SkyWater Technology Inc (SKYT) is gearing up for another turning point as it hit the volume of 297.23

SkyWater Technology Inc (NASDAQ: SKYT) on Friday soared 10.28% from the previous trading day, before settling in for the closing price of $10.44. Within the past 52 weeks, SKYT’s price has moved between $4.73 and $15.99.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 13.22%. The company achieved an average annual earnings per share of 56.19%. With a float of $15.57 million, this company’s outstanding shares have now reached $43.70 million.

SkyWater Technology Inc (SKYT) Insider Activity

Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of SkyWater Technology Inc is 66.90%, while institutional ownership is 20.53%. The most recent insider transaction that took place on Jan 25, was worth 21,015. In this transaction CEO of this company sold 2,100 shares at a rate of $10.01, taking the stock ownership to the 517,402 shares. Before that another transaction happened on Jan 24, when Company’s CEO sold 17,211 for $10.01, making the entire transaction worth $172,265. This insider now owns 519,502 shares in total.

SkyWater Technology Inc (SKYT) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 96.99 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 56.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -388.69% drop over the previous five years of trading.

SkyWater Technology Inc (NASDAQ: SKYT) Trading Performance Indicators

SkyWater Technology Inc (SKYT) is currently performing well based on its current performance indicators. A quick ratio of 0.83 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.77.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.52, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 0.11 in one year’s time.

Technical Analysis of SkyWater Technology Inc (SKYT)

Compared to the last year’s volume of 0.28 million, its volume of 0.28 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.79%. Additionally, its Average True Range was 0.53.

During the past 100 days, SkyWater Technology Inc’s (SKYT) raw stochastic average was set at 99.28%, which indicates a significant increase from 97.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.34% in the past 14 days, which was higher than the 67.09% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.68, while its 200-day Moving Average is $7.93. Nevertheless, the first resistance level for the watch stands at $10.60 in the near term. At $10.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.52. If the price goes on to break the first support level at $9.68, it is likely to go to the next support level at $9.08. Should the price break the second support level, the third support level stands at $8.76.

SkyWater Technology Inc (NASDAQ: SKYT) Key Stats

Market capitalization of the company is 483.37 million based on 47,025K outstanding shares. Right now, sales total 212,940 K and income totals -39,590 K. The company made 71,620 K in profit during its latest quarter, and -7,570 K in sales during its previous quarter.