SKYX Platforms (NASDAQ:SKYX) Issues Earnings Results

SKYX Platforms (NASDAQ:SKYX) released its quarterly earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03), Zacks reports. SKYX Platforms had a negative net margin of 44.92% and a negative return on equity of 353.92%.

SKYX Platforms Trading Up 4.7 %

NASDAQ:SKYX traded up $0.06 during trading hours on Monday, hitting $1.35. 734,815 shares of the company were exchanged, compared to its average volume of 411,499. The stock has a market capitalization of $138.38 million, a price-to-earnings ratio of -3.38 and a beta of -3,008.78. SKYX Platforms has a one year low of $0.72 and a one year high of $2.14. The company has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.25. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22.

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.