In last trading session, Akoustis Technologies Inc (NASDAQ:AKTS) saw 20.01 million shares changing hands with its beta currently measuring 1.89. Company’s recent per share price level of $0.11 trading at $0.01 or 12.24% at ring of the bell on the day assigns it a market valuation of $19.09M. That closing price of AKTS’s stock is at a discount of -981.82% from its 52-week high price of $1.19 and is indicating a premium of 63.64% from its 52-week low price of $0.04. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 75.63 million shares which gives us an average trading volume of 20.40 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.
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Akoustis Technologies Inc (NASDAQ:AKTS) trade information
Upright in the green during last session for gaining 12.24%, in the last five days AKTS remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $0.11 price level, adding 5.17% to its value on the day. Akoustis Technologies Inc’s shares saw a change of -86.81% in year-to-date performance and have moved 26.29% in past 5-day. Akoustis Technologies Inc (NASDAQ:AKTS) showed a performance of 70.28% in past 30-days. Number of shares sold short was 5.33 million shares which calculate 0.54 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 98.43% 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 -581.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of -581.82% for stock’s current value.
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 14.03 percent of that, with stock having share float percentage of 14.51%. Investors also watch the number of corporate investors in a company very closely, which is 14.03% 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.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.19 shares of worth $0.24 million or 1.42% of the total outstanding shares. The later fund manager was in possession of 996.18 shares on Jun 30, 2024 , making its stake of worth around $0.11 million in the company or a holder of 0.64% of company’s stock.
