SKYX Platforms (NASDAQ:SKYX) Raised to Strong-Buy at Roth Capital

SKYX Platforms (NASDAQ:SKYX) was upgraded by Roth Capital to a “strong-buy” rating in a report issued on Friday,Zacks.com reports. Roth Capital also issued estimates for SKYX Platforms’ Q1 2026 earnings at ($0.06) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.03) EPS and Q4 2026 earnings at ($0.02) EPS.

Several other brokerages also recently commented on SKYX. Wall Street Zen downgraded shares of SKYX Platforms from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Zacks Research upgraded shares of SKYX Platforms to a “hold” rating in a research report on Monday, September 15th. Litchfield Hills Research started coverage on shares of SKYX Platforms in a research report on Friday. They set a “buy” rating and a $5.00 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SKYX Platforms in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.00.

SKYX Platforms Trading Up 5.4%

Shares of SKYX stock opened at $1.37 on Friday. The stock has a market cap of $154.19 million, a P/E ratio of -3.81 and a beta of -3,723.67. The stock has a 50 day simple moving average of $1.20 and a 200 day simple moving average of $1.17. SKYX Platforms has a 1 year low of $0.88 and a 1 year high of $2.14.

SKYX Platforms (NASDAQ:SKYX) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). SKYX Platforms had a negative net margin of 41.24% and a negative return on equity of 3,407.81%. The business had revenue of $23.10 million during the quarter, compared to the consensus estimate of $22.95 million. Analysts forecast that SKYX Platforms will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in shares of SKYX Platforms during the second quarter worth $32,000. Invesco Ltd. acquired a new position in shares of SKYX Platforms during the second quarter worth $34,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of SKYX Platforms during the second quarter worth $35,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SKYX Platforms by 100.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,892 shares of the company’s stock worth $36,000 after buying an additional 15,946 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of SKYX Platforms by 33.9% during the first quarter. Private Advisor Group LLC now owns 39,500 shares of the company’s stock worth $45,000 after buying an additional 10,000 shares in the last quarter. 11.79% of the stock is currently owned by institutional investors and hedge funds.

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.