SKYX Stock Summary and Trading Ideas (SKYX Platforms Corp. | NASDAQ:SKYX)

SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. Its technology consists of a weight-bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post, and is capable of feeding electric power to an appliance. It generates its income from lighting and heating products sold in the USA.

SKYX Platforms Corp. trades on the NASDAQ stock market under the symbol SKYX.

As of June 2, 2026, SKYX stock price climbed to $1.25 with 1,668,201 million shares trading.

SKYX has a beta of 2.88, meaning it tends to be more sensitive to market movements. SKYX has a correlation of 0.17 to the broad based SPY ETF.

SKYX has a market cap of $168.11 million. This is considered a Micro Cap stock.

Last quarter SKYX Platforms Corp. reported $22 million in Revenue and -$.07 earnings per share. This beat revenue expectation by $154,000 and missed earnings estimates by -$.01.

In the last 3 years, SKYX traded as high as $3.31 and as low as $.72.

The top ETF exchange traded funds that SKYX belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

SKYX has underperformed the market in the last year with a return of -3.1%, while the SPY ETF gained +30.1%. In the last 3 month period, SKYX fell short of the market, returning -35.2%, while SPY returned +11.0%. However, in the most recent 2 weeks SKYX has outperformed the stock market by returning +16.3%, while SPY returned +2.8%.

SKYX support price is $1.10 and resistance is $1.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKYX shares will trade within this expected range on the day.