SkyWater Technology Inc (NASDAQ:SKYT) Has Already Recovered 41.84%, But Another -96.28% Drop Cannot Be Ruled Out.

In last trading session, SkyWater Technology Inc (NASDAQ:SKYT) saw 0.67 million shares changing hands with its beta currently measuring 3.36. Company’s recent per share price level of $9.68 trading at -$0.71 or -6.83% at ring of the bell on the day assigns it a market valuation of $461.31M. That closing price of SKYT’s stock is at a discount of -96.28% from its 52-week high price of $19.00 and is indicating a premium of 41.84% from its 52-week low price of $5.63.

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. The company is expected to be making an EPS of -0.04 in the current quarter.

SkyWater Technology Inc (NASDAQ:SKYT) trade information

Upright in the red during last session for losing -6.83%, in the last five days SKYT remained trading in the red while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $9.68 price level, adding 11.76% to its value on the day. SkyWater Technology Inc’s shares saw a change of -29.86% in year-to-date performance and have moved -0.21% in past 5-day. SkyWater Technology Inc (NASDAQ:SKYT) showed a performance of -16.26% in past 30-days.

Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 35.47% 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 20. It follows that stock’s current price would jump 7.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.02% for stock’s current value.

SkyWater Technology Inc (SKYT) estimates and forecasts

This year revenue growth is estimated to rise 18.97% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 74.25M for the same. And 4 analysts are in estimates of company making revenue of 66.45M in the next quarter. Company posted 79.15M and 79.64M of sales in current and next quarters respectively a year earlier.

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.

SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders

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.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 815.62 shares of worth $7.9 million or 1.71% of the total outstanding shares. The later fund manager was in possession of 777.77 shares on Nov 30, 2024 , making its stake of worth around $7.53 million in the company or a holder of 1.63% of company’s stock.