Newbridge Financial Services Group Inc. Purchases New Position in SKYX Platforms Corp. (NASDAQ:SKYX)

Newbridge Financial Services Group Inc. purchased a new stake in shares of SKYX Platforms Corp. (NASDAQ:SKYX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,963 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors also recently bought and sold shares of SKYX. Virtu Financial LLC purchased a new position in SKYX Platforms during the third quarter valued at approximately $27,000. XTX Topco Ltd acquired a new stake in SKYX Platforms in the third quarter valued at approximately $45,000. Matrix Asset Advisors Inc. NY grew its holdings in SKYX Platforms by 21.8% in the fourth quarter. Matrix Asset Advisors Inc. NY now owns 158,333 shares of the company’s stock valued at $184,000 after purchasing an additional 28,333 shares during the period. Procyon Advisors LLC acquired a new stake in SKYX Platforms in the fourth quarter valued at approximately $241,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in SKYX Platforms in the fourth quarter valued at approximately $408,000. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

SKYX Platforms Stock Down 5.0 %

Shares of SKYX opened at $1.89 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.47 and a debt-to-equity ratio of 2.22. SKYX Platforms Corp. has a 12 month low of $0.72 and a 12 month high of $2.14. The stock’s 50 day moving average is $1.35 and its two-hundred day moving average is $1.15. The firm has a market cap of $193.73 million, a P/E ratio of -4.73 and a beta of -2,777.50.

SKYX Platforms (NASDAQ:SKYX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. SKYX Platforms had a negative return on equity of 353.92% and a negative net margin of 44.92%. The company had revenue of $22.17 million for the quarter, compared to analyst estimates of $23.70 million. During the same period last year, the company earned ($0.08) earnings per share. Analysts predict that SKYX Platforms Corp. will post -0.34 earnings per share for the current fiscal year.

SKYX Platforms Profile

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.