SkyAI, Inc. Common Stock (NASDAQ:SKYA) Issues Quarterly Earnings Results

SkyAI, Inc. Common Stock (NASDAQ:SKYA) posted its quarterly earnings data on Friday. The company reported ($0.32) earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.32 million for the quarter.

SkyAI, Inc. Common Stock Price Performance

SKYA traded up $0.04 on Friday, reaching $1.21. 20,937 shares of the company’s stock were exchanged, compared to its average volume of 100,164. The stock’s fifty day moving average price is $1.23 and its 200-day moving average price is $1.61. SkyAI, Inc. Common Stock has a twelve month low of $0.91 and a twelve month high of $18.23. The stock has a market cap of $51.21 million, a PE ratio of -0.74 and a beta of 2.06.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SKYA. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a research note on Friday, July 17th. Wall Street Zen lowered shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On SkyAI, Inc. Common Stock

Several large investors have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC purchased a new stake in SkyAI, Inc. Common Stock during the 3rd quarter worth approximately $9,404,000. Saba Capital Management L.P. boosted its position in shares of SkyAI, Inc. Common Stock by 645.7% during the 1st quarter. Saba Capital Management L.P. now owns 1,511,988 shares of the company’s stock worth $2,540,000 after acquiring an additional 1,309,236 shares in the last quarter. Pantera Capital Partners LP acquired a new stake in SkyAI, Inc. Common Stock during the third quarter worth approximately $7,498,000. Arrington Capital Management LLC purchased a new position in shares of SkyAI, Inc. Common Stock during the fourth quarter worth about $1,874,000. Finally, HBK Investments L P purchased a new position in SkyAI, Inc. Common Stock during the 4th quarter worth approximately $1,448,000. Institutional investors and hedge funds own 17.17% of the company’s stock.

SkyAI, Inc. Common Stock Company Profile

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.