SKYX Platforms (NASDAQ:SKYX) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

SKYX Platforms (NASDAQ:SKYX) announced its quarterly earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03), Zacks reports. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%.

SKYX Platforms Stock Up 4.7 %

Shares of NASDAQ:SKYX traded up $0.06 during trading on Monday, reaching $1.35. 738,027 shares of the stock traded hands, compared to its average volume of 411,524. SKYX Platforms has a 52-week low of $0.72 and a 52-week high of $2.14. The stock has a market cap of $138.38 million, a P/E ratio of -3.38 and a beta of -3,008.78. The stock has a 50-day moving average of $1.54 and a two-hundred day moving average of $1.25. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62.

SKYX Platforms Company Profile

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products.