During the last session, SkyWater Technology Inc (NASDAQ:SKYT)’s traded shares were 0.33 million, with the beta value of the company hitting 3.93. At the end of the trading day, the stock’s price was $9.80, reflecting an intraday loss of -0.10% or -$0.01. The 52-week high for the SKYT share is $12.97, that puts it down -32.35 from that peak though still a striking 51.73% gain since the share price plummeted to a 52-week low of $4.73. The company’s market capitalization is $465.30M, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 352.16K shares over the past three months.
SkyWater Technology Inc (SKYT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. SKYT has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SkyWater Technology Inc (NASDAQ:SKYT) trade information
SkyWater Technology Inc (SKYT) registered a -0.10% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.10% in intraday trading to $9.80, hitting a weekly high. The stock’s 5-day price performance is -6.49%, and it has moved by 16.81% in 30 days. Based on these gigs, the overall price performance for the year is 98.38%. The short interest in SkyWater Technology Inc (NASDAQ:SKYT) is 2.24 million shares and it means that shorts have 9.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 34.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $20 respectively. As a result, SKYT is trading at a discount of -104.08% off the target high and 8.16% off the low.
SkyWater Technology Inc (SKYT) estimates and forecasts
Statistics show that SkyWater Technology Inc has outperformed its competitors in share price, compared to the industry in which it operates. SkyWater Technology Inc (SKYT) shares have gone down -4.20% during the last six months, with a year-to-date growth rate more than the industry average at 41.18% against -4.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then drop -50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 21.20% 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 94.59M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 79.97M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 71.62M and 79.15M respectively. In this case, analysts expect current quarter sales to grow by 32.10% and then jump by 1.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -231.04%. While earnings are projected to return 36.47% in 2024, the next five years will return 20.00% per annum.
SKYT Dividends
SkyWater Technology Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
SkyWater Technology Inc insiders own 53.14% of total outstanding shares while institutional holders control 24.71%, with the float percentage being 52.72%. BLACKROCK INC. is the largest shareholder of the company, while 146.0 institutions own stock in it. As of 2024-06-30, the company held over 1.56 million shares (or 3.3194% of all shares), a total value of $11.96 million in shares.
The next largest institutional holding, with 1.38 million shares, is of VANGUARD GROUP INC’s that is approximately 2.9312% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.56 million.
