SlateStone Wealth LLC Boosts Holdings in SKYX Platforms Corp. (NASDAQ:SKYX)

SlateStone Wealth LLC raised its holdings in SKYX Platforms Corp. (NASDAQ:SKYX) by 169.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,600 shares of the company’s stock after buying an additional 18,000 shares during the quarter. SlateStone Wealth LLC’s holdings in SKYX Platforms were worth $33,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SKYX. Clear Harbor Asset Management LLC acquired a new position in shares of SKYX Platforms in the 4th quarter valued at about $408,000. Procyon Advisors LLC acquired a new position in shares of SKYX Platforms in the 4th quarter valued at about $241,000. Geode Capital Management LLC lifted its stake in shares of SKYX Platforms by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 704,930 shares of the company’s stock valued at $598,000 after purchasing an additional 121,358 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of SKYX Platforms in the 3rd quarter valued at about $45,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of SKYX Platforms in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

SKYX Platforms Stock Performance

NASDAQ SKYX opened at $1.23 on Tuesday. The firm has a market capitalization of $126.08 million, a P/E ratio of -3.08 and a beta of -3,008.78. SKYX Platforms Corp. has a 1-year low of $0.72 and a 1-year high of $2.14. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.62 and a quick ratio of 0.47. The business’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $1.24.

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.