In the latest trading session, 4.87 million Akoustis Technologies Inc (NASDAQ:AKTS) shares changed hands as the company’s beta touched 1.91. With the company’s most recent per share price at $0.10 changing hands around $0.0 or -1.48% at last look, the market valuation stands at $14.15M. AKTS’s current price is a discount, trading about -1090.0% off its 52-week high of $1.19. The share price had its 52-week low at $0.04, which suggests the last value was 60.0% up since then. When we look at Akoustis Technologies Inc’s average trading volume, we note the 10-day average is 73.34 million shares, with the 3-month average coming to 20.90 million.
Analysts gave the Akoustis Technologies Inc (AKTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended AKTS as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Akoustis Technologies Inc (NASDAQ:AKTS) trade information
Instantly AKTS was in red as seen in intraday trades today. With action -0.99%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -88.06%, with the 5-day performance at -0.99% in the red. However, in the 30-day time frame, Akoustis Technologies Inc (NASDAQ:AKTS) is 78.18% up. Looking at the short shares, we see there were 5.33 million shares sold at short interest cover period of 0.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 98.57% from its recent market value. According to analyst projections, AKTS’s forecast low is 0.75 with 7 as the target high. To hit the forecast high, the stock’s price needs a -6900.0% plunge from its current level, while the stock would need to soar -650.0% for it to hit the projected low.
Akoustis Technologies Inc (NASDAQ:AKTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.32% of Akoustis Technologies Inc shares while 14.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 14.51%. There are 14.03% institutions holding the Akoustis Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.5335% of the shares, roughly 3.23 million AKTS shares worth $0.42 million.
TAYLOR FRIGON CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 3.0613% or 2.79 million shares worth $0.37 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 2.19 shares estimated at $0.22 million under it, the former controlled 1.42% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.64% of the shares, roughly 996.18 shares worth around $0.1 million.
