Tom Nash
patreon
This Stock Increased Revenue By 700% and Gross Profit by 1,400% but the stock is down 70% this year
🕑 Added 2024-04-07 13:53:50 +0000 UTCDear Patreon community, I would like to show you a very interesting stock. It grew revenues by 675% over the past year, gross profit by 1,400%, but the stock has taken a dive over the past 12 months, dropping almost 70% in the past year.
The stock is SKYX Platform. It's a NASDAQ company, with a current market cap of $100 million dollar and a short interest of 7%.
Over the past 9 months, insiders have bought over 1 million of shares and only sold 60,000. Institutional shareholding went from 4.8 million shares in March 2023 to 11 million shares in Q4 of 2023.
It's trading at 1.7 times sales.
SKYX develops advanced-safe-smart platform technologies, which are sold in the consumer market, but the big opportunity here for them is in the B2B side, with home builders and construction companies, to use their products as part of new construction projects.
SKYX has over 77 pending and issued patents globally.
In 2023, SKYX and GE Signed a Five-Year deal of a global distribution of SKYX products by GE under its own brand.
As of April 7, 2024 SKYX is trading at $1.07 per share. The stock may drop significantly in the short term, perhaps even another 50% down to the $0.5 per share region, but long term, I see this as a $3 stock in 5 years on the base case, $9 on the optimistic scale and $15 on the extreme bull case.
Now obviously, nothing in this post constitutes tax, legal, financial and/or investment advice, nor does any information in this post constitute an invitation and/or solicitation to invest in a particular security. This post merely expresses my own opinion and should be viewed as such.
Before proceeding with any investments, you should do your own research and seek advice from an independent licensed professional. The author of this post does NOT accept liability for any investment decisions, as this post is provided only for educational and entertainment purposes.
Although the author has endeavored for the information in this post to be correct and accurate, he does NOT assume liability nor does he guarantee that the data will be updated, correct and/or accurate at all times.
Comments
PeterT
I been dollar cost averaging into this stock. After my research, this is a good play. The leaders are invited to speak at a lot of conferences. They are hiring away from Google and Apple.
Chad Stevens
I invested 100 shares worth. If I lose I lose, “don’t invest money you aren’t afraid to lose” like Tom says
Generico Fakero
🫡
Vince Alcouloumre
global destruction of SKYX products ?
Generico Fakero
Same to you M
Melvyn Douglas
Thanks for the update Tom, enjoy your weekend bro.
