SKYX Platforms Corp [SKYX] stock prices are up 18.09% to $1.79 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SKYX shares have gain 17.32% over the last week, with a monthly amount glided 61.71%, 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.
The stock price of SKYX Platforms Corp [SKYX] has been fluctuating between $0.88 and $2.13 over the past year. SKYX Platforms Corp [NASDAQ: SKYX] shares were valued at $1.79 at the most recent close of the market.
Analyzing the SKYX fundamentals
The SKYX Platforms Corp [NASDAQ:SKYX] reported sales of 89.03M for trailing twelve months, representing a surge of 7.53%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -6.39 and Total Capital is -0.91. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.98.
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 1.5817 points at the first support level, and at 1.3683 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9467, and for the 2nd resistance point, it is at 2.0983.
Ratios To Look Out For
It’s worth pointing out that SKYX Platforms Corp [NASDAQ:SKYX]’s Current Ratio is 0.70. Further, the Quick Ratio stands at 0.60, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 2.29.
