Newbridge Financial Services Group Inc. Makes New Investment in SKYX Platforms Corp. (NASDAQ:SKYX)

Newbridge Financial Services Group Inc. acquired a new position in shares of SKYX Platforms Corp. (NASDAQ:SKYX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 35,963 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SKYX. Virtu Financial LLC acquired a new position in SKYX Platforms during the third quarter worth $27,000. XTX Topco Ltd acquired a new position in SKYX Platforms during the third quarter worth $45,000. Matrix Asset Advisors Inc. NY boosted its stake in SKYX Platforms by 21.8% during the fourth quarter. Matrix Asset Advisors Inc. NY now owns 158,333 shares of the company’s stock worth $184,000 after buying an additional 28,333 shares during the last quarter. Procyon Advisors LLC acquired a new position in SKYX Platforms during the fourth quarter worth $241,000. Finally, Clear Harbor Asset Management LLC acquired a new position in SKYX Platforms during the fourth quarter worth $408,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

SKYX Platforms Stock Performance

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

SKYX Platforms (NASDAQ:SKYX) last posted its earnings results on Tuesday, November 12th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $23.70 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, research analysts anticipate that SKYX Platforms Corp. will post -0.34 earnings per share for the current 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.