During the recent session, Akoustis Technologies Inc (NASDAQ:AKTS)’s traded shares were 11.55 million, with the beta value of the company hitting 1.60. The 52-week high for the AKTS share is $3.24, that puts it down -2214.29 from that peak though still a striking 21.43% gain since the share price plummeted to a 52-week low of $0.11. The company’s market capitalization is $15.28M, and the average trade volume was 12.81 million shares over the past three months.
Akoustis Technologies Inc (NASDAQ:AKTS) trade information
Akoustis Technologies Inc (AKTS) registered a 2.56% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.56% in intraday trading to $0.14, hitting a weekly high. The stock’s 5-day price performance is 13.73%, and it has moved by -33.49% in 30 days. Based on these gigs, the overall price performance for the year is -95.53%.
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Akoustis Technologies Inc (AKTS) estimates and forecasts
Statistics show that Akoustis Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Akoustis Technologies Inc (AKTS) shares have gone down -86.79% during the last six months, with a year-to-date growth rate more than the industry average at 20.45% against -2.80. In the rating firms’ projections, revenue will increase 6.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.32M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 8.03M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.80%. While earnings are projected to return 19.60% in 2024.
AKTS Dividends
Akoustis Technologies Inc is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
