A share price of SKYX Platforms Corp [SKYX] is currently trading at $0.92, up 13.64%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SKYX shares have gain 5.31% over the last week, with a monthly amount drifted -0.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SKYX Platforms Corp [NASDAQ: SKYX] stock has seen the most recent analyst activity on September 10, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $2. Previously, Noble Capital Markets started tracking the stock with Outperform rating on April 29, 2024, and set its price target to $5. On July 28, 2022, The Benchmark Company initiated with a Buy rating and assigned a price target of $15 on the stock.
SKYX Platforms Corp experienced fluctuations in its stock price throughout the past year between $0.72 and $1.95. SKYX Platforms Corp [NASDAQ: SKYX] shares were valued at $0.92 at the most recent close of the market.
Analyzing the SKYX fundamentals
Trailing Twelve Months sales for SKYX Platforms Corp [NASDAQ:SKYX] were 84.22M which represents 43.13% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.44%, and Net Profit Margin reading is -0.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.53, Equity is -2.61 and Total Capital is -0.81. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.8442 points at the first support level, and at 0.7679 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9634, and for the 2nd resistance point, it is at 1.0063.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SKYX Platforms Corp [NASDAQ:SKYX] is 0.76. As well, the Quick Ratio is 0.61, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 9.83.
