SKYX Platforms (NASDAQ:SKYX – Get Free Report)‘s stock had its “buy” rating reaffirmed by Benchmark in a report released on Wednesday, Benzinga reports. They currently have a $5.00 price target on the stock. Benchmark’s price objective suggests a potential upside of 362.96% from the company’s current price.
Separately, Noble Financial began coverage on shares of SKYX Platforms in a research note on Monday, April 29th. They set an “outperform” rating and a $5.00 price target for the company.
Read Our Latest Report on SKYX
SKYX Platforms Stock Performance
SKYX Platforms (NASDAQ:SKYX – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.10) EPS for the quarter. SKYX Platforms had a negative net margin of 53.31% and a negative return on equity of 251.77%. The company had revenue of $18.98 million for the quarter, compared to the consensus estimate of $20.00 million. On average, equities research analysts expect that SKYX Platforms will post -0.4 EPS for the current fiscal year.
Institutional Trading of SKYX Platforms
Several institutional investors and hedge funds have recently modified their holdings of SKYX. Newbridge Financial Services Group Inc. raised its stake in SKYX Platforms by 37.4% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 32,788 shares of the company’s stock worth $52,000 after buying an additional 8,928 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its position in shares of SKYX Platforms by 53.8% during the second quarter. Matrix Asset Advisors Inc. NY now owns 100,000 shares of the company’s stock worth $95,000 after purchasing an additional 35,000 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of SKYX Platforms during the fourth quarter worth $85,000. Choreo LLC increased its position in shares of SKYX Platforms by 485.2% during the first quarter. Choreo LLC now owns 234,066 shares of the company’s stock worth $307,000 after purchasing an additional 194,066 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in SKYX Platforms by 11.4% in the first quarter. Vanguard Group Inc. now owns 2,679,872 shares of the company’s stock valued at $3,511,000 after purchasing an additional 273,672 shares during the last quarter. Institutional investors own 11.79% of the company’s stock.
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.
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