Clear Harbor Asset Management LLC Purchases New Stake in SKYX Platforms Corp. (NASDAQ:SKYX)

Clear Harbor Asset Management LLC acquired a new position in SKYX Platforms Corp. (NASDAQ:SKYX) during the 4th quarter, HoldingsChannel reports. The fund acquired 351,300 shares of the company’s stock, valued at approximately $408,000.

Other hedge funds have also added to or reduced their stakes in the company. Procyon Advisors LLC purchased a new stake in shares of SKYX Platforms during the 4th quarter worth approximately $241,000. Virtu Financial LLC purchased a new stake in SKYX Platforms in the third quarter worth $27,000. Geode Capital Management LLC raised its stake in shares of SKYX Platforms by 20.8% in the third quarter. Geode Capital Management LLC now owns 704,930 shares of the company’s stock valued at $598,000 after buying an additional 121,358 shares during the period. XTX Topco Ltd purchased a new position in shares of SKYX Platforms during the 3rd quarter valued at $45,000. Finally, Matrix Asset Advisors Inc. NY grew its stake in shares of SKYX Platforms by 30.0% during the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 130,000 shares of the company’s stock worth $110,000 after acquiring an additional 30,000 shares during the period. Institutional investors own 11.79% of the company’s stock.

SKYX Platforms Stock Performance

Shares of SKYX opened at $1.57 on Wednesday. SKYX Platforms Corp. has a fifty-two week low of $0.72 and a fifty-two week high of $1.70. 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 has a 50-day moving average of $1.15 and a 200 day moving average of $1.07.

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

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.