In the latest trading session, 0.81 million SkyWater Technology Inc (NASDAQ:SKYT) shares changed hands as the company’s beta touched 3.39. With the company’s most recent per share price at $10.02 changing hands around $1.18 or 13.35% at last look, the market valuation stands at $477.51M. SKYT’s current price is a discount, trading about -89.62% off its 52-week high of $19.00. The share price had its 52-week low at $5.63, which suggests the last value was 43.81% up since then.
Analysts gave the SkyWater Technology Inc (SKYT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SKYT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. SkyWater Technology Inc’s EPS for the current quarter is expected to be -0.04.
SkyWater Technology Inc (NASDAQ:SKYT) trade information
Instantly SKYT is in green as seen in intraday trades today. With action -4.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -27.39%, with the 5-day performance at -4.93% in the red. However, in the 30-day time frame, SkyWater Technology Inc (NASDAQ:SKYT) is 2.35% up.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 33.2% from its recent market value. According to analyst projections, SKYT’s forecast low is 9 with 20 as the target high. To hit the forecast high, the stock’s price needs a -99.6% plunge from its current level, while the stock would need to tank 10.18% for it to hit the projected low.
SkyWater Technology Inc (SKYT) estimates and forecasts
Year-over-year growth is forecast to reach -3.86% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 66.45M. 4 analysts are of the opinion that SkyWater Technology Inc’s revenue for the current quarter will be 70.92M. The company’s revenue for the corresponding quarters a year ago was 79.64M and 93.33M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.56%. The estimates for the next quarter sales put growth at -24.01%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -231.04%. The 2025 estimates are for SkyWater Technology Inc earnings to decrease by -283.33%.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.9312% or 1.38 million shares worth $10.56 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 815.62 shares estimated at $8.18 million under it, the former controlled 1.71% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.63% of the shares, roughly 777.77 shares worth around $7.8 million.
