SKYX Platforms Corp (NASDAQ: SKYX) is 25.00% higher on its value in year-to-date trading and has touched a low of $0.75 and a high of $2.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SKYX stock was last observed hovering at around $1.47 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.45, the stock is 10.29% and 21.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing -1.36% at the moment leaves the stock 20.23% off its SMA200. SKYX registered 43.56% gain for a year compared to 6-month loss of 33.03%. The firm has a 50-day simple moving average (SMA 50) of $1.19596 and a 200-day simple moving average (SMA200) of $1.20601.
The stock witnessed a 34.26% gain in the last 1 month and extending the period to 3 months gives it a -21.20%, and is 7.41% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.22% over the week and 9.63% over the month.
SKYX Platforms Corp (SKYX) has around 78 employees, a market worth around $153.42M and $87.41M in sales. Profit margin for the company is -40.70%. Distance from 52-week low is 93.85% and -32.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-106.37%).
The EPS is expected to grow by 20.14% this year
68.0 institutions hold shares in SKYX Platforms Corp (SKYX), with institutional investors hold 16.97% of the company’s shares. The shares outstanding are 104.95M, and float is at 65.99M with Short Float at 5.50%. Institutions hold 9.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.26 million shares valued at $2.14 million. The investor’s holdings represent 2.2686 of the SKYX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.36 million shares valued at $1.29 million to account for 1.3636 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 0.8 million shares representing 0.8062 and valued at over $0.76 million, while GOLDMAN SACHS GROUP INC holds 0.7256 of the shares totaling 0.72 million with a market value of $0.69 million.
