In recent trading session, SkyWater Technology Inc (NASDAQ:SKYT) saw 0.51 million shares changing hands at last check today with its beta currently measuring 3.88. Company’s recent per share price level of $9.79 trading at -$0.64 or -6.14% at last check today assigns it a market valuation of $464.82M. That most recent trading price of SKYT’s stock is at a discount of -32.48% from its 52-week high price of $12.97 and is indicating a premium of 46.58% from its 52-week low price of $5.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.39 million shares which gives us an average trading volume of 352.36K if we extend that period to 3-months.
For SkyWater Technology Inc (SKYT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 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 -0.02 in the current quarter.
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SkyWater Technology Inc (NASDAQ:SKYT) trade information
Upright in the red during last session for losing -6.14%, in the last five days SKYT remained trading in the red while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $9.79 price level, adding 14.87% to its value on the day. SkyWater Technology Inc’s shares saw a change of 1.77% in year-to-date performance and have moved -0.10% in past 5-day. SkyWater Technology Inc (NASDAQ:SKYT) showed a performance of 4.59% in past 30-days. Number of shares sold short was 2.24 million shares which calculate 9.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 34.73% to its recent value today. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 8.07% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.07% for stock’s current value.
SkyWater Technology Inc (SKYT) estimates and forecasts
Statistics highlight that SkyWater Technology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 28.14% of value to its shares in past 6 months, showing an annual growth rate of 41.18% while that of industry is -4.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 21.20% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 93.82M for the same. And 5 analysts are in estimates of company making revenue of 79.97M in the next quarter. Company posted 71.62M and 79.15M of sales in current and next quarters respectively a year earlier.
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 -231.04% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 70.24% while estimates for its earnings growth in next 5 years are of 20.00%.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
Insiders are in possession of 53.14% of company’s total shares while institution are holding 24.67 percent of that, with stock having share float percentage of 52.64%. Investors also watch the number of corporate investors in a company very closely, which is 24.67% institutions for SkyWater Technology Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SKYT for having 1.56 million shares of worth $11.96 million. And as of 2024-06-30, it was holding 3.3194 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.38 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9312 of outstanding shares, having a total worth of $10.56 million.
