Litchfield Hills Research Forecasts SKYX Platforms Q1 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Investment analysts at Litchfield Hills Research issued their Q1 2027 EPS estimates for SKYX Platforms in a research report issued to clients and investors on Thursday, November 13th. Litchfield Hills Research analyst B. Sine forecasts that the company will earn ($0.04) per share for the quarter. Litchfield Hills Research currently has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share. Litchfield Hills Research also issued estimates for SKYX Platforms’ Q2 2027 earnings at $0.04 EPS and Q3 2027 earnings at $0.16 EPS.

SKYX Platforms (NASDAQ:SKYX) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. SKYX Platforms had a negative return on equity of 3,407.81% and a negative net margin of 39.35%.The company had revenue of $23.89 million for the quarter, compared to analyst estimates of $24.45 million.

Other equities research analysts have also issued research reports about the company. Wall Street Zen upgraded SKYX Platforms from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research upgraded SKYX Platforms to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SKYX Platforms in a research note on Wednesday, October 8th. Finally, Roth Capital raised shares of SKYX Platforms to a “strong-buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

SKYX Platforms Stock Performance

SKYX traded up $0.25 on Friday, reaching $1.78. 533,822 shares of the company’s stock were exchanged, compared to its average volume of 564,779. SKYX Platforms has a twelve month low of $0.88 and a twelve month high of $2.14. The company’s 50 day moving average is $1.36 and its 200-day moving average is $1.25. The company has a market cap of $202.07 million, a price-to-earnings ratio of -5.06 and a beta of -3,843.83.

Institutional Investors Weigh In On SKYX Platforms

Several large investors have recently made changes to their positions in SKYX. JPMorgan Chase & Co. lifted its holdings in SKYX Platforms by 31.7% in the third quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock worth $45,000 after purchasing an additional 9,647 shares during the period. Private Advisor Group LLC raised its position in shares of SKYX Platforms by 33.9% during the 1st quarter. Private Advisor Group LLC now owns 39,500 shares of the company’s stock worth $45,000 after buying an additional 10,000 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of SKYX Platforms by 13.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 239,000 shares of the company’s stock worth $272,000 after acquiring an additional 27,500 shares during the period. Intech Investment Management LLC acquired a new stake in shares of SKYX Platforms in the 2nd quarter worth approximately $32,000. Finally, Invesco Ltd. bought a new position in shares of SKYX Platforms in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

About SKYX Platforms

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products.