SkyAI, Inc. Common Stock (NASDAQ:SKYA) Announces Quarterly Earnings Results

SkyAI, Inc. Common Stock (NASDAQ:SKYA) released its quarterly earnings results on Friday. The company reported ($0.32) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.32 million during the quarter.

SkyAI, Inc. Common Stock Stock Performance

Shares of SkyAI, Inc. Common Stock stock opened at $1.21 on Friday. SkyAI, Inc. Common Stock has a fifty-two week low of $0.91 and a fifty-two week high of $18.23. The company has a market capitalization of $51.21 million, a P/E ratio of -0.74 and a beta of 2.06. The company has a fifty day moving average of $1.23 and a 200 day moving average of $1.61.

Hedge Funds Weigh In On SkyAI, Inc. Common Stock

Several large investors have recently made changes to their positions in SKYA. Bank of America Corp DE grew its position in shares of SkyAI, Inc. Common Stock by 98,825.0% during the third quarter. Bank of America Corp DE now owns 7,914 shares of the company’s stock worth $52,000 after purchasing an additional 7,906 shares in the last quarter. Aristides Capital LLC purchased a new position in SkyAI, Inc. Common Stock in the 4th quarter worth approximately $25,000. J.Safra Asset Management Corp bought a new position in SkyAI, Inc. Common Stock in the 2nd quarter worth approximately $6,657,000. Price T Rowe Associates Inc. MD purchased a new stake in SkyAI, Inc. Common Stock during the 4th quarter valued at approximately $43,000. Finally, T3 Companies LLC bought a new stake in shares of SkyAI, Inc. Common Stock during the fourth quarter valued at approximately $68,000. 17.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SKYA has been the topic of several recent research reports. Wall Street Zen downgraded SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

SkyAI, Inc. Common Stock Company Profile

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.