Akoustis Technologies Inc (NASDAQ: AKTS) started the day on Thursday, with a price decrease of -0.89% at $0.12, before settling in for the price of $0.12 at the close. Taking a more long-term approach, AKTS posted a 52-week range of $0.11-$2.49.
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It was noted that the giant of the Technology sector posted annual sales growth of 125.60% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 0.80%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 19.60%. This publicly-traded company’s shares outstanding now amounts to $109.17 million, simultaneously with a float of $103.75 million. The organization now has a market capitalization sitting at $13.33 million. At the time of writing, stock’s 50-day Moving Average stood at $0.1714, while the 200-day Moving Average is $0.5195.
Akoustis Technologies Inc (AKTS) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Communication Equipment Industry. Akoustis Technologies Inc’s current insider ownership accounts for 4.96%, in contrast to 37.26% institutional ownership. According to the most recent insider trade that took place on Jan 29 ’24, this organization’s Chief Executive Officer bought 1,310,000 shares at the rate of 0.50, making the entire transaction reach 655,000 in total value, affecting insider ownership by 2,222,775. Preceding that transaction, on Jan 29 ’24, Company’s EVP of Business Development bought 80,000 for 0.50, making the whole transaction’s value amount to 40,000. This particular insider is now the holder of 334,622 in total.
Akoustis Technologies Inc (AKTS) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 3/31/2024, the organization reported -0.21 earnings per share (EPS) for the three months, lower than the consensus estimate (set at -0.17) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
Akoustis Technologies Inc’s EPS increase for this current 12-month fiscal period is 19.60% and is forecasted to reach -0.41 in the upcoming year.
Akoustis Technologies Inc (NASDAQ: AKTS) Trading Performance Indicators
Let’s observe the current performance indicators for Akoustis Technologies Inc (AKTS). It’s Quick Ratio in the last reported quarter now stands at 1.29. The Stock has managed to achieve an average true range (ATR) of 0.02. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.45.
In the same vein, AKTS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.00, a figure that is expected to reach -0.13 in the next quarter, and analysts are predicting that it will be -0.41 at the market close of one year from today.
Technical Analysis of Akoustis Technologies Inc (AKTS)
If we take a close look at the recent performances of Akoustis Technologies Inc (NASDAQ: AKTS), its last 5-days Average volume was 2.19 million that shows plunge from its year to date volume of 7.08 million. During the previous 9 days, stock’s Stochastic %D was recorded 15.57% While, its Average True Range was 0.0137.
Raw Stochastic average of Akoustis Technologies Inc (AKTS) in the period of the previous 100 days is set at 1.81%, which indicates a major fall in contrast to 15.64% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 89.48% that was lower than 218.80% volatility it exhibited in the past 100-days period.
