SkyWater Technology (NASDAQ:SKYT - Get Free Report) is anticipated to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $61.04 million for the quarter. SkyWater Technology has set its Q1 2025 guidance at -0.160--0.100 EPS.
SkyWater Technology (NASDAQ:SKYT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10. The firm had revenue of $75.49 million for the quarter, compared to analyst estimates of $74.25 million. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. On average, analysts expect SkyWater Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
SkyWater Technology Price Performance
NASDAQ:SKYT traded up $0.26 during mid-day trading on Friday, reaching $7.54. The stock had a trading volume of 424,641 shares, compared to its average volume of 576,193. SkyWater Technology has a one year low of $5.63 and a one year high of $19.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a 50 day moving average price of $7.47 and a two-hundred day moving average price of $9.47. The stock has a market capitalization of $362.18 million, a P/E ratio of -21.54 and a beta of 3.41.
Analysts Set New Price Targets
Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $12.00 price objective on shares of SkyWater Technology in a research note on Thursday, February 27th.
Check Out Our Latest Report on SkyWater Technology
Insider Buying and Selling
In other news, Director Gregory B. Graves sold 12,844 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.11, for a total value of $104,164.84. Following the transaction, the director now owns 14,285 shares in the company, valued at approximately $115,851.35. This trade represents a 47.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.85% of the stock is owned by corporate insiders.
About SkyWater Technology
(
Get Free Report)
SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.
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