In last trading session, Akoustis Technologies Inc (NASDAQ:AKTS) saw 6.88 million shares changing hands with its beta currently measuring 1.65. Company’s recent per share price level of $0.07 trading at $0.0 or -6.19% at ring of the bell on the day assigns it a market valuation of $10.31M. That closing price of AKTS’s stock is at a discount of -1600.0% from its 52-week high price of $1.19 and is indicating a premium of 28.57% from its 52-week low price of $0.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.4 million shares which gives us an average trading volume of 9.61 million if we extend that period to 3-months.
For Akoustis Technologies Inc (AKTS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.11 in the current quarter.
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Akoustis Technologies Inc (NASDAQ:AKTS) trade information
Upright in the red during last session for losing -6.19%, in the last five days AKTS remained trading in the red while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $0.07 price level, adding 12.5% to its value on the day. Akoustis Technologies Inc’s shares saw a change of -92.00% in year-to-date performance and have moved -11.19% in past 5-day. Akoustis Technologies Inc (NASDAQ:AKTS) showed a performance of 12.67% in past 30-days. Number of shares sold short was 1.41 million shares which calculate 0.12 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 99.0% to its current value. Analysts have been projecting 0.75 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -971.43% in reaching the projected high whereas dropping to the targeted low would mean a loss of -971.43% for stock’s current value.
Akoustis Technologies Inc (AKTS) estimates and forecasts
This year revenue growth is estimated to rise 1.00% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.86M for the same. And 3 analysts are in estimates of company making revenue of 8.03M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -12.14% during past 5 years.
Akoustis Technologies Inc (NASDAQ:AKTS)’s Major holders
Insiders are in possession of 3.32% of company’s total shares while institution are holding 14.98 percent of that, with stock having share float percentage of 15.49%. Investors also watch the number of corporate investors in a company very closely, which is 14.98% institutions for Akoustis Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AKTS for having 3.23 million shares of worth $0.42 million. And as of 2024-06-30, it was holding 3.5335 of the company’s outstanding shares.
The second largest institutional holder is TAYLOR FRIGON CAPITAL MANAGEMENT LLC, which was holding about 2.79 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.0613 of outstanding shares, having a total worth of $0.37 million.
