Q2 EPS Estimate for SKYX Platforms Boosted by Analyst

SKYX Platforms Corp. (NASDAQ:SKYX) – Equities research analysts at Litchfield Hills Research upped their Q2 2026 earnings estimates for shares of SKYX Platforms in a research note issued on Tuesday, May 12th. Litchfield Hills Research analyst B. Sine now expects that the company will earn ($0.06) per share for the quarter, up from their prior estimate of ($0.07). The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.24) per share. Litchfield Hills Research also issued estimates for SKYX Platforms’ Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.03) EPS, FY2026 earnings at ($0.20) EPS and FY2027 earnings at ($0.03) EPS.

Other analysts have also recently issued research reports about the company. Roth Mkm reiterated a “buy” rating and set a $5.00 price objective (up from $4.25) on shares of SKYX Platforms in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of SKYX Platforms in a research report on Tuesday, April 21st. Wall Street Zen cut SKYX Platforms from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Noble Financial upgraded SKYX Platforms to a “strong-buy” rating in a research report on Tuesday. Finally, Lake Street Capital started coverage on SKYX Platforms in a research report on Thursday, March 5th. They set a “buy” rating and a $5.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SKYX Platforms presently has an average rating of “Moderate Buy” and an average price target of $5.00.

SKYX Platforms Price Performance

Shares of NASDAQ SKYX opened at $1.14 on Thursday. The stock has a market cap of $152.89 million, a price-to-earnings ratio of -3.93 and a beta of -3,565.99. SKYX Platforms has a 52 week low of $0.96 and a 52 week high of $3.29. The company’s 50-day moving average price is $1.38 and its 200 day moving average price is $1.86. The company has a current ratio of 1.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.37.

SKYX Platforms (NASDAQ:SKYX) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $22.09 million during the quarter, compared to analyst estimates of $21.98 million.

Institutional Trading of SKYX Platforms

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd grew its holdings in SKYX Platforms by 50.5% in the 4th quarter. Quadrature Capital Ltd now owns 22,577 shares of the company’s stock valued at $49,000 after buying an additional 7,575 shares during the period. Invesco Ltd. grew its holdings in SKYX Platforms by 26.6% in the 4th quarter. Invesco Ltd. now owns 40,732 shares of the company’s stock valued at $88,000 after buying an additional 8,547 shares during the period. JPMorgan Chase & Co. grew its holdings in SKYX Platforms by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock valued at $45,000 after buying an additional 9,647 shares during the period. Vise Technologies Inc. purchased a new stake in SKYX Platforms in the 4th quarter valued at about $35,000. Finally, Kestra Private Wealth Services LLC grew its holdings in SKYX Platforms by 5.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 348,900 shares of the company’s stock valued at $757,000 after buying an additional 18,000 shares during the period. Hedge funds and other institutional investors own 11.79% of the company’s stock.

About SKYX Platforms

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.