52,536 Shares in SKYX Platforms Corp. (NASDAQ:SKYX) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in SKYX Platforms Corp. (NASDAQ:SKYX) during the third quarter, according to its most recent filing with the SEC. The firm acquired 52,536 shares of the company’s stock, valued at approximately $45,000. XTX Topco Ltd owned about 0.05% of SKYX Platforms as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in SKYX Platforms in the second quarter valued at about $79,000. Matrix Asset Advisors Inc. NY grew its position in shares of SKYX Platforms by 30.0% during the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 130,000 shares of the company’s stock worth $110,000 after buying an additional 30,000 shares during the period. Finally, Choreo LLC raised its stake in shares of SKYX Platforms by 22.5% during the second quarter. Choreo LLC now owns 286,746 shares of the company’s stock worth $266,000 after buying an additional 52,680 shares during the last quarter. 11.79% of the stock is owned by institutional investors and hedge funds.

SKYX Platforms Trading Down 1.9 %

Shares of NASDAQ SKYX opened at $1.03 on Monday. SKYX Platforms Corp. has a twelve month low of $0.72 and a twelve month high of $1.87. The stock has a market cap of $105.58 million, a price-to-earnings ratio of -2.58 and a beta of -2,824.47. 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 company’s fifty day moving average is $1.17 and its 200-day moving average is $1.03.

SKYX Platforms (NASDAQ:SKYX) last posted its earnings results on Tuesday, November 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%. The firm had revenue of $22.17 million for the quarter, compared to analyst estimates of $23.70 million. During the same period in the previous year, the company posted ($0.08) earnings per share. Equities research analysts predict that SKYX Platforms Corp. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SKYX shares. Roth Capital raised SKYX Platforms to a “strong-buy” rating in a research note on Tuesday, September 10th. Roth Mkm began coverage on SKYX Platforms in a research note on Tuesday, September 10th. They issued a “buy” rating and a $2.00 target price on the stock.

SKYX Platforms 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.