Akoustis Technologies Inc (NASDAQ: AKTS) on Monday, plunged -6.07% from the previous trading day, before settling in for the closing price of $0.09. Within the past 52 weeks, AKTS’s price has moved between $0.07 and $2.02.
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Technology Sector giant saw their annual sales surged by 125.60% over the last five years. The company achieved an average annual earnings per share of 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. In terms of profitability, gross margin is -5.89%, operating margin of -258.57%, and the pretax margin is -257.64%.
Akoustis Technologies Inc (AKTS) Insider Activity
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Akoustis Technologies Inc is 4.96%, while institutional ownership is 20.96%. The most recent insider transaction that took place on Jan 29 ’24, was worth 25,000. In this transaction Director of this company bought 50,000 shares at a rate of $0.50, taking the stock ownership to the 415,924 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
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
Akoustis Technologies Inc (AKTS) is currently performing well based on its current performance indicators. A quick ratio of 1.29 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 0.32.
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 30.97 million was better than the volume posted last year of 7.57 million. As of the previous 9 days, the stock’s Stochastic %D was 39.51%. Additionally, its Average True Range was 0.01.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 2.31%, which indicates a significant decrease from 25.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.76% in the past 14 days, which was lower than the 221.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1204, while its 200-day Moving Average is $0.4705. Now, the first resistance to watch is $0.0919. This is followed by the second major resistance level at $0.0971. The third major resistance level sits at $0.1023. If the price goes on to break the first support level at $0.0815, it is likely to go to the next support level at $0.0763. Should the price break the second support level, the third support level stands at $0.0711.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
Market capitalization of the company is 9.47 million based on 98,669K outstanding shares. Right now, sales total 27,120 K and income totals -63,560 K. The company made 7,510 K in profit during its latest quarter, and -23,310 K in sales during its previous quarter.
