A share price of SkyWater Technology Inc [SKYT] is currently trading at $9.19, up 5.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The SKYT shares have gain 11.12% over the last week, with a monthly amount glided 10.86%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SkyWater Technology Inc [NASDAQ: SKYT] stock has seen the most recent analyst activity on February 27, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $15 from $12. Previously, Needham reaffirmed its Buy rating on February 27, 2024, and elevated its price target to $15. On April 26, 2022, Craig Hallum initiated with a Buy rating and assigned a price target of $10 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $23 on August 05, 2021. Needham initiated its recommendation with a Buy and recommended $40 as its price target on July 16, 2021. Piper Sandler started tracking with a Overweight rating for this stock on May 17, 2021, and assigned it a price target of $25. In a note dated May 17, 2021, Jefferies initiated an Buy rating and provided a target price of $27 on this stock.
SkyWater Technology Inc experienced fluctuations in its stock price throughout the past year between $4.73 and $12.97. Currently, Wall Street analysts expect the stock to reach $14.75 within the next 12 months. SkyWater Technology Inc [NASDAQ: SKYT] shares were valued at $9.19 at the most recent close of the market. An investor can expect a potential return of 60.5% based on the average SKYT price forecast.
Analyzing the SKYT fundamentals
Trailing Twelve Months sales for SkyWater Technology Inc [NASDAQ:SKYT] were 323.74M which represents 33.69% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.47 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.3.
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 8.78 points at the first support level, and at 8.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.45, and for the 2nd resistance point, it is at 9.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SkyWater Technology Inc [NASDAQ:SKYT] is 0.89. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 8.48.
Transactions by insiders
Recent insider trading involved Unterseher Loren A, Director, that happened on Aug 23 ’24 when 2673.0 shares were sold. 10% Owner, CMI Oxbow Partners, LLC completed a deal on Aug 23 ’24 to buy 0.3 million shares. Meanwhile, Director FARES NANCY sold 8850.0 shares on Jun 14 ’24.
