SKYX Platforms Corp (NASDAQ: SKYX) on Monday, plunged -6.67% from the previous trading day, before settling in for the closing price of $1.65. Within the past 52 weeks, SKYX’s price has moved between $0.72 and $1.90.
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A company in the Industrials sector has jumped its sales by 45819.26% annually for the last half of the decade. The company achieved an average annual earnings per share of 25.00%. With a float of $64.25 million, this company’s outstanding shares have now reached $102.39 million.
In an organization with 60 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of SKYX Platforms Corp is 37.32%, while institutional ownership is 7.53%.
SKYX Platforms Corp (SKYX) Latest Financial update
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 25.00% 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 1.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of SKYX Platforms Corp (SKYX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.41 million. That was inferior than the volume of 0.68 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.61%. Additionally, its Average True Range was 0.15.
During the past 100 days, SKYX Platforms Corp’s (SKYX) raw stochastic average was set at 67.21%, which indicates a significant increase from 50.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 124.48% in the past 14 days, which was higher than the 97.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2321, while its 200-day Moving Average is $1.0639. However, in the short run, SKYX Platforms Corp’s stock first resistance to watch stands at $1.6067. Second resistance stands at $1.6733. The third major resistance level sits at $1.7467. If the price goes on to break the first support level at $1.4667, it is likely to go to the next support level at $1.3933. The third support level lies at $1.3267 if the price breaches the second support level.
SKYX Platforms Corp (NASDAQ: SKYX) Key Stats
Market capitalization of the company is 157.85 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.
