Akoustis Technologies Inc (NASDAQ:AKTS) has a beta value of 1.92 and has seen 51.5 million shares traded in the last trading session. The company, currently valued at $5.66M, closed the last trade at $0.04 per share which meant it lost -$0.03 on the day or -40.03% during that session. The AKTS stock price is -2875.0% off its 52-week high price of $1.19 and 0.0% above the 52-week low of $0.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.49 million shares traded. The 3-month trading volume is 20.95 million shares.
The consensus among analysts is that Akoustis Technologies Inc (AKTS) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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
Akoustis Technologies Inc (NASDAQ:AKTS) trade information
Sporting -40.03% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AKTS stock price touched $0.04 or saw a rise of 54.7%. Year-to-date, Akoustis Technologies Inc shares have moved -95.10%, while the 5-day performance has seen it change -52.44%. Over the past 30 days, the shares of Akoustis Technologies Inc (NASDAQ:AKTS) have changed -23.55%. Short interest in the company has seen 5.33 million shares shorted with days to cover at 0.54.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 99.43% from current levels. The projected low price target is $0.75 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -17400.0% off the targeted high while a plunge would see the stock gain -1775.0% from current levels.
Akoustis Technologies Inc (AKTS) estimates and forecasts
The company’s shares have lost -68.00% over the past 6 months, compared to -24.40% for the industry. Revenue growth from the last financial year stood is estimated to be 38.77%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -12.14% over the past 5 years.
AKTS Dividends
Akoustis Technologies Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Akoustis Technologies Inc (NASDAQ:AKTS)’s Major holders
Insiders own 3.32% of the company shares, while shares held by institutions stand at 14.03% with a share float percentage of 14.51%. Investors are also buoyed by the number of investors in a company, with Akoustis Technologies Inc having a total of 98.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 3.23 million shares worth more than $0.42 million. As of 2024-06-30, VANGUARD GROUP INC held 3.5335% of shares outstanding.
The other major institutional holder is TAYLOR FRIGON CAPITAL MANAGEMENT LLC, with the holding of over 2.79 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.37 million and represent 3.0613% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.42% shares in the company for having 2.19 shares of worth $89765.0 while later fund manager owns 996.18 shares of worth $40743.0 as of Sep 30, 2024 , which makes it owner of about 0.64% of company’s outstanding stock.
