platforms Stock Down 0.4 %

SKYX opened at $1.26 on Thursday. The company has a market cap of $131.11 million, a PE ratio of -3.14 and a beta of -3,541.23. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62. SKYX Platforms Corp. has a 1 year low of $0.75 and a 1 year high of $2.14. The firm has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.28.

SKYX Platforms (NASDAQ:SKYX) last posted its earnings results on Monday, March 24th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The firm had revenue of $23.70 million for the quarter, compared to analyst estimates of $22.93 million. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%. Sell-side analysts expect that SKYX Platforms Corp. will post -0.34 earnings per share for the current year.

SKYX Platforms 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.