Noble Financial Estimates SKYX Platforms Q1 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Analysts at Noble Financial issued their Q1 2025 earnings estimates for SKYX Platforms in a report released on Tuesday, March 25th. Noble Financial analyst P. Mccann anticipates that the company will earn ($0.10) per share for the quarter. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share. Noble Financial also issued estimates for SKYX Platforms’ Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.07) EPS, FY2025 earnings at ($0.29) EPS and FY2026 earnings at ($0.17) EPS.

SKYX Platforms Stock Down 5.6 %

SKYX Platforms stock opened at $1.19 on Thursday. The business’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.26. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 2.22. The firm has a market cap of $121.98 million, a price-to-earnings ratio of -2.98 and a beta of -3,008.78. SKYX Platforms has a 52 week low of $0.72 and a 52 week high of $2.14.

SKYX Platforms (NASDAQ:SKYX) last announced its quarterly earnings results on Monday, March 24th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $23.70 million for the quarter, compared to analyst estimates of $22.93 million. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%.

Institutional Investors Weigh In On SKYX Platforms

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in SKYX Platforms by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 712,391 shares of the company’s stock worth $827,000 after buying an additional 7,461 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of SKYX Platforms by 16.8% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 52,340 shares of the company’s stock valued at $61,000 after acquiring an additional 7,519 shares during the period. Certuity LLC increased its stake in shares of SKYX Platforms by 60.6% in the 4th quarter. Certuity LLC now owns 28,259 shares of the company’s stock valued at $33,000 after purchasing an additional 10,659 shares in the last quarter. SlateStone Wealth LLC raised its holdings in SKYX Platforms by 169.8% in the 4th quarter. SlateStone Wealth LLC now owns 28,600 shares of the company’s stock worth $33,000 after purchasing an additional 18,000 shares during the period. Finally, Millennium Management LLC grew its holdings in SKYX Platforms by 3.0% in the fourth quarter. Millennium Management LLC now owns 833,231 shares of the company’s stock valued at $967,000 after purchasing an additional 23,901 shares during the period. Institutional investors and hedge funds 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.