SKYX Platforms Corp

Company Profile

SKYX Platforms Corp had its IPO on 2016-08-05 under the ticker symbol SKYX.

The company operates in the Industrials sector and Electrical Equipment & Parts industry. SKYX Platforms Corp has a staff strength of 29 employees.

Stock update

Shares of SKYX Platforms Corp opened at $1.64 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.55 - $1.68, and closed at $1.58.

This is a -3.66% slip from the previous day's closing price.

A total volume of 294,889 shares were traded at the close of the day’s session.

In the last one week, shares of SKYX Platforms Corp have slipped by -6.51%.

SKYX Platforms Corp's Key Ratios

SKYX Platforms Corp has a market cap of $155.23 million, indicating a price to book ratio of 14.3704 and a price to sales ratio of 8054.313.

In the last 12-months SKYX Platforms Corp’s revenue was $15.01 million with a gross profit of $-106177 and an EBITDA of $-28198884. The EBITDA ratio measures SKYX Platforms Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, SKYX Platforms Corp’s operating margin was -197.22% while its return on assets stood at -33.72% with a return of equity of -169.15%.

In Q2, SKYX Platforms Corp’s quarterly earnings growth was a positive 0% while revenue growth was a positive 202688.7%.

SKYX Platforms Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.41 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into SKYX Platforms Corp’s profitability.

SKYX Platforms Corp stock is trading at a EV to sales ratio of 10135.4209 and a EV to EBITDA ratio of -7.9732. Its price to sales ratio in the trailing 12-months stood at 8054.313.

SKYX Platforms Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$80.38 million

Total Liabilities

$32.48 million

Operating Cash Flow

$3.40 million

Capital Expenditure

$306

Dividend Payout Ratio

0%

SKYX Platforms Corp ended 2024 with $80.38 million in total assets and $0 in total liabilities. Its intangible assets were valued at $80.38 million while shareholder equity stood at $20.98 million.

SKYX Platforms Corp ended 2024 with $0 in deferred long-term liabilities, $32.48 million in other current liabilities, 147282469.00 in common stock, $-126298842.00 in retained earnings and $15.48 million in goodwill. Its cash balance stood at $18.09 million and cash and short-term investments were $18.09 million. The company’s total short-term debt was $7,796,681 while long-term debt stood at $5.35 million.

SKYX Platforms Corp’s total current assets stands at $28.74 million while long-term investments were $0 and short-term investments were $0.00. Its net receivables were $2.48 million compared to accounts payable of $10.58 million and inventory worth $4.82 million.

In 2024, SKYX Platforms Corp's operating cash flow was $3.40 million while its capital expenditure stood at $306.

Comparatively, SKYX Platforms Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.58

52-Week High

$4.25

52-Week Low

$1.3

Analyst Target Price

$10

SKYX Platforms Corp stock is currently trading at $1.58 per share. It touched a 52-week high of $4.25 and a 52-week low of $4.25. Analysts tracking the stock have a 12-month average target price of $10.

Its 50-day moving average was $2.05 and 200-day moving average was $2.82 The short ratio stood at 8.76 indicating a short percent outstanding of 0%.

Around 4622.3% of the company’s stock are held by insiders while 563.3% are held by institutions.