Contrasting SKYX Platforms (NASDAQ:SKYX) and NeoVolta (NASDAQ:NEOV)

SKYX Platforms (NASDAQ:SKYX) and NeoVolta (NASDAQ:NEOV) are both small-cap industrials companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, risk, earnings, valuation, analyst recommendations, dividends and institutional ownership.

Risk & Volatility

SKYX Platforms has a beta of -3491.36, indicating that its stock price is 349,236% less volatile than the S&P 500. Comparatively, NeoVolta has a beta of -0.87, indicating that its stock price is 187% less volatile than the S&P 500.

Insider and Institutional Ownership

11.8% of SKYX Platforms shares are held by institutional investors. Comparatively, 5.1% of NeoVolta shares are held by institutional investors. 24.2% of SKYX Platforms shares are held by company insiders. Comparatively, 4.0% of NeoVolta shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of current recommendations and price targets for SKYX Platforms and NeoVolta, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SKYX Platforms	1	1	3	1	2.67
NeoVolta	1	2	4	0	2.43

SKYX Platforms currently has a consensus target price of $4.67, suggesting a potential upside of 233.33%. NeoVolta has a consensus target price of $9.50, suggesting a potential upside of 142.97%. Given SKYX Platforms’ stronger consensus rating and higher possible upside, equities analysts plainly believe SKYX Platforms is more favorable than NeoVolta.

Profitability

This table compares SKYX Platforms and NeoVolta’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SKYX Platforms	-34.34%	N/A	-49.28%
NeoVolta	-63.35%	-141.89%	-89.61%

Earnings and Valuation

This table compares SKYX Platforms and NeoVolta”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SKYX Platforms	$92.01 million	2.06	-$33.42 million	($0.27)	-5.19
NeoVolta	$8.43 million	26.26	-$5.03 million	($0.33)	-11.85

NeoVolta has lower revenue, but higher earnings than SKYX Platforms. NeoVolta is trading at a lower price-to-earnings ratio than SKYX Platforms, indicating that it is currently the more affordable of the two stocks.

Summary

SKYX Platforms beats NeoVolta on 11 of the 15 factors compared between the two stocks.

About SKYX Platforms

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. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.

About NeoVolta

NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.