SKYX Platforms (NASDAQ:SKYX) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

SKYX Platforms (NASDAQ:SKYX) issued its earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 Price Performance

Shares of NASDAQ SKYX traded up $0.06 during mid-day trading on Monday, hitting $1.35. 734,815 shares of the stock traded hands, compared to its average volume of 411,499. The company has a market cap of $138.38 million, a PE ratio of -3.38 and a beta of -3,008.78. SKYX Platforms has a twelve month low of $0.72 and a twelve month 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 firm has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.25.

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.