On Monday, Akoustis Technologies Inc (NASDAQ: AKTS) opened lower -14.00% from the last session, before settling in for the closing price of $0.10. Price fluctuations for AKTS have ranged from $0.09 to $2.34 over the past 52 weeks.
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Annual sales at Technology sector company grew by 125.60% over the past five years. Company’s average yearly earnings per share was noted 19.60% at the time writing. With a float of $103.75 million, this company’s outstanding shares have now reached $109.17 million.
Let’s look at the performance matrix of the company that is accounted for 222 employees.
Akoustis Technologies Inc (AKTS) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Akoustis Technologies Inc is 4.96%, while institutional ownership is 36.18%. The most recent insider transaction that took place on Jan 29 ’24, was worth 655,000. In this transaction Chief Executive Officer of this company bought 1,310,000 shares at a rate of $0.50, taking the stock ownership to the 2,222,775 shares. Before that another transaction happened on Jan 29 ’24, when Company’s EVP of Business Development bought 80,000 for $0.50, making the entire transaction worth $40,000. This insider now owns 334,622 shares in total.
Akoustis Technologies Inc (AKTS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 19.60% per share during the next fiscal year.
Akoustis Technologies Inc (NASDAQ: AKTS) Trading Performance Indicators
Check out the current performance indicators for Akoustis Technologies Inc (AKTS). In the past quarter, the stock posted a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.41 in one year’s time.
Technical Analysis of Akoustis Technologies Inc (AKTS)
Akoustis Technologies Inc (NASDAQ: AKTS) saw its 5-day average volume 3.41 million, a negative change from its year-to-date volume of 6.88 million. As of the previous 9 days, the stock’s Stochastic %D was 11.08%. Additionally, its Average True Range was 0.02.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 0.53%, which indicates a significant decrease from 4.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.52% in the past 14 days, which was lower than the 220.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1427, while its 200-day Moving Average is $0.4950. Nevertheless, the first resistance level for the watch stands at $0.0943 in the near term. At $0.1027, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1083. If the price goes on to break the first support level at $0.0803, it is likely to go to the next support level at $0.0747. The third support level lies at $0.0663 if the price breaches the second support level.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
There are currently 98,669K shares outstanding in the company with a market cap of 9.39 million. Presently, the company’s annual sales total 27,120 K according to its annual income of -63,560 K. Last quarter, the company’s sales amounted to 7,510 K and its income totaled -23,310 K.
