SkyAI, Inc. Common Stock (NASDAQ:SKYA) Shares Up 3.5% – Here’s What Happened

SkyAI, Inc. Common Stock (NASDAQ:SKYA)’s share price rose 3.5% during trading on Thursday . The company traded as high as $1.1950 and last traded at $1.18. Approximately 107,632 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 346,095 shares. The stock had previously closed at $1.14.

Wall Street Analyst Weigh In

SKYA has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Weiss Ratings restated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SkyAI, Inc. Common Stock currently has a consensus rating of “Sell”.

SkyAI, Inc. Common Stock Stock Up 3.5%

The firm has a market cap of $49.94 million, a P/E ratio of -0.72 and a beta of 2.10. The stock’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.74.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($1.19) earnings per share for the quarter. The business had revenue of $0.19 million during the quarter.

Institutional Investors Weigh In On SkyAI, Inc. Common Stock

A number of hedge funds have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC acquired a new position in SkyAI, Inc. Common Stock in the third quarter valued at approximately $9,404,000. Bank of America Corp DE boosted its holdings in shares of SkyAI, Inc. Common Stock by 98,825.0% during the 3rd quarter. Bank of America Corp DE now owns 7,914 shares of the company’s stock worth $52,000 after buying an additional 7,906 shares in the last quarter. Pantera Capital Partners LP bought a new position in shares of SkyAI, Inc. Common Stock during the 3rd quarter worth approximately $7,498,000. Geode Capital Management LLC grew its position in shares of SkyAI, Inc. Common Stock by 2,349.9% during the 4th quarter. Geode Capital Management LLC now owns 280,372 shares of the company’s stock worth $569,000 after buying an additional 268,928 shares during the period. Finally, T3 Companies LLC acquired a new stake in shares of SkyAI, Inc. Common Stock during the 4th quarter worth approximately $68,000. 17.17% of the stock is currently owned by institutional investors.

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.