SkyAI, Inc. Common Stock (NASDAQ:SKYA) Trading Up 3.5% – Here’s What Happened

SkyAI, Inc. Common Stock (NASDAQ:SKYA)’s share price was up 3.5% during trading on Thursday . The stock traded as high as $1.1950 and last traded at $1.18. Approximately 107,632 shares were traded during trading, a decline of 69% from the average daily volume of 346,095 shares. The stock had previously closed at $1.14.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Tuesday, April 21st. Wall Street Zen cut shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SkyAI, Inc. Common Stock currently has a consensus rating of “Sell”.

SkyAI, Inc. Common Stock Stock Performance

The firm has a market capitalization of $49.09 million, a PE ratio of -0.71 and a beta of 2.10. The firm’s 50 day moving average price is $1.43 and its 200-day moving average price is $1.74.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last released its quarterly earnings results on Thursday, May 14th. The company reported ($1.19) earnings per share for the quarter. The company had revenue of $0.19 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SKYA. Arrington Capital Management LLC purchased a new stake in SkyAI, Inc. Common Stock in the 4th quarter worth $1,874,000. T3 Companies LLC purchased a new position in SkyAI, Inc. Common Stock during the fourth quarter valued at $68,000. Saba Capital Management L.P. acquired a new stake in shares of SkyAI, Inc. Common Stock in the fourth quarter valued at about $412,000. HBK Investments L P acquired a new stake in shares of SkyAI, Inc. Common Stock in the fourth quarter valued at about $1,448,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of SkyAI, Inc. Common Stock during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 17.17% of the company’s stock.

SkyAI, Inc. Common Stock Company Profile

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.