SkyWater Technology Inc (NASDAQ:SKYT) has a beta value of 3.43 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $576.63M, closed the last trade at $12.10 per share which meant it lost -$3.06 on the day or -20.18% during that session. The SKYT stock price is -57.02% off its 52-week high price of $19.00 and 53.47% above the 52-week low of $5.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.1 million shares traded. The 3-month trading volume is 799.19K shares.
The consensus among analysts is that SkyWater Technology Inc (SKYT) is Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 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 -0.04.
SkyWater Technology Inc (NASDAQ:SKYT) trade information
Sporting -20.18% 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 SKYT stock price touched $12.10 or saw a rise of 28.57%. Year-to-date, SkyWater Technology Inc shares have moved -12.32%, while the 5-day performance has seen it change -12.32%. Over the past 30 days, the shares of SkyWater Technology Inc (NASDAQ:SKYT) have changed 29.83%. Short interest in the company has seen 2.43 million shares shorted with days to cover at 5.31.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -34.44% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is 25.62% off the targeted high while a plunge would see the stock lose 25.62% from current levels.
SkyWater Technology Inc (SKYT) estimates and forecasts
Figures show that SkyWater Technology Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 69.71% over the past 6 months, with this year growth rate of 70.59%, compared to -1.50% for the industry. Revenue growth from the last financial year stood is estimated to be 18.97%.
4 analysts offering their estimates for the company have set an average revenue estimate of 74.25M for the current quarter. 4 have an estimated revenue figure of 66.45M for the next ending quarter. Year-ago sales stood 79.15M and 79.64M respectively for this quarter and the next, and analysts expect sales will shrink by -6.20% for the current quarter and 18.97% for the next.
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 -231.04% over the past 5 years. Earnings growth for 2025 is a modest 72.59% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
SKYT Dividends
SkyWater Technology Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
Insiders own 52.32% of the company shares, while shares held by institutions stand at 27.35% with a share float percentage of 57.36%. Investors are also buoyed by the number of investors in a company, with SkyWater Technology Inc having a total of 165.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 1.56 million shares worth more than $11.96 million. As of 2024-06-30, BLACKROCK INC. held 3.3194% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.38 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.56 million and represent 2.9312% of shares outstanding.
