Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. SKYX Platforms Corp’s current trading price is -52.79% away from its 52-week high, while its distance from the 52-week low is 27.30%. The stock’s price range over this period has fluctuated between $0.72 and $1.95. The company, operating within the financial sector, had a trading volume of approximately 0.58 million for the day, which was noticeably higher than the average daily share volume of 0.39 million over the last 3 months.
SKYX Platforms Corp saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $1.95 on 11/17/23, while the lowest price for the same duration was marked at $0.72 on 04/19/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
SKYX Platforms Corp (SKYX) has experienced a quarterly decline of -15.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 93.51M and boasts a workforce of 60 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9529, with a change in price of -0.1295. Similarly, SKYX Platforms Corp recorded 323,899 in trading volume during the last 100 days, posting a change of -12.33%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for SKYX stands at 4.62. Similarly, the long-term debt-to-equity ratio is also 3.30.
SKYX Stock Stochastic Average
Today, SKYX Platforms Corp’s raw stochastic average for the past 50 days stands at 26.76%, indicating a decline from the raw stochastic average of the last 20 days, which was 86.06%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 38.61% and 26.41% respectively.
SKYX Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -42.47%.However, over the last six months, we can see a stronger performance of -26.94%. Over the last 30 days, the price of SKYX has leaped by -0.39%. And in the last five days, it has surged by 5.31%.
