SkyAI, Inc. Common Stock (NASDAQ:SKYA) Trading 1.8% Higher – What’s Next?

SkyAI, Inc. Common Stock (NASDAQ:SKYA)’s stock price was up 1.8% during mid-day trading on Thursday . The company traded as high as $1.1698 and last traded at $1.13. Approximately 225,489 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 270,171 shares. The stock had previously closed at $1.11.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SKYA shares. Weiss Ratings restated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Tuesday, April 21st. Wall Street Zen lowered shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

SkyAI, Inc. Common Stock Trading Up 1.8%

The stock’s 50 day moving average price is $1.68 and its 200 day moving average price is $1.96. The company has a market cap of $47.82 million, a price-to-earnings ratio of -0.69 and a beta of 2.04.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($1.19) EPS for the quarter. The firm had revenue of $0.19 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. increased its stake in shares of SkyAI, Inc. Common Stock by 645.7% during the 1st quarter. Saba Capital Management L.P. now owns 1,511,988 shares of the company’s stock valued at $2,540,000 after acquiring an additional 1,309,236 shares during the last quarter. Cannell & Spears LLC acquired a new position in shares of SkyAI, Inc. Common Stock during the 1st quarter valued at about $141,000. Aristides Capital LLC acquired a new position in shares of SkyAI, Inc. Common Stock during the 4th quarter valued at about $25,000. Feynman Point Asset Management LLC acquired a new position in shares of SkyAI, Inc. Common Stock during the 4th quarter valued at about $1,121,000. Finally, Arrington Capital Management LLC acquired a new position in shares of SkyAI, Inc. Common Stock during the 4th quarter valued at about $1,874,000. Institutional investors and hedge funds own 17.17% of the company’s stock.

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.