Q2 EPS Estimate for SKYX Platforms Boosted by Analyst

SKYX Platforms Corp. (NASDAQ:SKYX) – Stock analysts at Litchfield Hills Research lifted their Q2 2026 earnings per share (EPS) estimates for shares of SKYX Platforms in a research report issued to clients and investors on Tuesday, May 12th. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings of ($0.06) per share for the quarter, up from their previous forecast of ($0.07). The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.24) per share. Litchfield Hills Research also issued estimates for SKYX Platforms’ Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.03) EPS, FY2026 earnings at ($0.20) EPS and FY2027 earnings at ($0.03) EPS.

Several other brokerages also recently issued reports on SKYX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SKYX Platforms in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of SKYX Platforms from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Roth Mkm reaffirmed a “buy” rating and issued a $5.00 price objective (up from $4.25) on shares of SKYX Platforms in a research report on Thursday, January 22nd. Lake Street Capital initiated coverage on shares of SKYX Platforms in a research report on Thursday, March 5th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Noble Financial raised shares of SKYX Platforms to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.00.

SKYX Platforms Stock Performance

NASDAQ SKYX opened at $1.14 on Thursday. The firm has a market capitalization of $152.89 million, a P/E ratio of -3.93 and a beta of -3,565.99. SKYX Platforms has a 1-year low of $0.96 and a 1-year high of $3.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.70 and a quick ratio of 0.45. The business’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $1.86.

SKYX Platforms (NASDAQ:SKYX) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $22.09 million during the quarter, compared to analyst estimates of $21.98 million.

Hedge Funds Weigh In On SKYX Platforms

A number of institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd raised its position in shares of SKYX Platforms by 50.5% in the 4th quarter. Quadrature Capital Ltd now owns 22,577 shares of the company’s stock valued at $49,000 after purchasing an additional 7,575 shares in the last quarter. Invesco Ltd. raised its position in shares of SKYX Platforms by 26.6% in the 4th quarter. Invesco Ltd. now owns 40,732 shares of the company’s stock valued at $88,000 after purchasing an additional 8,547 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of SKYX Platforms by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock valued at $45,000 after purchasing an additional 9,647 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of SKYX Platforms in the 4th quarter valued at approximately $35,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of SKYX Platforms by 5.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 348,900 shares of the company’s stock valued at $757,000 after purchasing an additional 18,000 shares in the last quarter. 11.79% of the stock is owned by institutional investors and hedge funds.

About SKYX Platforms

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.