Matrix Asset Advisors Inc. NY Boosts Holdings in SKYX Platforms Corp. (NASDAQ:SKYX)

Matrix Asset Advisors Inc. NY boosted its position in shares of SKYX Platforms Corp. (NASDAQ:SKYX) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,333 shares of the company’s stock after acquiring an additional 28,333 shares during the period. Matrix Asset Advisors Inc. NY owned 0.15% of SKYX Platforms worth $184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SKYX. Clear Harbor Asset Management LLC purchased a new position in shares of SKYX Platforms in the fourth quarter worth $408,000. Procyon Advisors LLC purchased a new position in shares of SKYX Platforms in the fourth quarter worth $241,000. Geode Capital Management LLC raised its holdings 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 worth $598,000 after buying an additional 121,358 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SKYX Platforms in the second quarter worth $79,000. Finally, XTX Topco Ltd purchased a new position in shares of SKYX Platforms in the third quarter worth $45,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

SKYX Platforms Trading Down 7.7 %

NASDAQ SKYX opened at $1.69 on Tuesday. The company has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $1.10. SKYX Platforms Corp. has a 12-month low of $0.72 and a 12-month high of $1.90. The company has a quick ratio of 0.47, a current ratio of 0.62 and a debt-to-equity ratio of 2.22.

SKYX Platforms (NASDAQ:SKYX) last issued its earnings results on Tuesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $22.17 million during the quarter, compared to analysts’ expectations 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 last year, the company posted ($0.08) earnings per share. On average, equities research analysts expect that SKYX Platforms Corp. will post -0.34 earnings per share for the current 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.