During the last session, SkyWater Technology Inc (NASDAQ:SKYT)’s traded shares were 0.55 million, with the beta value of the company hitting 3.33. At the end of the trading day, the stock’s price was $10.97, reflecting an intraday loss of -2.92% or -$0.33. The 52-week high for the SKYT share is $19.00, that puts it down -73.2 from that peak though still a striking 48.68% gain since the share price plummeted to a 52-week low of $5.63. The company’s market capitalization is $522.78M, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 900.27K shares over the past three months.
SkyWater Technology Inc (SKYT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. SKYT has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it.
SkyWater Technology Inc (NASDAQ:SKYT) trade information
SkyWater Technology Inc (SKYT) registered a -2.92% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.92% in intraday trading to $10.97, hitting a weekly high. The stock’s 5-day price performance is -4.61%, and it has moved by -20.22% in 30 days. Based on these gigs, the overall price performance for the year is 13.21%. The short interest in SkyWater Technology Inc (NASDAQ:SKYT) is 2.06 million shares and it means that shorts have 1.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies a decrease of -21.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, SKYT is trading at a premium of 17.96% off the target high and 17.96% off the low.
SkyWater Technology Inc (SKYT) estimates and forecasts
Statistics show that SkyWater Technology Inc has outperformed its competitors in share price, compared to the industry in which it operates. SkyWater Technology Inc (SKYT) shares have gone up 51.94% during the last six months, with a year-to-date growth rate more than the industry average at 70.59% against -5.20.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -231.04%. While earnings are projected to return 72.94% in 2025.
SKYT Dividends
SkyWater Technology Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
SkyWater Technology Inc insiders own 51.42% of total outstanding shares while institutional holders control 27.36%, with the float percentage being 56.33%. BLACKROCK INC. is the largest shareholder of the company, while 170.0 institutions own stock in it. As of 2024-06-30, the company held over 1.56 million shares (or 3.3194% of all shares), a total value of $11.96 million in shares.
The next largest institutional holding, with 1.38 million shares, is of VANGUARD GROUP INC’s that is approximately 2.9312% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.56 million.
Also, the Mutual Funds coming in first place with the largest holdings of SkyWater Technology Inc (SKYT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 815.62 shares. This amounts to just over 1.71 percent of the company’s overall shares, with a $8.95 million market value. The same data shows that the other fund manager holds slightly less at 717.16, or about 1.50% of the stock, which is worth about $7.87 million.
