53,072 Shares in SKYX Platforms Corp. (NASDAQ:SKYX) Acquired by Jane Street Group LLC

Jane Street Group LLC bought a new stake in SKYX Platforms Corp. (NASDAQ:SKYX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 53,072 shares of the company’s stock, valued at approximately $62,000. Jane Street Group LLC owned approximately 0.05% of SKYX Platforms as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of SKYX Platforms by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 712,391 shares of the company’s stock valued at $827,000 after buying an additional 7,461 shares during the period. Northern Trust Corp lifted its holdings in SKYX Platforms by 66.3% during the fourth quarter. Northern Trust Corp now owns 201,276 shares of the company’s stock worth $233,000 after acquiring an additional 80,245 shares in the last quarter. Renaissance Technologies LLC acquired a new position in SKYX Platforms in the fourth quarter valued at about $82,000. Newbridge Financial Services Group Inc. acquired a new position in SKYX Platforms in the fourth quarter valued at about $42,000. Finally, Prudential Financial Inc. bought a new stake in shares of SKYX Platforms in the fourth quarter worth about $36,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

SKYX Platforms Stock Down 0.8%

Shares of SKYX stock opened at $1.25 on Monday. SKYX Platforms Corp. has a 12-month low of $0.75 and a 12-month high of $2.14. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 2.22. The firm has a fifty day moving average of $1.20 and a 200-day moving average of $1.30. The company has a market capitalization of $132.26 million, a price-to-earnings ratio of -3.13 and a beta of -3,526.78.

SKYX Platforms (NASDAQ:SKYX) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $20.25 million. SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%. As a group, equities research analysts predict that SKYX Platforms Corp. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut SKYX Platforms from a “hold” rating to a “sell” rating in a report on Friday, May 30th.

About SKYX Platforms

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.