Procyon Advisors LLC Takes Position in SKYX Platforms Corp. (NASDAQ:SKYX)

Procyon Advisors LLC purchased a new position in shares of SKYX Platforms Corp. (NASDAQ:SKYX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 208,000 shares of the company’s stock, valued at approximately $241,000.

Several other large investors have also bought and sold shares of SKYX. Geode Capital Management LLC raised its position in shares of SKYX Platforms by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 704,930 shares of the company’s stock valued at $598,000 after acquiring an additional 121,358 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in SKYX Platforms by 30.0% in the third quarter. Matrix Asset Advisors Inc. NY now owns 130,000 shares of the company’s stock valued at $110,000 after purchasing an additional 30,000 shares during the last quarter. Virtu Financial LLC acquired a new position in SKYX Platforms in the third quarter valued at about $27,000. XTX Topco Ltd bought a new position in SKYX Platforms during the third quarter worth about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SKYX Platforms during the 2nd quarter worth about $79,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

SKYX Platforms Stock Performance

Shares of NASDAQ:SKYX opened at $1.35 on Monday. The firm’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.07. SKYX Platforms Corp. has a fifty-two week low of $0.72 and a fifty-two week high of $1.70. The company has a market capitalization of $138.38 million, a price-to-earnings ratio of -3.38 and a beta of -2,747.93. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.62 and a quick ratio of 0.47.

SKYX Platforms (NASDAQ:SKYX) last posted its earnings results on Tuesday, November 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%. The company had revenue of $22.17 million for the quarter, compared to analyst estimates of $23.70 million. During the same period last year, the business posted ($0.08) earnings per share. As a group, sell-side analysts forecast that SKYX Platforms Corp. will post -0.34 earnings per share for the current year.

SKYX Platforms Profile

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.