A share price of Akoustis Technologies Inc [AKTS] is currently trading at $0.14, up 10.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AKTS shares have gain 3.27% over the last week, with a monthly amount drifted -29.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Akoustis Technologies Inc [NASDAQ: AKTS] stock has seen the most recent analyst activity on January 04, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $1 from $2. Previously, B. Riley Securities downgraded its rating to Neutral on September 06, 2023, and dropped its price target to $1.75. On January 24, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $9.25 on the stock. Craig Hallum reiterated its Buy rating and increased its price target to $20 on February 02, 2021. Craig Hallum reiterated its recommendation of a Buy and raised its price target to $18 on January 15, 2021. Northland Capital downgraded its rating to Market Perform for this stock on September 18, 2019, but kept the price target unchanged to $7.40. In a note dated July 10, 2019, Northland Capital upgraded an Outperform rating on this stock.
Akoustis Technologies Inc experienced fluctuations in its stock price throughout the past year between $0.11 and $2.97. Currently, Wall Street analysts expect the stock to reach $4.92 within the next 12 months. Akoustis Technologies Inc [NASDAQ: AKTS] shares were valued at $0.14 at the most recent close of the market. An investor can expect a potential return of 3414.29% based on the average AKTS price forecast.
Analyzing the AKTS fundamentals
Trailing Twelve Months sales for Akoustis Technologies Inc [NASDAQ:AKTS] were 29.86M which represents 2.09% growth. Gross Profit Margin for this corporation currently stands at -0.06% with Operating Profit Margin at -2.59%, Pretax Profit Margin comes in at -2.58%, and Net Profit Margin reading is -2.58%. To continue investigating profitability, this company’s Return on Assets is posted at -0.75, Equity is -1.23 and Total Capital is -0.92. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1254 points at the first support level, and at 0.1148 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1413, and for the 2nd resistance point, it is at 0.1466.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Akoustis Technologies Inc [NASDAQ:AKTS] is 1.57. Also, the Quick Ratio is 1.29, while the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 0.32.
Transactions by insiders
Recent insider trading involved Shealy Jeffrey B., Chief Executive Officer, that happened on Jan 29 ’24 when 1.31 million shares were purchased. EVP of Business Development, Aichele David completed a deal on Jan 29 ’24 to buy 80000.0 shares. Meanwhile, CFO Boller Kenneth bought 60000.0 shares on Jan 29 ’24.
