SkyAI

SKYA.US opened the regular session at $1.17 but quickly declined to an intraday low of $1.15 within the first two minutes, closing at that level. Pre-market activity saw the stock spike to an intraday high of $1.23 before pulling back. The move was primarily driven by fading sentiment around a potential acquisition, after Forward Industries' unsolicited all-stock proposal expired on June 12 without a response from SkyAI. The company, which recently rebranded from Sharps Technology Inc. to pivot into an AI-powered finance platform, reported a Q1 2026 net loss of $86.24 million, widening 45x year-over-year, versus operating revenue of just $3.33 million, with a PB of 0.27. The stock now sits 37.5% below its 52-week high of $1.84 and is down 35% YTD, though it remains above its 20-day MA of $1.143. The post-market uptick to $1.11 suggests some stabilization, however.