SkyWater Technology Inc (NASDAQ:SKYT)’s traded shares stood at 1.67 million during the last session, with the company’s beta value hitting 3.39. At the close of trading, the stock’s price was $10.19, to imply an increase of 15.27% or $1.35 in intraday trading. The SKYT share’s 52-week high remains $19.00, putting it -86.46% down since that peak but still an impressive 44.75% since price per share fell to its 52-week low of $5.63.
Analysts have given a consensus recommendation of Buy for SkyWater Technology Inc (SKYT), translating to a mean rating of 1.50. Of 5 analyst(s) looking at the stock, 0 analyst(s) give SKYT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
SkyWater Technology Inc (NASDAQ:SKYT) trade information
After registering a 15.27% upside in the last session, SkyWater Technology Inc (SKYT) has traded red over the past five days. The 5-day price performance for the stock is -3.32%, and 4.09% over 30 days. With these gigs, the year-to-date price performance is -26.16%.
The extremes give us $9 and $20 for target low and target high price respectively. As such, SKYT has been trading -96.27% off suggested target high and 11.68% from its likely low.
SkyWater Technology Inc (SKYT) estimates and forecasts
The rating firms project that company’s revenue will shrink -8.74% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 61.02M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 69.33M.Earnings reports from the last fiscal year show that sales brought in 79.64M and 93.33M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -23.37% before dropping -25.72% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -231.04% for the past 5-year period. While 2025 is set for a -142.58% return in earnings, projections for the next 5 years are at 82.15% annually.
SKYT Dividends
SkyWater Technology Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.38 million shares, or about 2.9312% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.56 million.
