Litchfield Hills Research Estimates SKYX Platforms FY2030 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Analysts at Litchfield Hills Research issued their FY2030 earnings per share estimates for SKYX Platforms in a research report issued on Tuesday, March 31st. Litchfield Hills Research analyst B. Sine expects that the company will post earnings of $0.19 per share for the year. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share.

A number of other equities research analysts have also issued reports on SKYX. Lake Street Capital assumed coverage on shares of SKYX Platforms in a report on Thursday, March 5th. They set a “buy” rating and a $5.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of SKYX Platforms in a report on Thursday, January 22nd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $5.00 target price (up from $4.25) on shares of SKYX Platforms in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SKYX Platforms presently has an average rating of “Hold” and a consensus price target of $5.00.

SKYX Platforms Stock Performance

Shares of SKYX opened at $1.15 on Thursday. The business’s 50 day moving average is $1.97 and its 200 day moving average is $1.87. SKYX Platforms has a 12-month low of $0.88 and a 12-month high of $3.29. The company has a market capitalization of $153.27 million, a PE ratio of -3.71 and a beta of -3,706.21.

SKYX Platforms (NASDAQ:SKYX) last released its quarterly earnings data on Thursday, March 26th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.12 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SKYX. Geode Capital Management LLC grew its holdings in shares of SKYX Platforms by 96.9% in the second quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company’s stock valued at $1,527,000 after purchasing an additional 718,712 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in SKYX Platforms during the fourth quarter valued at $881,000. Renaissance Technologies LLC lifted its position in SKYX Platforms by 741.7% during the fourth quarter. Renaissance Technologies LLC now owns 355,213 shares of the company’s stock valued at $771,000 after purchasing an additional 313,013 shares during the last quarter. Corient Private Wealth LLC lifted its position 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 purchasing an additional 277,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of SKYX Platforms by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,326,427 shares of the company’s stock worth $3,726,000 after buying an additional 235,625 shares in the last quarter. 11.79% of the stock is currently owned by institutional investors.

About SKYX Platforms

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.