With 0.41 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.43 million shares. The 52-week range on SKYX shows that it touched its highest point at $2.13 and its lowest point at $0.75 during that stretch. It currently has a 1-year price target of $3.12. Beta for the stock currently stands at 2.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SKYX was down-trending over the past week, with a drop of -3.91%, but this was down by -10.22% over a month. Three-month performance surged to 0.82% while six-month performance rose 9.82%. The stock gained 45.46% in the past year, while it has gained 6.03% so far this year. A look at the trailing 12-month EPS for SKYX yields -0.35 with Next year EPS estimates of -0.20. For the next quarter, that number is -0.08. This implies an EPS growth rate of 20.14% for this year and 31.30% for next year. EPS is expected to grow by 32.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.37%.
Float and Shares Shorts:
At present, 104.95 million SKYX shares are outstanding with a float of 66.68 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKYX since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.32024 being high and -$0.32757 being low. For SKYX, this leads to a yearly average estimate of -$0.323905.
