Wall Street Zen Upgrades SKYX Platforms (NASDAQ:SKYX) to Hold

SKYX Platforms (NASDAQ:SKYX - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.A number of other equities research analysts have also recently commented on SKYX. Zacks Research upgraded shares of SKYX Platforms to a "hold" rating in a research note on Monday, September 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of SKYX Platforms in a research note on Wednesday, October 8th. Litchfield Hills Research assumed coverage on shares of SKYX Platforms in a research note on Friday, October 17th. They set a "buy" rating and a $5.00 target price on the stock. Finally, Roth Capital raised shares of SKYX Platforms to a "strong-buy" rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5.00.Get SKYX Platforms alerts:Check Out Our Latest Analysis on SKYX PlatformsSKYX Platforms Price PerformanceShares of SKYX Platforms stock opened at $1.79 on Friday. The stock has a market capitalization of $203.61 million, a PE ratio of -5.11 and a beta of -3,843.83. SKYX Platforms has a 1-year low of $0.88 and a 1-year high of $2.14. The company's fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.26. SKYX Platforms (NASDAQ:SKYX - Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. SKYX Platforms had a negative return on equity of 3,407.81% and a negative net margin of 39.35%.The company had revenue of $23.89 million for the quarter, compared to the consensus estimate of $24.45 million. As a group, research analysts anticipate that SKYX Platforms will post -0.34 EPS for the current year. Institutional Inflows and OutflowsA number of institutional investors and hedge funds have recently modified their holdings of SKYX. Vanguard Group Inc. lifted its position in SKYX Platforms by 7.6% during the third quarter. Vanguard Group Inc. now owns 3,326,427 shares of the company's stock valued at $3,726,000 after acquiring an additional 235,625 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SKYX Platforms by 96.9% during the second quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company's stock worth $1,527,000 after purchasing an additional 718,712 shares in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of SKYX Platforms by 13.1% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 581,075 shares of the company's stock valued at $651,000 after purchasing an additional 67,500 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of SKYX Platforms by 163.0% in the 2nd quarter. Corient Private Wealth LLC now owns 446,981 shares of the company's stock worth $467,000 after purchasing an additional 277,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in SKYX Platforms by 685.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company's stock worth $302,000 after buying an additional 231,000 shares during the last quarter. Hedge funds and other institutional investors own 11.79% of the company's stock. About SKYX Platforms (Get Free Report)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.Further ReadingFive stocks we like better than SKYX PlatformsWhat is the Hang Seng index? Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?10 Best Airline Stocks to Buy3 Under-the-Radar AI Stocks to Buy on the DipWhat is a Special Dividend?Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football FeverThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in SKYX Platforms Right Now?Before you consider SKYX Platforms, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SKYX Platforms wasn't on the list.While SKYX Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here