SKYX Platforms Corp (NASDAQ: SKYX) on Tuesday, plunged -6.72% from the previous trading day, before settling in for the closing price of $1.07. Within the past 52 weeks, SKYX’s price has moved between $0.72 and $1.87.
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During the last 5-year period, the sales growth of Industrials Sector giant was 45819.26%. The company achieved an average annual earnings per share of 27.56%. With a float of $60.73 million, this company’s outstanding shares have now reached $93.47 million.
Let’s determine the extent of company efficiency that accounts for 60 employees. In terms of profitability, gross margin is 27.87%, operating margin of -40.75%, and the pretax margin is -44.92%.
SKYX Platforms Corp (SKYX) Insider Activity
Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of SKYX Platforms Corp is 40.75%, while institutional ownership is 6.66%.
SKYX Platforms Corp (SKYX) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.13 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.08) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.56% per share during the next fiscal year.
SKYX Platforms Corp (NASDAQ: SKYX) Trading Performance Indicators
SKYX Platforms Corp (SKYX) is currently performing well based on its current performance indicators. A quick ratio of 0.46 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.19 in one year’s time.
Technical Analysis of SKYX Platforms Corp (SKYX)
Looking closely at SKYX Platforms Corp (NASDAQ: SKYX), its last 5-days average volume was 0.44 million, which is a jump from its year-to-date volume of 0.34 million. As of the previous 9 days, the stock’s Stochastic %D was 6.18%. Additionally, its Average True Range was 0.11.
During the past 100 days, SKYX Platforms Corp’s (SKYX) raw stochastic average was set at 33.26%, which indicates a significant increase from 5.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.96% in the past 14 days, which was lower than the 93.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1092, while its 200-day Moving Average is $1.0724. However, in the short run, SKYX Platforms Corp’s stock first resistance to watch stands at $1.0677. Second resistance stands at $1.1373. The third major resistance level sits at $1.1846. If the price goes on to break the first support level at $0.9508, it is likely to go to the next support level at $0.9035. Should the price break the second support level, the third support level stands at $0.8339.
SKYX Platforms Corp (NASDAQ: SKYX) Key Stats
Market capitalization of the company is 102.31 million based on 102,502K outstanding shares. Right now, sales total 58,790 K and income totals -39,730 K. The company made 22,170 K in profit during its latest quarter, and -8,620 K in sales during its previous quarter.
