SKYX Platforms Corp. (NASDAQ:SKYX) Receives Consensus Rating of “Hold” from Brokerages

Shares of SKYX Platforms Corp. (NASDAQ:SKYX) have received an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.00.

Several brokerages have recently weighed in on SKYX. Weiss Ratings restated a “sell (e+)” rating on shares of SKYX Platforms in a report on Thursday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $5.00 target price (up from $4.25) on shares of SKYX Platforms in a report on Thursday, January 22nd. Finally, Lake Street Capital initiated coverage on shares of SKYX Platforms in a research report on Thursday, March 5th. They issued a “buy” rating and a $5.00 price target on the stock.

Key SKYX Platforms News

Here are the key news stories impacting SKYX Platforms this week:

• Positive Sentiment: Company reported record revenue trends — Q4 revenue ~ $25M and eight consecutive quarters of year‑over‑year growth; FY‑2025 revenue reported at $92M (up from $86M), and gross profit improved. GlobeNewswire: Record Quarter
• Positive Sentiment: Commercial momentum and product expansion: launches (SKYFAN, Turbo Heater), retail placement (major U.S. retailers named), a partnership with NVIDIA’s AI Ecosystem Connect, and company claims it expects to deploy >1M smart‑home units across U.S. and global projects in 2026 — potential revenue and recurring services upside if deployments materialize. MSN: Deployment Plans
• Neutral Sentiment: Management commentary and full Q4 earnings call transcript are available for details on guidance, margin drivers and the path to cash‑flow positive; investors should review the call for near‑term bookings and timing of large project rollouts. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Q4 results missed near‑term estimates: EPS ~ -$0.08 vs consensus ~ -$0.06 and revenue slightly below estimates (~$24.9M vs ~$25M+ expected). Operating loss and net loss widened; cash from operations remains negative. These misses and cash depletion are key reasons for the stock weakness. Zacks: Q4 Loss, Misses Estimates
• Negative Sentiment: Balance‑sheet & cash concerns: cash and equivalents declined materially year‑over‑year (~$8M reported), operating cash used remains negative; these raise near‑term financing and runway questions despite recent capital raises. QuiverQuant: Stock Falls on Earnings

Institutional Trading of SKYX Platforms

A number of hedge funds and other institutional investors have recently made changes to their positions in SKYX. Intech Investment Management LLC bought a new stake in SKYX Platforms during the second quarter worth approximately $32,000. Invesco Ltd. acquired a new stake in shares of SKYX Platforms during the 2nd quarter valued at $34,000. Vise Technologies Inc. bought a new stake in shares of SKYX Platforms during the 4th quarter worth $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of SKYX Platforms in the 2nd quarter worth $35,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of SKYX Platforms by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock worth $45,000 after acquiring an additional 9,647 shares during the last quarter. 11.79% of the stock is currently owned by institutional investors.

SKYX Platforms Stock Performance

Shares of NASDAQ:SKYX opened at $1.20 on Monday. The company has a 50 day moving average of $2.09 and a 200-day moving average of $1.89. The firm has a market cap of $159.27 million, a P/E ratio of -3.85 and a beta of -3,937.89. SKYX Platforms has a twelve month low of $0.88 and a twelve month high of $3.29.

SKYX Platforms (NASDAQ:SKYX) last announced its earnings results on Thursday, March 26th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.12 million. Equities research analysts forecast that SKYX Platforms will post -0.34 EPS for the current year.

SKYX Platforms Company Profile

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.