Noble Financial Weighs in on SKYX Platforms Q1 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Equities research analysts at Noble Financial issued their Q1 2025 earnings estimates for shares of SKYX Platforms in a research report issued to clients and investors on Tuesday, March 25th. Noble Financial analyst P. Mccann forecasts 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 %

NASDAQ SKYX opened at $1.19 on Thursday. The business has a fifty day moving average price of $1.54 and a 200 day moving average price of $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. The company has a market cap of $121.98 million, a P/E ratio of -2.98 and a beta of -3,008.78. SKYX Platforms has a one year low of $0.72 and a one year high of $2.14.

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

Hedge Funds Weigh In On SKYX Platforms

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Procyon Advisors LLC acquired a new stake in shares of SKYX Platforms in the fourth quarter valued at approximately $241,000. Clear Harbor Asset Management LLC acquired a new stake in shares of SKYX Platforms in the 4th quarter worth $408,000. Geode Capital Management LLC increased its stake in shares of SKYX Platforms by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 704,930 shares of the company’s stock worth $598,000 after acquiring an additional 121,358 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of SKYX Platforms during the 3rd quarter worth $27,000. Finally, XTX Topco Ltd purchased a new stake in shares of SKYX Platforms in the third quarter valued at about $45,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

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.