In last trading session, SkyWater Technology Inc (NASDAQ:SKYT) saw 2.06 million shares changing hands with its beta currently measuring 3.43. Company’s recent per share price level of $12.38 trading at -$2.78 or -18.34% at ring of the bell on the day assigns it a market valuation of $589.98M. That closing price of SKYT’s stock is at a discount of -53.47% from its 52-week high price of $19.00 and is indicating a premium of 54.52% from its 52-week low price of $5.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.2 million shares which gives us an average trading volume of 799.19K if we extend that period to 3-months.
For SkyWater Technology Inc (SKYT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
SkyWater Technology Inc (NASDAQ:SKYT) trade information
Upright in the red during last session for losing -18.34%, in the last five days SKYT remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $12.38 price level, adding 26.92% to its value on the day. SkyWater Technology Inc’s shares saw a change of -10.29% in year-to-date performance and have moved -10.29% in past 5-day. SkyWater Technology Inc (NASDAQ:SKYT) showed a performance of 32.83% in past 30-days. Number of shares sold short was 2.43 million shares which calculate 5.31 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a fall of -37.56% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would jump 27.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.3% for stock’s current value.
SkyWater Technology Inc (SKYT) estimates and forecasts
Statistics highlight that SkyWater Technology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 73.63% of value to its shares in past 6 months, showing an annual growth rate of 70.59% while that of industry is -1.50. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
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 -231.04% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 72.59% while estimates for its earnings growth in next 5 years are of 20.00%.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
Insiders are in possession of 52.32% of company’s total shares while institution are holding 27.33 percent of that, with stock having share float percentage of 57.31%. Investors also watch the number of corporate investors in a company very closely, which is 27.33% institutions for SkyWater Technology Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SKYT for having 1.56 million shares of worth $11.96 million. And as of 2024-06-30, it was holding 3.3194 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.38 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9312 of outstanding shares, having a total worth of $10.56 million.
