On Friday, Akoustis Technologies Inc (NASDAQ: AKTS) was -4.94% drop from the session before settling in for the closing price of $0.09. A 52-week range for AKTS has been $0.07 – $1.66.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 125.60%. When this article was written, the company’s average yearly earnings per share was at 19.60%. With a float of $103.62 million, this company’s outstanding shares have now reached $109.17 million.
Considering the fact that the conglomerate employs 222 people, you should pay attention to its efficiency factor. 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
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) Earnings and Forecasts
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 19.60% 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 0.30.
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)
Compared to the last year’s volume of 7.55 million, its volume of 5.34 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.95%. Additionally, its Average True Range was 0.01.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 1.29%, which indicates a significant decrease from 2.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 116.19% in the past 14 days, which was lower than the 223.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1112, while its 200-day Moving Average is $0.4492. Nevertheless, the first resistance level for the watch stands at $0.0847 in the near term. At $0.0885, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.0905. If the price goes on to break the first support level at $0.0789, it is likely to go to the next support level at $0.0769. Should the price break the second support level, the third support level stands at $0.0731.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
There are 98,669K outstanding shares of the company, which has a market capitalization of 8.82 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.
