Akoustis Technologies Inc (NASDAQ: AKTS) kicked off on Monday, up 11.49% from the previous trading day, before settling in for the closing price of $0.08. Over the past 52 weeks, AKTS has traded in a range of $0.07-$2.10.
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Technology Sector giant saw their annual sales surged by 125.60% over the last five years. While this was happening, its average annual earnings per share was recorded 19.60%. With a float of $103.75 million, this company’s outstanding shares have now reached $109.17 million.
The firm has a total of 222 workers. Let’s measure their productivity.
Akoustis Technologies Inc (AKTS) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Akoustis Technologies Inc is 4.96%, while institutional ownership is 28.56%. 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) Earnings and Forecasts
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
Take a look at Akoustis Technologies Inc’s (AKTS) current performance indicators. Last quarter, stock had 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)
Analysing the last 5-days average volume posted by the [Akoustis Technologies Inc, AKTS], we can find that recorded value of 4.53 million was lower than the volume posted last year of 6.81 million. As of the previous 9 days, the stock’s Stochastic %D was 12.24%. Additionally, its Average True Range was 0.01.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 2.09%, which indicates a significant decrease from 21.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 104.31% in the past 14 days, which was lower than the 220.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1309, while its 200-day Moving Average is $0.4809. Now, the first resistance to watch is $0.0897. This is followed by the second major resistance level at $0.0941. The third major resistance level sits at $0.1017. If the price goes on to break the first support level at $0.0777, it is likely to go to the next support level at $0.0701. Should the price break the second support level, the third support level stands at $0.0657.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
The company with the Market Capitalisation of 9.32 million has total of 98,669K Shares Outstanding. Its annual sales at the moment are 27,120 K in contrast with the sum of -63,560 K annual income. Company’s last quarter sales were recorded 7,510 K and last quarter income was -23,310 K.
