At the time of writing, Akoustis Technologies Inc [AKTS] stock is trading at $0.08, up 26.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AKTS shares have gain 72.22% over the last week, with a monthly amount glided 20.84%, and 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.
For the past year, the stock price of Akoustis Technologies Inc fluctuated between $0.04 and $1.19. 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 $0.08 at the most recent close of the market. An investor can expect a potential return of 6050.0% based on the average AKTS price forecast.
Analyzing the AKTS fundamentals
According to Akoustis Technologies Inc [NASDAQ:AKTS], the company’s sales were 29.41M for trailing twelve months, which represents an 28.92% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -3.19%, Pretax Profit Margin comes in at -5.24%, and Net Profit Margin reading is -5.24%. To continue investigating profitability, this company’s Return on Assets is posted at -2.69, Equity is 23.16 and Total Capital is 4.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.75.
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 0.0470 points at the first support level, and at 0.0134 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1266, and for the 2nd resistance point, it is at 0.1726.
Ratios To Look Out For
It is important to note that Akoustis Technologies Inc [NASDAQ:AKTS] has a current ratio of 0.32. As well, the Quick Ratio is 0.28, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.50.
Transactions by insiders
Recent insider trading involved Geiss Arthur, Director, that happened on Jan 29 ’24 when 50000.0 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.
