SKYX Platforms Corp (NASDAQ:SKYX) shares, rose in value on Thursday, April 16, with the stock price up by 9.62% to the previous day’s close as strong demand from buyers drove the stock to $1.07.
Actively observing the price movement in the last trading, the stock closed the session at $0.98, falling within a range of $0.9729 and $1.09. The value of beta (5-year monthly) was -3416.001. Referring to stock’s 52-week performance, its high was $2.13, and the low was $0.72. On the whole, SKYX has fluctuated by -13.01% over the past month.
With the market capitalization of SKYX Platforms Corp currently standing at about $111.78 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 104.12M, with a low estimate of 20M and a high estimate of 20.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SKYX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of SKYX currently trading nearly -2.70% and -21.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.78, while the 7-day volatility ratio is showing 8.59% which for the 30-day chart, stands at 9.91%. Furthermore, SKYX Platforms Corp (SKYX)’s beta value is 2.56, and its average true range (ATR) is 0.11.
A comparison of SKYX Platforms Corp (SKYX) with its peers suggests the former has fared considerably weaker in the market. SKYX showed an intraday change of 9.62% in last session, and over the past year, it grew by 14.59%%.
Data on historical trading for SKYX Platforms Corp (NASDAQ:SKYX) indicates that the trading volumes over the past 10 days have averaged 0.33 and over the past 3 months, they’ve averaged 532.22K. According to company’s latest data on outstanding shares, there are 103.36 million shares outstanding.
Nearly 37.63% of SKYX Platforms Corp’s shares belong to company insiders and institutional investors own 8.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.22 million shares as on 2025-03-31, resulting in a short ratio of 7.91. According to the data, the short interest in SKYX Platforms Corp (SKYX) stood at 415.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 2.96 million. The stock has fallen by -7.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SKYX stock heading into the next quarter.
