SKYX Platforms Corp.’s (NASDAQ:SKYX) Lock-Up Period Set To Expire on August 9th

Posted by MarketBeat News on Aug 2nd, 2022

SKYX Platforms’ (NASDAQ:SKYX – Get Rating) lock-up period will end on Tuesday, August 9th. SKYX Platforms had issued 1,650,000 shares in its public offering on February 10th. The total size of the offering was $23,100,000 based on an initial share price of $14.00. After the expiration of SKYX Platforms’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed an “initiates” rating on shares of SKYX Platforms in a report on Thursday, July 28th.

SKYX Platforms Stock Down 0.5 %

NASDAQ SKYX opened at $5.96 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 6.12 and a current ratio of 6.31. The firm’s 50 day moving average is $3.05. SKYX Platforms has a 1-year low of $1.82 and a 1-year high of $16.00.

SKYX Platforms (NASDAQ:SKYX – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $0.01 million during the quarter.

Insider Transactions at SKYX Platforms

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Ergoteles LLC acquired a new position in SKYX Platforms during the 1st quarter worth $1,615,000. Scholtz & Company LLC acquired a new position in SKYX Platforms during the 1st quarter worth $790,000. JPMorgan Chase & Co. acquired a new position in SKYX Platforms during the 1st quarter worth $421,000. Citigroup Inc. acquired a new position in SKYX Platforms during the 1st quarter worth $273,000. Finally, Qube Research & Technologies Ltd acquired a new position in SKYX Platforms during the 1st quarter worth $219,000.

About SKYX Platforms

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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.