SKYX Should I Buy
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SKYX Platforms Corp is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock lacks strong upward momentum, and financial performance shows declining net income and EPS. While there are positive catalysts such as product launches and expanded distribution, the technical indicators and lack of proprietary trading signals suggest a cautious approach. Holding off on investment until stronger signals or improved financials emerge is advisable.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 34.951, and moving averages are converging, showing no clear trend. The stock is trading below the pivot level of 2.282, with key support at 2.034 and resistance at 2.529. Overall, the technical indicators suggest a weak trend with no clear buy signal.
SKYX plans to launch the SKYFAN and Turbo Heater at Walmart in 2026, which could drive significant growth.
A new brand page at Home Depot aims to enhance consumer awareness and drive sales growth.
Analyst Gerry Sweeney raised the price target to $5, citing progress on the company's roadmap, new product placements, and expanded distribution channels.
Financial performance shows declining net income (-8.33% YoY) and EPS (-12.50% YoY), which could weigh on investor confidence.
Technical indicators show bearish momentum with no clear upward trend.
In 2025/Q3, revenue increased by 7.77% YoY to $23,891,537, and gross margin improved to 31.68% (up 2.66% YoY). However, net income dropped by -8.33% YoY to -$7,902,926, and EPS declined by -12.50% YoY to -0.07, indicating profitability challenges.
Roth Capital analyst Gerry Sweeney raised the price target from $4.25 to $5 and maintained a Buy rating, citing progress on the company's roadmap, expanded distribution channels, and enhanced e-commerce strategy.
