At the time of writing, SKYX Platforms Corp [SKYX] stock is trading at $1.17, down -1.68%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SKYX shares have gain 11.43% over the last week, with a monthly amount drifted -5.65%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of SKYX Platforms Corp fluctuated between $0.72 and $1.87. SKYX Platforms Corp [NASDAQ: SKYX] shares were valued at $1.17 at the most recent close of the market.
Analyzing the SKYX fundamentals
According to SKYX Platforms Corp [NASDAQ:SKYX], the company’s sales were 84.77M for trailing twelve months, which represents an 2.55% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -0.41%, Pretax Profit Margin comes in at -0.45%, and Net Profit Margin reading is -0.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.59, Equity is -3.54 and Total Capital is -1.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.2.
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 1.1067 points at the first support level, and at 1.0433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2117, and for the 2nd resistance point, it is at 1.2533.
Ratios To Look Out For
It is important to note that SKYX Platforms Corp [NASDAQ:SKYX] has a current ratio of 0.61. In addition, the Quick Ratio stands at 0.46 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 31.24.
