How to Buy Skyx Platforms Stock
Skyx Platforms Corp
SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box; and second-generation technology provides a platform that is designed to enhance safety and lifestyle of homes and other buildings.
Skyx Platforms stock last closed at $1.03, up 0% from the previous day, and has decreased 70.57% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 1 percentage points. Skyx Platforms stock is currently +42.46% from its 52-week low of $0.72, and -72.68% from its 52-week high of $3.77.
As of Apr 30, 2024, there are 96.87M shares of SKYX outstanding. The market value of SKYX is $99.78M. In the last 24 hours, 198,282 SKYX shares were traded.
How to Buy Skyx Platforms Stock
Not sure how to invest in Skyx Platforms stock? Here's how.
- Choose where to buy Skyx Platforms stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Skyx Platforms stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your information.
- Analyze Skyx Platforms stock: The Skyx Platforms ticker symbol is SKYX. Is Skyx Platforms stock a good investment? Should you buy shares of SKYX? How do SKYX's underlying business fundamentals look? Do top analysts think Skyx Platforms is a good buy? Why has SKYX's stock price moved recently? (Hint: Our stock market research website can help you evaluate if SKYX is a good stock to buy).
- Make your SKYX purchase: Decide if you will purchase SKYX shares at the current market price or use a limit order to purchase SKYX stock at a specific price.
- Get the latest scoop on your investment in SKYX: Create a watchlist to get live updates on your position in Skyx Platforms shares.
Step 1: Choose where to buy Skyx Platforms stock
You need an online brokerage account in order to access the NASDAQ market and buy SKYX shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal information so you can buy SKYX today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help depositing money into your new investment account.
Step 4: Analyze Skyx Platforms stock
After you have chosen the best place to buy Skyx Platforms stock, it's absolutely critical to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.
Overview of key SKYX info
Skyx Platforms Zen Score
WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on SKYX's stock page.
Is SKYX stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge SKYX's true value.
Using relative valuations ratios:
- SKYX could be overvalued based on its P/B ratio of 6.15x, relative to Electrical Equipment & Parts industry P/B ratio of 4.18x
You can access more valuation analysis on SKYX's stock here.
SKYX Financial Summary
Signs that SKYX is financially healthy:
- There are more short-term assets than short-term liabilities on the SKYX balance sheet.
- Total SKYX debt is lower than 5 years ago, relative to shareholder equity.
- SKYX has cash burn of 12987879. It has enough cash and short-term investments to cover this for at least one year.
Signs that SKYX is not financially healthy:
- SKYX has a relatively high debt to equity ratio of 3.71.
- There are more long-term liabilities than short-term assets on the SKYX balance sheet.
- SKYX has $19.56M in cash and short term investments. This is not sufficient to cover its annual cash burn of $12.99M.
- SKYX profit margin has gone up by 992.41 percentage points in the past year, but the company is still unprofitable.
Is SKYX stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Equities analysts who give ratings on SKYX, the consensus analyst rating on Skyx Platforms is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Skyx Platforms stock forecast page.
SKYX Trading Indicators
SKYX Revenue
Last year, SKYX revenue was $58.79M. Over the past five year, SKYX's revenue has gone up by 50.16% per year. This was faster than the Electrical Equipment & Parts industry average of 9.05%.
Dive into SKYX's earnings and revenue performance here.
What are SKYX executives and large shareholders up to?
In the last year, insiders at SKYX have sold more shares than they have bought.
Marc Andre Boisseau, Chief Financial Officer of SKYX, was the latest SKYX insider to sell. They sold $19,288.80 worth of SKYX stock on Apr 5, 2024.
Get more info about who owns SKYX shares here.
Does SKYX stock generate passive income?
No, Skyx Platforms doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your SKYX purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, use a limit order.
Click the Open Trade button and your broker will place the order.
If you require more info about investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your investment in SKYX
Now that you own some SKYX stock, you'll want to keep up with your company.
Put SKYX on a watchlist to keep tabs on your SKYX stock.
SKYX Feed
How to Buy Stock in Skyx Platforms
To summarize, here are the 6 steps you need to take to buy Skyx Platforms stock right now:
- Choose where to buy Skyx Platforms stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Analyze Skyx Platforms stock
- Make your SKYX purchase
- Get the latest scoop on your investment in SKYX
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your investment in Skyx Platforms, get started below.
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