Noble Financial Comments on SKYX Platforms Q2 Earnings

SKYX Platforms Corp. (NASDAQ:SKYX) – Noble Financial issued their Q2 2026 earnings estimates for shares of SKYX Platforms in a research note issued to investors on Tuesday, May 12th. Noble Financial analyst J. Gomes forecasts that the company will post earnings of ($0.07) per share for the quarter. Noble Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.22) per share. Noble Financial also issued estimates for SKYX Platforms’ Q3 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.27) EPS and FY2027 earnings at ($0.20) EPS.

SKYX has been the topic of a number of other reports. Wall Street Zen downgraded shares of SKYX Platforms from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SKYX Platforms in a report on Tuesday, April 21st. Roth Mkm reiterated a “buy” rating and set a $5.00 price target (up from $4.25) on shares of SKYX Platforms in a report on Thursday, January 22nd. Finally, Lake Street Capital assumed coverage on shares of SKYX Platforms in a report on Thursday, March 5th. They set a “buy” rating and a $5.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.00.

SKYX Platforms Stock Performance

SKYX Platforms stock opened at $1.14 on Friday. The company’s 50-day moving average price is $1.36 and its 200-day moving average price is $1.86. SKYX Platforms has a twelve month low of $0.96 and a twelve month high of $3.29. The company has a quick ratio of 0.45, a current ratio of 1.70 and a debt-to-equity ratio of 1.37. The company has a market cap of $152.89 million, a PE ratio of -3.93 and a beta of -3,565.99.

SKYX Platforms (NASDAQ:SKYX) last posted its earnings results on Monday, May 11th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $22.09 million during the quarter, compared to the consensus estimate of $21.98 million.

Hedge Funds Weigh In On SKYX Platforms

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. purchased a new stake in SKYX Platforms in the 2nd quarter valued at about $34,000. Vise Technologies Inc. purchased a new stake in SKYX Platforms in the 4th quarter valued at about $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in SKYX Platforms in the 2nd quarter valued at about $35,000. JPMorgan Chase & Co. boosted its position in SKYX Platforms by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock valued at $45,000 after buying an additional 9,647 shares during the period. Finally, Quadrature Capital Ltd boosted its position in SKYX Platforms by 50.5% in the 4th quarter. Quadrature Capital Ltd now owns 22,577 shares of the company’s stock valued at $49,000 after buying an additional 7,575 shares during the period. 11.79% of the stock is currently owned by institutional investors.

Key Headlines Impacting SKYX Platforms

Here are the key news stories impacting SKYX Platforms this week:

• Positive Sentiment: Noble Financial upgraded SKYX to Strong-Buy and reiterated estimates showing expected losses narrowing over time, including FY2027 EPS of ($0.20). SKYX Platforms stock page
• Positive Sentiment: Litchfield Hills Research raised near-term estimates for Q2 2026 to ($0.06), Q3 2026 to ($0.03), and Q4 2026 to ($0.03), suggesting improving expectations for the business. SKYX Platforms stock page
• Positive Sentiment: Litchfield Hills also lifted its FY2026 estimate to ($0.20) from ($0.22), a modest improvement versus prior forecasts and the broader consensus of ($0.22). SKYX Platforms stock page
• Neutral Sentiment: Analyst notes also included longer-term estimate changes, including higher FY2027 and FY2030 forecasts from some reports, but these are less likely to move the stock immediately than the near-term revisions. SKYX Platforms stock page

SKYX Platforms Company Profile

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.