SKYX Platforms (NASDAQ:SKYX) and SmartRent (NYSE:SMRT) Head-To-Head Review

SKYX Platforms (NASDAQ:SKYX) and SmartRent (NYSE:SMRT) are both small-cap business services companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, earnings, risk, dividends, profitability and analyst recommendations.

Institutional and Insider Ownership

11.8% of SKYX Platforms shares are held by institutional investors. Comparatively, 59.4% of SmartRent shares are held by institutional investors. 30.0% of SKYX Platforms shares are held by insiders. Comparatively, 2.3% of SmartRent shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a summary of current ratings for SKYX Platforms and SmartRent, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SKYX Platforms	1	1	3	0	2.40
SmartRent	1	2	0	0	1.67

SKYX Platforms currently has a consensus target price of $5.00, suggesting a potential upside of 390.20%. SmartRent has a consensus target price of $1.45, suggesting a potential upside of 6.23%. Given SKYX Platforms’ stronger consensus rating and higher possible upside, equities analysts clearly believe SKYX Platforms is more favorable than SmartRent.

Profitability

This table compares SKYX Platforms and SmartRent’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SKYX Platforms	-36.32%	N/A	-54.84%
SmartRent	-39.76%	-12.81%	-8.90%

Volatility and Risk

SKYX Platforms has a beta of -3706.21, meaning that its share price is 370,721% less volatile than the S&P 500. Comparatively, SmartRent has a beta of 1.76, meaning that its share price is 76% more volatile than the S&P 500.

Valuation & Earnings

This table compares SKYX Platforms and SmartRent”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SKYX Platforms	$92.01 million	1.48	-$33.42 million	($0.31)	-3.29
SmartRent	$152.33 million	1.72	-$60.56 million	($0.32)	-4.27

SKYX Platforms has higher earnings, but lower revenue than SmartRent. SmartRent is trading at a lower price-to-earnings ratio than SKYX Platforms, indicating that it is currently the more affordable of the two stocks.

Summary

SKYX Platforms beats SmartRent on 9 of the 14 factors compared between the two stocks.

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. 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.

About SmartRent

SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Scottsdale, Arizona.