SkyWater Technology Inc (NASDAQ:SKYT)’s traded shares stood at 0.5 million during the latest session, with the company’s beta value hitting 3.72. At the last check today, the stock’s price was $9.43, to imply an increase of 14.30% or $1.18 in intraday trading. The SKYT share’s 52-week high remains $12.97, putting it -37.54% down since that peak but still an impressive 40.3% since price per share fell to its 52-week low of $5.63. The company has a valuation of $449.39M, with an average of 0.47 million shares in intraday trading volume over the past 10 days and average of 347.95K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for SkyWater Technology Inc (SKYT), translating to a mean rating of 1.40. Of 5 analyst(s) looking at the stock, 0 analyst(s) give SKYT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 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 -0.04.
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SkyWater Technology Inc (NASDAQ:SKYT) trade information
After registering a 14.30% upside in the latest session, SkyWater Technology Inc (SKYT) has traded red over the past five days. The 5-day price performance for the stock is 18.76%, and -4.65% over 30 days. With these gigs, the year-to-date price performance is -1.98%. Short interest in SkyWater Technology Inc (NASDAQ:SKYT) saw shorts transact 2.5 million shares and set a 6.31 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, SKYT has been trading 4.56% off suggested target high and 4.56% from its likely low.
SkyWater Technology Inc (SKYT) estimates and forecasts
Looking at statistics comparing SkyWater Technology Inc share performance against respective industry, we note that the company has outperformed competitors. SkyWater Technology Inc (SKYT) shares are 23.75% up over the last 6 months, with its year-to-date growth rate higher than industry average at 70.59% against -2.70%. The rating firms project that company’s revenue will grow 18.97% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 74.25M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 66.45M.Earnings reports from the last fiscal year show that sales brought in 79.15M and 79.64M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -6.20% before dropping -16.56% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -231.04% for the past 5-year period. While 2024 is set for a 72.94% return in earnings, projections for the next 5 years are at 20.00% annually.
SKYT Dividends
SkyWater Technology Inc has its next earnings report out in January. 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.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
SkyWater Technology Inc insiders hold 52.91% of total outstanding shares, with institutional holders owning 27.46% of the shares at 58.31% float percentage. In total, 27.46% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 1.56 million shares (or 3.3194% of shares), all amounting to roughly $11.96 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.38 million shares, or about 2.9312% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.56 million.
