Q1 EPS Estimates for SKYX Platforms Lowered by Roth Capital

SKYX Platforms Corp. (NASDAQ:SKYX) – Equities researchers at Roth Capital lowered their Q1 2025 earnings per share (EPS) estimates for shares of SKYX Platforms in a research note issued on Thursday, March 27th. Roth Capital analyst G. Sweeney now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their previous forecast of ($0.06). The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.34) per share. Roth Capital also issued estimates for SKYX Platforms’ Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.28) EPS and FY2026 earnings at ($0.18) EPS.

SKYX Platforms Price Performance

SKYX Platforms stock opened at $1.11 on Monday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62. The company has a market cap of $115.96 million, a price-to-earnings ratio of -2.78 and a beta of -3,008.78. The firm has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.27. SKYX Platforms has a 1 year low of $0.72 and a 1 year high of $2.14.

SKYX Platforms (NASDAQ:SKYX) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%. The company had revenue of $23.70 million for the quarter, compared to analyst estimates of $22.93 million.

Hedge Funds Weigh In On SKYX Platforms

A number of institutional investors have recently added to or reduced their stakes in SKYX. Clear Harbor Asset Management LLC acquired a new position in shares of SKYX Platforms in the 4th quarter valued at about $408,000. Procyon Advisors LLC acquired a new stake in SKYX Platforms in the fourth quarter worth approximately $241,000. Connective Capital Management LLC bought a new position in SKYX Platforms during the fourth quarter valued at about $153,000. Geode Capital Management LLC boosted 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 purchasing an additional 121,358 shares in the last quarter. Finally, Northern Trust Corp grew its position in SKYX Platforms by 66.3% in the fourth quarter. Northern Trust Corp now owns 201,276 shares of the company’s stock worth $233,000 after buying an additional 80,245 shares during the last quarter. Institutional investors and hedge funds own 11.79% of the company’s stock.

About SKYX Platforms

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.