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Upturn AI SWOT - About
SKYX Platforms Corp (SKYX)
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Upturn Advisory Summary
04/01/2025: SKYX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -55.92% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 124.87M USD | Price to earnings Ratio - | 1Y Target Price 3.12 |
Price to earnings Ratio - | 1Y Target Price 3.12 | ||
Volume (30-day avg) 437743 | Beta -3025.26 | 52 Weeks Range 0.72 - 2.13 | Updated Date 04/1/2025 |
52 Weeks Range 0.72 - 2.13 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.34 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -41.46% | Operating Margin (TTM) -44.34% |
Management Effectiveness
Return on Assets (TTM) -28.22% | Return on Equity (TTM) -283.03% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 156293493 | Price to Sales(TTM) 1.45 |
Enterprise Value 156293493 | Price to Sales(TTM) 1.45 | ||
Enterprise Value to Revenue 1.81 | Enterprise Value to EBITDA -13.02 | Shares Outstanding 104471000 | Shares Floating 66166990 |
Shares Outstanding 104471000 | Shares Floating 66166990 | ||
Percent Insiders 39.83 | Percent Institutions 8.08 |
Analyst Ratings
Rating 4.6 | Target Price 3.56 | Buy 2 | Strong Buy 3 |
Buy 2 | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
SKYX Platforms Corp
Company Overview
History and Background
SKYX Platforms Corp, formerly known as SG Blocks, Inc., was founded in 2007. The company initially focused on innovative construction solutions using repurposed shipping containers. Over time, the company shifted its focus towards smart home and building safety technologies. This evolution reflects a strategic pivot towards a higher-growth, higher-margin market.
Core Business Areas
- Smart Home Technology: SKYX develops and sells smart home safety and automation products, focusing on electrical safety and convenience. Their flagship product is the SKYX Smart Platform, including smart outlets and circuit breakers.
Leadership and Structure
Rani Kohen is the Executive Chairman and CEO. The company operates with a functional organizational structure, with departments focusing on engineering, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- SKYX Smart Platform: The SKYX Smart Platform includes a range of smart electrical products designed to enhance safety and convenience. This platform consists of smart outlets, smart circuit breakers, and related control systems. Currently, market share is negligible as the product is recently launched and gaining traction. Competitors include Leviton and Eaton in the electrical safety and automation space.
Market Dynamics
Industry Overview
The smart home market is experiencing rapid growth, driven by increasing consumer adoption of IoT devices and a growing emphasis on home safety and automation. The market is characterized by intense competition and technological innovation.
Positioning
SKYX Platforms Corp aims to differentiate itself through its focus on electrical safety and ease of installation. It seeks to establish a competitive advantage through its innovative product design and strategic partnerships.
Total Addressable Market (TAM)
The global smart home market is projected to reach hundreds of billions of dollars. SKYX is positioned to capture a portion of this market by focusing on electrical safety and automation. The TAM for electrical components specifically is approximately $24B.
Upturn SWOT Analysis
Strengths
- Innovative product design
- Focus on electrical safety
- Experienced leadership team
- Potential for strong growth in the smart home market
Weaknesses
- Limited brand recognition
- Small market share
- Dependence on strategic partnerships
- Limited financial resources
Opportunities
- Expanding smart home market
- Increasing consumer awareness of electrical safety
- Strategic partnerships with builders and retailers
- New product development
Threats
- Intense competition
- Technological obsolescence
- Economic downturn
- Regulatory changes
Competitors and Market Share
Key Competitors
- LEVT (Leviton)
- ETN (Eaton)
Competitive Landscape
SKYX faces competition from established players in the electrical equipment and smart home markets. Its competitive advantage lies in its innovative product design and focus on electrical safety. However, it must overcome its limited brand recognition and market share.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been limited, reflecting the company's strategic shift and product development phase.
Future Projections: Future growth projections are dependent on the successful launch and adoption of the SKYX Smart Platform. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include product development, strategic partnerships with builders and retailers, and marketing campaigns to increase brand awareness.
Summary
SKYX Platforms Corp is an emerging player in the smart home market with a focus on electrical safety. While their innovative products hold potential, they face significant challenges from established competitors. Their success hinges on effective execution of their growth strategy and securing strategic partnerships, needing to improve on brand recognition. The company is currently developing its product portfolio with the aim of becoming a key participant in the smart home market.
Similar Companies
- LEVT
- ETN
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Financial data is limited. Accuracy is not guaranteed. Investment decisions should be based on independent research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SKYX Platforms Corp
Exchange NASDAQ | Headquaters Pompano Beach, FL, United States | ||
IPO Launch date 2016-08-05 | Co-CEO & Director Mr. Leonard Jay Sokolow CPA, Econ., LL.M. | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 76 | Website https://www.skyplug.com |
Full time employees 76 | Website https://www.skyplug.com | ||
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. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.
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