SKYX Platforms Corp [SKYX] stock is trading at $1.18, up 16.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The SKYX shares have gain 14.56% over the last week, with a monthly amount glided 13.46%, and 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.
SKYX Platforms Corp [SKYX] stock has fluctuated between $0.72 and $1.87 over the past year. SKYX Platforms Corp [NASDAQ: SKYX] shares were valued at $1.18 at the most recent close of the market.
Analyzing the SKYX fundamentals
SKYX Platforms Corp [NASDAQ:SKYX] reported sales of 84.77M for the trailing twelve months, which represents a growth of 2.55%. 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 1.0295 points at the first support level, and at 0.8791 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2752, and for the 2nd resistance point, it is at 1.3705.
Ratios To Look Out For
For context, SKYX Platforms Corp’s Current Ratio is 0.61. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 31.51.
