Akoustis Technologies Inc (NASDAQ:AKTS)’s traded shares stood at 12.03 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $0.07, to imply an increase of 0.59% or $0.0 in intraday trading. The AKTS share’s 52-week high remains $1.19, putting it -1600.0% down since that peak but still an impressive 28.57% since price per share fell to its 52-week low of $0.05. The company has a valuation of $10.48M, with an average of 7.77 million shares in intraday trading volume over the past 10 days and average of 9.79 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Akoustis Technologies Inc (AKTS), translating to a mean rating of 1.00. Of 8 analyst(s) looking at the stock, 1 analyst(s) give AKTS a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.
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Akoustis Technologies Inc (NASDAQ:AKTS) trade information
After registering a 0.59% upside in the last session, Akoustis Technologies Inc (AKTS) has traded red over the past five days. The 5-day price performance for the stock is -4.64%, and -3.14% over 30 days. With these gigs, the year-to-date price performance is -91.87%. Short interest in Akoustis Technologies Inc (NASDAQ:AKTS) saw shorts transact 1.41 million shares and set a 0.12 days time to cover.
The extremes give us $0.75 and $7 for target low and target high price respectively. As such, AKTS has been trading -9900.0% off suggested target high and -971.43% from its likely low.
Akoustis Technologies Inc (AKTS) estimates and forecasts
Revenue is forecast to grow 47.60% this quarter before jumping 61.50% for the next one. The rating firms project that company’s revenue will grow 1.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 5.86M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 8.03M.
AKTS Dividends
Akoustis Technologies Inc has its next earnings report out on 2024-Oct-08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Akoustis Technologies Inc (NASDAQ:AKTS)’s Major holders
Akoustis Technologies Inc insiders hold 3.32% of total outstanding shares, with institutional holders owning 14.95% of the shares at 15.47% float percentage. In total, 14.95% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 3.23 million shares (or 3.5335% of shares), all amounting to roughly $0.42 million.
The next major institution holding the largest number of shares is TAYLOR FRIGON CAPITAL MANAGEMENT LLC with 2.79 million shares, or about 3.0613% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.37 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Akoustis Technologies Inc (AKTS) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 2.19 shares. This is just over 1.42% of the total shares, with a market valuation of $0.15 million. Data from the same date shows that the other fund manager holds a little less at 996.18, or 0.64% of the shares, all valued at about 67541.0.
