Noble Financial Weighs in on SKYX Platforms Q1 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Stock analysts at Noble Financial issued their Q1 2025 earnings per share estimates for shares of SKYX Platforms in a research note issued on Tuesday, March 25th. Noble Financial analyst P. Mccann forecasts that the company will post earnings of ($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 (NASDAQ:SKYX) last released its 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 firm had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $22.93 million. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%.

SKYX Platforms Stock Performance

NASDAQ SKYX opened at $1.26 on Thursday. The firm’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.26. 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 has a twelve month low of $0.72 and a twelve month high of $2.14. The stock has a market cap of $129.15 million, a price-to-earnings ratio of -3.15 and a beta of -3,008.78.

Institutional Trading of SKYX Platforms

Several hedge funds and other institutional investors have recently modified their holdings of SKYX. Virtu Financial LLC acquired a new stake in SKYX Platforms during the 3rd quarter worth about $27,000. SlateStone Wealth LLC lifted its position 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 buying an additional 18,000 shares in the last quarter. Certuity LLC boosted its stake in shares of SKYX Platforms by 60.6% during the 4th quarter. Certuity LLC now owns 28,259 shares of the company’s stock valued at $33,000 after buying an additional 10,659 shares during the period. Prudential Financial Inc. purchased a new position in shares of SKYX Platforms during the 4th quarter valued at $36,000. Finally, Barclays PLC increased its stake in shares of SKYX Platforms by 3,081,100.0% in the fourth quarter. Barclays PLC now owns 30,812 shares of the company’s stock worth $36,000 after acquiring an additional 30,811 shares during the last quarter. 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.