SKYX Platforms Corp (NASDAQ:SKYX) price on Wednesday, May 21, fall -1.36% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.45.
A look at the stock’s price movement, the close in the last trading session was $1.47, moving within a range at $1.435 and $1.5798. Turning to its 52-week performance, $2.13 and $0.75 were the 52-week high and 52-week low respectively. Overall, SKYX moved 34.26% over the past month.
SKYX Platforms Corp’s market cap currently stands at around $153.42 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-13.
Analysts have a consensus estimate of 22.95M for the company’s revenue for the quarter, with a low and high estimate of 21.5M and 23.6M respectively. The average forecast suggests up to a 7.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 99.58M, representing a 15.42% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SKYX is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SKYX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SKYX’s current price about 10.29% and 21.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.70, while 7-day volatility ratio is 9.22% and 9.63% in the 30-day chart. Further, SKYX Platforms Corp (SKYX) has a beta value of 2.52, and an average true range (ATR) of 0.12.
If we refocus on SKYX Platforms Corp (NASDAQ:SKYX), historical trading data shows that trading volumes averaged 0.6 over the past 10 days and 403.69K over the past 3 months. The company’s latest data on shares outstanding shows there are 104.95 million shares.
The 37.63% of SKYX Platforms Corp’s shares are in the hands of company insiders while institutional holders own 9.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.63 million on 2025-04-30, giving us a short ratio of 10.24. The data shows that as of 2025-04-30 short interest in SKYX Platforms Corp (SKYX) stood at 466.0 of shares outstanding, with shares short rising to 3.22 million registered in 2025-03-31. Current price change has pushed the stock 25.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SKYX stock continues to rise going into the next quarter.
