Akoustis Technologies Inc (NASDAQ: AKTS) on Monday, plunged -9.64% from the previous trading day, before settling in for the closing price of $0.10. Within the past 52 weeks, AKTS’s price has moved between $0.04 and $1.19.
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A company in the Technology sector has jumped its sales by 100.67% annually for the last half of the decade. With a float of $149.77 million, this company’s outstanding shares have now reached $154.59 million.
In an organization with 117 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 15.97%, operating margin of -318.51%, and the pretax margin is -524.45%.
Akoustis Technologies Inc (AKTS) Insider and Institutional Ownership
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Akoustis Technologies Inc is 3.12%, while institutional ownership is 13.68%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.19 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.18) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current 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 0.28 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 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.39
Technical Analysis of Akoustis Technologies Inc (AKTS)
Let’s dig in a bit further. During the last 5-days, its volume was 92.28 million. That was better than the volume of 11.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.97%. Additionally, its Average True Range was 0.02.
During the past 100 days, Akoustis Technologies Inc’s (AKTS) raw stochastic average was set at 39.83%, which indicates a significant decrease from 49.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 184.64% in the past 14 days, which was higher than the 130.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.0686, while its 200-day Moving Average is $0.2669. However, in the short run, Akoustis Technologies Inc’s stock first resistance to watch stands at $0.0977. Second resistance stands at $0.1046. The third major resistance level sits at $0.1134. If the price goes on to break the first support level at $0.0820, it is likely to go to the next support level at $0.0732. The third support level lies at $0.0663 if the price breaches the second support level.
Akoustis Technologies Inc (NASDAQ: AKTS) Key Stats
Market capitalization of the company is 13.54 million based on 154,591K outstanding shares. Right now, sales total 27,380 K and income totals -167,950 K. The company made 9,030 K in profit during its latest quarter, and -6,420 K in sales during its previous quarter.
