Contrasting SKYX Platforms (SKYX) & Its Peers

SKYX Platforms (NASDAQ:SKYX) is one of 260 publicly-traded companies in the “Technology Services” industry, but how does it compare to its competitors? We will compare SKYX Platforms to related businesses based on the strength of its risk, earnings, dividends, analyst recommendations, institutional ownership, valuation and profitability.

Institutional & Insider Ownership

11.8% of SKYX Platforms shares are owned by institutional investors. Comparatively, 37.7% of shares of all “Technology Services” companies are owned by institutional investors. 30.0% of SKYX Platforms shares are owned by insiders. Comparatively, 20.9% of shares of all “Technology Services” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent ratings and price targets for SKYX Platforms and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SKYX Platforms	0	0	2	1	3.33
SKYX Platforms Competitors	453	2086	4611	227	2.63

SKYX Platforms presently has a consensus target price of $3.50, suggesting a potential upside of 228.64%. As a group, “Technology Services” companies have a potential upside of 22.59%. Given SKYX Platforms’ stronger consensus rating and higher possible upside, analysts plainly believe SKYX Platforms is more favorable than its competitors.

Volatility & Risk

SKYX Platforms has a beta of -3532.14, indicating that its stock price is 353,314% less volatile than the S&P 500. Comparatively, SKYX Platforms’ competitors have a beta of -13.69, indicating that their average stock price is 1,469% less volatile than the S&P 500.

Profitability

This table compares SKYX Platforms and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SKYX Platforms	-40.45%	-3,407.81%	-53.73%
SKYX Platforms Competitors	-268.96%	-105.34%	-20.56%

Valuation & Earnings

This table compares SKYX Platforms and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
SKYX Platforms	$86.28 million	-$35.77 million	-2.96
SKYX Platforms Competitors	$1.20 billion	$32.01 million	-16.41

SKYX Platforms’ competitors have higher revenue and earnings than SKYX Platforms. SKYX Platforms is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Summary

SKYX Platforms beats its competitors on 7 of the 13 factors compared.

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. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.