On Monday, Akoustis Technologies Inc (NASDAQ: AKTS) opened lower -2.68% from the last sessionbefore settling in for the closing price of $0.06. Price fluctuations for AKTS have ranged from $0.05 to $1.19 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 125.60% over the last five years. Company’s average yearly earnings per share was noted 19.60% at the time writing. With a float of $103.62 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
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 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
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
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 0.20.
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 9.98 million was better than the volume posted last year of 7.55 million. As of the previous 9 days, the stock’s Stochastic %D was 8.85%. Additionally, its Average True Range was 0.01.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 0.15%, which indicates a significant decrease from 2.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.92% in the past 14 days, which was lower than the 223.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.0988, while its 200-day Moving Average is $0.4201. Now, the first resistance to watch is $0.0584. This is followed by the second major resistance level at $0.0624. The third major resistance level sits at $0.0648. If the price goes on to break the first support level at $0.0520, it is likely to go to the next support level at $0.0496. Should the price break the second support level, the third support level stands at $0.0456.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
There are currently 98,669K shares outstanding in the company with a market cap of 5.94 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.
