Noble Financial Comments on SKYX Platforms Q2 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Stock analysts at Noble Financial issued their Q2 2026 EPS estimates for shares of SKYX Platforms in a research report issued to clients and investors on Tuesday, May 12th. Noble Financial analyst J. Gomes expects that the company will post earnings of ($0.07) per share for the quarter. Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.22) per share. Noble Financial also issued estimates for SKYX Platforms’ Q3 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.27) EPS and FY2027 earnings at ($0.20) EPS.

Several other brokerages have also recently weighed in on SKYX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SKYX Platforms in a research report on Tuesday, April 21st. Lake Street Capital assumed coverage on shares of SKYX Platforms in a research report on Thursday, March 5th. They issued a “buy” rating and a $5.00 price target for the company. Wall Street Zen cut shares of SKYX Platforms from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $5.00 price target (up from $4.25) on shares of SKYX Platforms in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

SKYX Platforms Price Performance

Shares of SKYX opened at $1.14 on Friday. The company has a 50 day moving average price of $1.36 and a 200-day moving average price of $1.86. SKYX Platforms has a fifty-two week low of $0.96 and a fifty-two week high of $3.29. The stock has a market capitalization of $152.89 million, a PE ratio of -3.93 and a beta of -3,565.99. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.45 and a current ratio of 1.70.

SKYX Platforms (NASDAQ:SKYX) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $22.09 million during the quarter, compared to analysts’ expectations of $21.98 million.

Institutional Investors Weigh In On SKYX Platforms

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd lifted its position in SKYX Platforms by 50.5% during the fourth quarter. Quadrature Capital Ltd now owns 22,577 shares of the company’s stock valued at $49,000 after acquiring an additional 7,575 shares during the last quarter. Invesco Ltd. lifted its position in SKYX Platforms by 26.6% during the fourth quarter. Invesco Ltd. now owns 40,732 shares of the company’s stock valued at $88,000 after acquiring an additional 8,547 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SKYX Platforms by 31.7% during the third quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock valued at $45,000 after acquiring an additional 9,647 shares during the last quarter. Vise Technologies Inc. purchased a new stake in SKYX Platforms during the fourth quarter valued at approximately $35,000. Finally, Kestra Private Wealth Services LLC lifted its position in SKYX Platforms by 5.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 348,900 shares of the company’s stock valued at $757,000 after acquiring an additional 18,000 shares during the last quarter. Hedge funds and other institutional investors own 11.79% of the company’s stock.

SKYX Platforms News Roundup

Here are the key news stories impacting SKYX Platforms this week:

• Positive Sentiment: Noble Financial upgraded SKYX to Strong-Buy and reiterated estimates showing expected losses narrowing over time, including FY2027 EPS of ($0.20). SKYX Platforms stock page
• Positive Sentiment: Litchfield Hills Research raised near-term estimates for Q2 2026 to ($0.06), Q3 2026 to ($0.03), and Q4 2026 to ($0.03), suggesting improving expectations for the business. SKYX Platforms stock page
• Positive Sentiment: Litchfield Hills also lifted its FY2026 estimate to ($0.20) from ($0.22), a modest improvement versus prior forecasts and the broader consensus of ($0.22). SKYX Platforms stock page
• Neutral Sentiment: Analyst notes also included longer-term estimate changes, including higher FY2027 and FY2030 forecasts from some reports, but these are less likely to move the stock immediately than the near-term revisions. SKYX Platforms stock page

About SKYX Platforms

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.