The stock of SKYX Platforms Corp. (NASDAQ:SKYX) last traded at $2.76, down -4.17% from the previous session.
As we calculate the median target price by taking the range between a high of $15.00 and a low of $10.20, we find $12.60. Given the previous closing price of $2.88, this indicates a potential upside of 337.5 percent. SKYX stock price is now -21.49% away from the 50-day moving average and -56.76% away from the 200-day moving average. The market capitalization of the company currently stands at $233.61M.
Brokers who have rated the stock have averaged $12.60 as their price target over the next twelve months.
With the price target of $15, The Benchmark Company recently initiated with Buy rating for SKYX Platforms Corp. (NASDAQ: SKYX).
In other news, Campi John P., Chief Executive Officer bought 3,400 shares of the company’s stock on Jun 10. The stock was bought for $7,310 at an average price of $2.15. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,197,685 shares in the company, valued at $3.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10, Executive Chairman Kohen Ran Roland bought 1,000 shares of the business’s stock. A total of $2,050 was incurred on buying the stock at an average price of $2.05. This leaves the insider owning 16,001 shares of the company worth $44162.76. Insiders disposed of 328,467 shares of company stock worth roughly $0.91 million over the past 1 year. A total of 8.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SKYX stock. A new stake in SKYX Platforms Corp. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $44,000. MATRIX ASSET ADVISORS INC/NY invested $41,000 in shares of SKYX during the first quarter. In the first quarter, ADVISOR GROUP HOLDINGS, INC. acquired a new stake in SKYX Platforms Corp. valued at approximately $23,000. FNY INVESTMENT ADVISERS, LLC acquired a new stake in SKYX for approximately $14,000. In total, there are 20 active investors with 3.20% ownership of the company’s stock.
With an opening price of $2.8000 on Friday morning, SKYX Platforms Corp. (NASDAQ: SKYX) set off the trading day. During the past 12 months, SKYX Platforms Corp. has had a low of $1.82 and a high of $16.00. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 5.20, and a quick ratio of 4.90. The fifty day moving average price for SKYX is $3.5000 and a two-hundred day moving average price translates $6.3642 for the stock.
The latest earnings results from SKYX Platforms Corp. (NASDAQ: SKYX) was released for Jun, 2022.
SKYX Platforms Corp.(SKYX) Company Profile
SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling’s electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings. It offers power-plugs; universal power-plug and receptacle products; and smart products. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is headquartered in Pompano Beach, Florida.