SKYH Should I Buy
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Not a good buy right now. SKYH is in a clear short-term downtrend (bearish moving-average stack and weakening MACD). While the stock is near support (~9.00) and could bounce, there is no Intellectia buy signal today and the trend has not confirmed a reversal. For an impatient buyer looking to enter immediately, the risk of further downside/back-and-fill is higher than the near-term upside.
Trend is bearish: SMA_200 > SMA_20 > SMA_5 confirms downward structure. MACD histogram (-0.0401) is below zero and negatively expanding, signaling downside momentum still building. RSI_6 ~29.99 is near oversold, which can support a short-lived bounce, but it is not a confirmed reversal by itself. Key levels: Support S1=9.004 then S2=8.781; resistance/pivot at 9.365, then R1=9.726. With price at 9.13 (below pivot), the setup favors selling pressure unless it reclaims 9.37 and holds.
News flow is constructive and event-driven: the 2026 Aviation Facilities Project bond issuance was upsized to $150M from $100M due to strong demand, with ~ $450M of orders from 18 institutional investors. Funding supports new hangar construction at multiple airports and is backed by a $200M J.P. Morgan facility—signals confidence in the growth buildout and improves near-term project funding visibility. Analyst view remains Buy with a $14 target (even after a modest trim).
Despite revenue growth, profitability and margins deteriorated materially in the latest reported quarter, which can keep pressure on the stock until operating leverage shows up. The expansion is being funded with additional debt (bonds at 6.0% yield), increasing fixed obligations; if utilization/lease-up is slower than expected, leverage can weigh on sentiment. Technically, momentum remains negative and the stock is trading below key resistance (pivot 9.365).
2025/Q3: Revenue grew to $7.30M (+78.23% YoY), showing strong top-line momentum. However, net income fell to -$1.88M (down -89.88% YoY), EPS to -$0.06 (down -91.89% YoY), and gross margin declined to 68.38% (down -31.62% YoY). The business is growing, but profitability/margins are moving the wrong way in the latest quarter, which reduces near-term attractiveness as an immediate buy.
Recent Street action: Alliance Global (2025-11-13) maintained a Buy rating but slightly lowered the price target to $14 from $14.50 after Q3 updates—mildly softer near-term expectations, but still a constructive long-term view. Wall Street pros: strong growth runway and funded expansion/lease-up story. Cons: earnings losses and margin compression, plus higher leverage from ongoing buildout financing. Other flows: hedge funds neutral, insiders neutral; no recent Congress trading data reported.
