SKYX Platforms FY2025 EPS Estimate Lowered by Roth Capital

SKYX Platforms Corp. (NASDAQ:SKYX) – Roth Capital cut their FY2025 earnings per share (EPS) estimates for shares of SKYX Platforms in a report issued on Wednesday, August 13th. Roth Capital analyst G. Sweeney now expects that the company will post earnings per share of ($0.27) for the year, down from their previous estimate of ($0.25). The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share.

Separately, Wall Street Zen cut SKYX Platforms from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd.

SKYX Platforms Price Performance

NASDAQ SKYX opened at $1.11 on Monday. The business’s fifty day moving average price is $1.12 and its 200-day moving average price is $1.26. The stock has a market capitalization of $123.71 million, a price-to-earnings ratio of -3.08 and a beta of -3,533.92. SKYX Platforms has a 1-year low of $0.80 and a 1-year high of $2.14.

SKYX Platforms (NASDAQ:SKYX) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $23.10 million for the quarter, compared to analysts’ expectations of $22.95 million. SKYX Platforms had a negative return on equity of 3,407.81% and a negative net margin of 41.24%.

Hedge Funds Weigh In On SKYX Platforms

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in SKYX Platforms by 96.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company’s stock worth $1,527,000 after purchasing an additional 718,712 shares during the period. Millennium Management LLC raised its holdings in SKYX Platforms by 3.0% in the 4th quarter. Millennium Management LLC now owns 833,231 shares of the company’s stock worth $967,000 after purchasing an additional 23,901 shares during the period. Clear Harbor Asset Management LLC raised its holdings in SKYX Platforms by 30.0% during the second quarter. Clear Harbor Asset Management LLC now owns 513,575 shares of the company’s stock valued at $537,000 after acquiring an additional 118,375 shares during the period. Corient Private Wealth LLC raised its holdings in SKYX Platforms by 163.0% during the second quarter. Corient Private Wealth LLC now owns 446,981 shares of the company’s stock valued at $467,000 after acquiring an additional 277,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in SKYX Platforms by 685.0% during the first quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company’s stock valued at $302,000 after acquiring an additional 231,000 shares during the period. 11.79% of the stock is owned by institutional investors.

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.