On Monday, Akoustis Technologies Inc (NASDAQ: AKTS) was -7.10% drop from the session before settling in for the closing price of $0.10. A 52-week range for AKTS has been $0.07 – $2.02.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 125.60%. When this article was written, the company’s average yearly earnings per share was at 20.45%. With a float of $103.62 million, this company’s outstanding shares have now reached $109.17 million.
The extent of productivity of a business whose workforce counts for 222 workers is very important to gauge. 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Akoustis Technologies Inc stocks. The insider ownership of Akoustis Technologies Inc is 5.08%, while institutional ownership is 20.94%. 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted -0.21 earnings per share (EPS) during the time that was less than consensus figure (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.
According to the Wall Street analysts, stocks earnings will be around 20.45% per share during the next fiscal year.
Akoustis Technologies Inc (NASDAQ: AKTS) Trading Performance Indicators
You can see what Akoustis Technologies Inc (AKTS) is doing with its current performance indicators. In the most recent 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 0.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.31 in one year’s time.
Technical Analysis of Akoustis Technologies Inc (AKTS)
The latest stats from [Akoustis Technologies Inc, AKTS] show that its last 5-days average volume of 9.15 million was superior to 7.61 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 59.93%. Additionally, its Average True Range was 0.01.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 4.07%, which indicates a significant decrease from 57.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 118.27% in the past 14 days, which was lower than the 222.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1146, while its 200-day Moving Average is $0.4586. Now, the first resistance to watch is $0.1023. This is followed by the second major resistance level at $0.1079. The third major resistance level sits at $0.1127. If the price goes on to break the first support level at $0.0919, it is likely to go to the next support level at $0.0871. The third support level lies at $0.0815 if the price breaches the second support level.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
There are 98,669K outstanding shares of the company, which has a market capitalization of 10.57 million. As of now, sales total 27,120 K while income totals -63,560 K. Its latest quarter income was 7,510 K while its last quarter net income were -23,310 K.
