Witnessing the stock’s movement on the chart, on Thursday, Akoustis Technologies Inc (NASDAQ: AKTS) set off with pace as it heaved 19.86% to $0.10, before settling in for the price of $0.09 at the close. Taking a more long-term approach, AKTS posted a 52-week range of $0.04-$1.19.
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The Technology sector firm’s twelve-monthly sales growth has been 100.67% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -12.14%. This publicly-traded company’s shares outstanding now amounts to $154.59 million, simultaneously with a float of $149.77 million. The organization now has a market capitalization sitting at $16.13 million. At the time of writing, stock’s 50-day Moving Average stood at $0.0670, while the 200-day Moving Average is $0.2726.
Akoustis Technologies Inc (AKTS) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Communication Equipment industry. Akoustis Technologies Inc’s current insider ownership accounts for 3.12%, in contrast to 13.68% institutional ownership. According to the most recent insider trade that took place on Jan 29 ’24, this organization’s Director bought 50,000 shares at the rate of 0.50, making the entire transaction reach 25,000 in total value, affecting insider ownership by 415,924. Preceding that transaction, on Jan 29 ’24, Company’s EVP of Business Development bought 80,000 for 0.50, making the whole transaction’s value amount to 40,000. This particular insider is now the holder of 334,622 in total.
Akoustis Technologies Inc (NASDAQ: AKTS) Trading Performance Indicators
Let’s observe the current performance indicators for Akoustis Technologies Inc (AKTS). It’s Quick Ratio in the last reported quarter now stands at 0.28. The Stock has managed to achieve an average true range (ATR) of 0.02. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.55.
In the same vein, AKTS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.39.
Technical Analysis of Akoustis Technologies Inc (AKTS)
Going through the that latest performance of [Akoustis Technologies Inc, AKTS]. Its last 5-days volume of 125.72 million indicated improvement to the volume of 11.05 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 49.36% While, its Average True Range was 0.0206.
Raw Stochastic average of Akoustis Technologies Inc (AKTS) in the period of the previous 100 days is set at 51.08%, which indicates a major fall in contrast to 63.92% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 174.93% that was higher than 130.67% volatility it exhibited in the past 100-days period.
