SKYX Platforms (NASDAQ:SKYX) Receives “Initiates” Rating from Benchmark

Benchmark reissued their initiates rating on shares of SKYX Platforms (NASDAQ:SKYXGet Rating) in a research report sent to investors on Thursday morning, Benzinga reports.

SKYX Platforms Trading Down 14.8 %

Shares of NASDAQ SKYX opened at $5.99 on Thursday. The firm has a 50-day moving average of $3.01. SKYX Platforms has a 52-week low of $1.82 and a 52-week high of $16.00. The company has a current ratio of 6.31, a quick ratio of 6.12 and a debt-to-equity ratio of 0.40.

SKYX Platforms (NASDAQ:SKYXGet Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million for the quarter.

Insider Buying and Selling

In other SKYX Platforms news, Director Dov Shiff purchased 20,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were purchased at an average cost of $2.72 per share, for a total transaction of $54,400.00. Following the completion of the transaction, the director now owns 10,817,072 shares of the company’s stock, valued at approximately $29,422,435.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO John P. Campi bought 5,000 shares of SKYX Platforms stock in a transaction on Monday, May 16th. The shares were bought at an average cost of $5.36 per share, with a total value of $26,800.00. Following the completion of the purchase, the chief executive officer now directly owns 1,189,285 shares of the company’s stock, valued at $6,374,567.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dov Shiff bought 20,000 shares of SKYX Platforms stock in a transaction on Monday, June 6th. The shares were purchased at an average cost of $2.72 per share, for a total transaction of $54,400.00. Following the completion of the purchase, the director now directly owns 10,817,072 shares of the company’s stock, valued at $29,422,435.84. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 81,656 shares of company stock worth $297,748. 40.80% of the stock is owned by insiders.

Hedge Funds Weigh In On SKYX Platforms

A number of institutional investors have recently bought and sold shares of the company. Scholtz & Company LLC purchased a new position in SKYX Platforms during the first quarter worth about $790,000. UBS Group AG purchased a new position in SKYX Platforms during the first quarter worth about $26,000. Ergoteles LLC purchased a new position in SKYX Platforms during the first quarter worth about $1,615,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of SKYX Platforms in the 1st quarter valued at approximately $206,000. Finally, Citigroup Inc. purchased a new stake in shares of SKYX Platforms in the 1st quarter valued at approximately $273,000.

SKYX Platforms Company Profile

(Get Rating)

SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings.

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