SKYX Platforms Stock Target Price and Analyst Consensus

SKYX Stock  USD 0.98  0.01  0.64%   
The current analyst and expert consensus on SKYX Platforms is Strong Buy, with 3 strong buy opinions. The current projected SKYX Platforms target price consensus is 5.00 with 5 analyst opinions. Check out Macroaxis Advice on SKYX Platforms to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
The most common way SKYX Platforms Corp analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview SKYX Platforms executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on SKYX Platforms. We strongly encourage you to use your own analysis of SKYX Platforms Corp to validate this buy or sell advice. SKYX Platforms buy-or-sell recommendation module provides average expert sentiment on the projected SKYX Platforms Corp target price to derive its highest and lowest estimates based on projected price volatility of 6.0652.
Lowest Forecast
4.55
Highest Forecast
5.55
Target Price
5
At this time, SKYX Platforms' Gross Profit is fairly stable compared to the past year. Gross Profit Margin is likely to rise to 0.32 in 2024, whereas Pretax Profit Margin is likely to drop (0.71) in 2024. At this time, SKYX Platforms' Non Currrent Assets Other are fairly stable compared to the past year. Cash And Short Term Investments is likely to rise to about 17.7 M in 2024, despite the fact that Retained Earnings are likely to grow to (138.5 M).
  
It's important to approach SKYX Platforms' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize SKYX Platforms price targets

SKYX Platforms' stock target price is an estimate of its future price, usually made by analysts. Using SKYX Platforms' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at SKYX Platforms' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if SKYX Platforms' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional SKYX Platforms Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of SKYX Platforms is a key component of SKYX Platforms valuation and have some predictive power on the future returns of a SKYX Platforms.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SKYX Platforms' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.050.997.06
Details
Intrinsic
Valuation
LowRealHigh
0.101.968.03
Details
Naive
Forecast
LowNextHigh
0.020.926.98
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.08-0.08-0.08
Details

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Additional Tools for SKYX Stock Analysis

When running SKYX Platforms' price analysis, check to measure SKYX Platforms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SKYX Platforms is operating at the current time. Most of SKYX Platforms' value examination focuses on studying past and present price action to predict the probability of SKYX Platforms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKYX Platforms' price. Additionally, you may evaluate how the addition of SKYX Platforms to your portfolios can decrease your overall portfolio volatility.