In the last trading session, 2.01 million SkyWater Technology Inc (NASDAQ:SKYT) shares changed hands as the company’s beta touched 3.32. With the company’s per share price at $8.15 changed hands at $0.39 or 5.03% during last session, the market valuation stood at $388.40M. SKYT’s last price was a discount, traded about -133.13% 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 30.92% up since then. When we look at SkyWater Technology Inc’s average trading volume, we note the 10-day average is 0.74 million shares, with the 3-month average coming to 1.01 million.
Analysts gave the SkyWater Technology Inc (SKYT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. 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 -0.13.
SkyWater Technology Inc (NASDAQ:SKYT) trade information
Instantly SKYT was in green as seen at the end of in last trading. With action -1.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.94%, with the 5-day performance at -1.09% in the red. However, in the 30-day time frame, SkyWater Technology Inc (NASDAQ:SKYT) is -12.08% down. Looking at the short shares, we see there were 3.14 million shares sold at short interest cover period of 4.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 45.67% from its current 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 -145.4% plunge from its current level, while the stock would need to soar -10.43% for it to hit the projected low.
SkyWater Technology Inc (SKYT) estimates and forecasts
Year-over-year growth is forecast to reach -9.71% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 61.04M. 5 analysts are of the opinion that SkyWater Technology Inc’s revenue for the current quarter will be 69.38M. 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 -23.35%. The estimates for the next quarter sales put growth at -25.66%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.37%. The 2025 estimates are for SkyWater Technology Inc earnings to decrease by -126.67%, but the outlook for the next 5-year period is at 81.71% per year.
SKYT Dividends
SkyWater Technology Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
SkyWater Technology Inc (NASDAQ:SKYT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 51.62% of SkyWater Technology Inc shares while 28.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.70%. There are 28.40% institutions holding the SkyWater Technology Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 3.3194% of the shares, roughly 1.56 million SKYT shares worth $11.96 million.
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.
