Fintel reports that on April 29, 2024, Noble Capital Markets initiated coverage of SKYX Platforms (NasdaqCM:SKYX) with a Outperform recommendation.
Analyst Price Forecast Suggests 380.00% Upside
As of April 17, 2024, the average one-year price target for SKYX Platforms is 4.08. The forecasts range from a low of 3.03 to a high of $5.25. The average price target represents an increase of 380.00% from its latest reported closing price of 0.85.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SKYX Platforms is 275MM, an increase of 368.48%. The projected annual non-GAAP EPS is 0.96.
What is the Fund Sentiment?
There are 123 funds or institutions reporting positions in SKYX Platforms. This is an increase of 2 owner(s) or 1.65% in the last quarter. Average portfolio weight of all funds dedicated to SKYX is 0.00%, an increase of 7.03%. Total shares owned by institutions increased in the last three months by 8.31% to 11,139K shares.
What are Other Shareholders Doing?
IWM - iShares Russell 2000 ETF holds 1,510K shares representing 1.56% ownership of the company. In its prior filing, the firm reported owning 1,327K shares , representing an increase of 12.17%. The firm decreased its portfolio allocation in SKYX by 0.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,335K shares representing 1.38% ownership of the company. No change in the last quarter.
Geode Capital Management holds 1,173K shares representing 1.21% ownership of the company. In its prior filing, the firm reported owning 1,158K shares , representing an increase of 1.29%. The firm increased its portfolio allocation in SKYX by 0.26% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 641K shares representing 0.66% ownership of the company. No change in the last quarter.
FSSNX - Fidelity Small Cap Index Fund holds 619K shares representing 0.64% ownership of the company. No change in the last quarter.
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This story originally appeared on Fintel.
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