Geode Capital Management LLC Acquires 121,358 Shares of SKYX Platforms Corp. (NASDAQ:SKYX)

Geode Capital Management LLC increased its holdings in shares of SKYX Platforms Corp. (NASDAQ:SKYX) by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 704,930 shares of the company’s stock after purchasing an additional 121,358 shares during the period. Geode Capital Management LLC owned approximately 0.69% of SKYX Platforms worth $598,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in SKYX Platforms in the 3rd quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SKYX Platforms in the 2nd quarter valued at approximately $79,000. Matrix Asset Advisors Inc. NY raised its position in SKYX Platforms by 30.0% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 130,000 shares of the company’s stock valued at $110,000 after buying an additional 30,000 shares during the last quarter. Finally, Choreo LLC raised its position in SKYX Platforms by 22.5% in the 2nd quarter. Choreo LLC now owns 286,746 shares of the company’s stock valued at $266,000 after buying an additional 52,680 shares during the last quarter. Institutional investors own 11.79% of the company’s stock.

SKYX Platforms Stock Down 2.2 %

Shares of SKYX Platforms stock opened at $1.35 on Friday. The firm has a market cap of $138.38 million, a PE ratio of -3.38 and a beta of -2,747.93. SKYX Platforms Corp. has a 52-week low of $0.72 and a 52-week high of $1.74. The business’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.05. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.47 and a current ratio of 0.62.

SKYX Platforms (NASDAQ:SKYX) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $22.17 million for the quarter, compared to analyst estimates of $23.70 million. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, analysts predict that SKYX Platforms Corp. will post -0.34 earnings per share for the current fiscal year.

SKYX Platforms Profile

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.