SkyAI, Inc. Common Stock (NASDAQ:SKYA) Shares Up 0.7% – Should You Buy?

Shares of SkyAI, Inc. Common Stock (NASDAQ:SKYA) were up 0.7% during mid-day trading on Tuesday. The company traded as high as $2.93 and last traded at $2.91. Approximately 1,519,342 shares traded hands during trading, The stock had previously closed at $2.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

SkyAI, Inc. Common Stock Stock Down 0.7%

The stock has a market capitalization of $126.72 million, a price-to-earnings ratio of -1.80 and a beta of 1.98. The firm has a 50-day moving average of $1.87 and a two-hundred day moving average of $1.67.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company had revenue of $2.32 million during the quarter.

Institutional Trading of SkyAI, Inc. Common Stock

An institutional investor recently bought a new stake in SkyAI, Inc. Common Stock stock. Cannell & Spears LLC purchased a new position in shares of SkyAI, Inc. Common Stock (NASDAQ:SKYA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,138 shares of the company’s stock, valued at approximately $141,000. Cannell & Spears LLC owned 0.22% of SkyAI, Inc. Common Stock as of its most recent filing with the Securities and Exchange Commission (SEC). 17.17% of the stock is currently owned by hedge funds and other institutional investors.

About SkyAI, Inc. Common Stock

SkyAI Inc is developing financial technology platforms focused on users in emerging markets. Its operations include the use of stablecoin-based payment infrastructure and artificial intelligence (AI) technologies to provide financial access, educational tools, and data analysis services for users in Asia, Latin America, and Africa. The company’s platform will utilize the Solana blockchain network to support digital asset and on-chain data applications.