Northern Trust Corp Raises Holdings in SKYX Platforms Corp. (NASDAQ:SKYX)

Northern Trust Corp increased its stake in shares of SKYX Platforms Corp. (NASDAQ:SKYX) by 66.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,276 shares of the company’s stock after acquiring an additional 80,245 shares during the quarter. Northern Trust Corp owned approximately 0.20% of SKYX Platforms worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SKYX. Renaissance Technologies LLC bought a new position in shares of SKYX Platforms in the fourth quarter worth approximately $82,000. Newbridge Financial Services Group Inc. purchased a new stake in SKYX Platforms during the 4th quarter valued at $42,000. Prudential Financial Inc. bought a new stake in SKYX Platforms in the 4th quarter worth $36,000. Barclays PLC increased its position in shares of SKYX Platforms by 3,081,100.0% in the fourth quarter. Barclays PLC now owns 30,812 shares of the company’s stock valued at $36,000 after acquiring an additional 30,811 shares during the period. Finally, SlateStone Wealth LLC increased its position in shares of SKYX Platforms by 169.8% in 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. 11.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut SKYX Platforms from a “hold” rating to a “sell” rating in a research note on Friday.

SKYX Platforms Price Performance

Shares of SKYX Platforms stock opened at $1.27 on Tuesday. The business has a 50 day moving average of $1.19 and a 200 day moving average of $1.29. SKYX Platforms Corp. has a 52 week low of $0.75 and a 52 week high of $2.14. The company has a market cap of $134.37 million, a PE ratio of -3.18 and a beta of -3,541.23. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 2.22.

SKYX Platforms (NASDAQ:SKYX) last announced its earnings results on Wednesday, May 14th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $20.25 million. As a group, equities research analysts forecast 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.