NASDAQ:AKTS

Akoustis Technologies Stock Forecast, Price & News

$14.94

+0.54 (+3.75 %)

(As of 01/20/2021 11:15 AM ET)

Add

Compare

Today's Range

$14.85

Now: $14.94▼

$15.41

50-Day Range

$7.52

MA: $11.13▼

$13.56

52-Week Range

$3.76

Now: $14.94▼

$14.88

Volume12,218 shs

Average Volume709,192 shs

Market Capitalization$577.10 million

P/E RatioN/A

Dividend YieldN/A

Beta1.63

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, military and defense applications. The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.

MarketRank^™

Overall MarketRank^™

1.09 out of 5 stars

Computer And Technology Sector

591st out of 1,517 stocks

Telephone & Telegraph Apparatus Industry

12th out of 36 stocks

1.5 Analyst's Opinion

Consensus Rating
Akoustis Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.25, Akoustis Technologies has a forecasted downside of 0.7% from its current price of $15.36.
Amount of Analyst Coverage
Akoustis Technologies has only been the subject of 3 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Akoustis Technologies has received 208 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Akoustis Technologies has received 216 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Akoustis Technologies has received 50.94% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Akoustis Technologies and other stocks. Vote “Outperform” if you believe AKTS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AKTS will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Akoustis Technologies does not currently pay a dividend.
Dividend Growth
Akoustis Technologies does not have a long track record of dividend growth.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Akoustis Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,879,061.00 in company stock.
Percentage Held by Insiders
Only 13.70% of the stock of Akoustis Technologies is held by insiders.
Percentage Held by Institutions
38.22% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.73) to ($0.14) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Akoustis Technologies is -14.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Akoustis Technologies is -14.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Akoustis Technologies has a P/B Ratio of 13.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Telephone & telegraph apparatus

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:AKTS

Previous Symbol

CUSIPN/A

CIK1584754

Webwww.akoustis.com

Phone704-997-5735

Employees95

Debt

Debt-to-Equity Ratio0.70

Current Ratio9.40

Quick Ratio9.34

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.79 million

Price / Sales322.40

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.14 per share

Price / Book13.11

Profitability

EPS (Most Recent Fiscal Year)($0.86)

Net Income$-36,140,000.00

Net Margins-2,077.27%

Return on Equity-72.62%

Return on Assets-43.18%

Miscellaneous

Outstanding Shares38,628,000

Market Cap$577.10 million

Next Earnings Date2/1/2021 (Estimated)

OptionableNot Optionable

$14.94

+0.54 (+3.75 %)

(As of 01/20/2021 11:15 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive AKTS News and Ratings via Email

Sign-up to receive the latest news and ratings for AKTS and its competitors with MarketBeat's FREE daily newsletter.

Akoustis Technologies (NASDAQ:AKTS) Frequently Asked Questions

How has Akoustis Technologies' stock been impacted by Coronavirus?

Akoustis Technologies' stock was trading at $5.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AKTS stock has increased by 183.4% and is now trading at $15.05.
View which stocks have been most impacted by COVID-19.

Is Akoustis Technologies a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Akoustis Technologies stock.
View analyst ratings for Akoustis Technologies or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Akoustis Technologies?

Wall Street analysts have given Akoustis Technologies a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Akoustis Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Akoustis Technologies' next earnings date?

Akoustis Technologies is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Akoustis Technologies.

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies, Inc. (NASDAQ:AKTS) posted its quarterly earnings data on Sunday, November, 8th. The technology company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by $0.08. The technology company had revenue of $0.64 million for the quarter, compared to analyst estimates of $0.54 million. Akoustis Technologies had a negative return on equity of 72.62% and a negative net margin of 2,077.27%.
View Akoustis Technologies' earnings history.

What price target have analysts set for AKTS?

4 brokers have issued 12 month target prices for Akoustis Technologies' shares. Their forecasts range from $10.00 to $18.00. On average, they expect Akoustis Technologies' stock price to reach $15.25 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Akoustis Technologies or view Wall Street analyst' top-rated stocks.

Who are some of Akoustis Technologies' key competitors?

Some companies that are related to Akoustis Technologies include Infinera (INFN), Avaya (AVYA), Plantronics (PLT), NETGEAR (NTGR), AudioCodes (AUDC), Telkom SA SOC (TLKGY), ADTRAN (ADTN), Clearfield (CLFD), DZS (DZSI), Franklin Wireless (FKWL), Sunworks (SUNW), Zoom Telephonics (MINM), Zoom Telephonics (ZMTP), Altigen Communications (ATGN) and Sonim Technologies (SONM).
View all of AKTS's competitors.

What other stocks do shareholders of Akoustis Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Akoustis Technologies investors own include Inseego (INSG), NVIDIA (NVDA), Square (SQ), Editas Medicine (EDIT), Marvell Technology Group (MRVL), Alibaba Group (BABA), Invitae (NVTA), Advanced Micro Devices (AMD), CRISPR Therapeutics (CRSP) and JD.com (JD).

Who are Akoustis Technologies' key executives?

Akoustis Technologies' management team includes the following people:

Mr. Jeffrey B. Shealy, Founder, Pres, CEO & Director (Age 51, Pay $512.12k)
Mr. David M. Aichele, Exec. VP of Bus. Devel. (Age 54, Pay $250.08k)
Mr. Rohan Houlden, Chief Product Officer (Age 55, Pay $250.34k)
Mr. Kenneth E. Boller, Interim Chief Financial Officer (Age 49)
Mr. Thomas Andrew Sepenzis, VP of Corp. Devel. & Director of Investor Relations (Age 48)
Mr. Andrew Wright, Gen. Counsel & Corp. Sec.
Mr. Colin Hunt, VP of Global Sales

What is Akoustis Technologies' stock symbol?

Akoustis Technologies trades on the NASDAQ under the ticker symbol "AKTS."

Who are Akoustis Technologies' major shareholders?

Akoustis Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mission Wealth Management LP (0.58%) and Sowell Financial Services LLC (0.01%). Company insiders that own Akoustis Technologies stock include Arthur Geiss, David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy.
View institutional ownership trends for Akoustis Technologies.

Which major investors are selling Akoustis Technologies stock?

AKTS stock was sold by a variety of institutional investors in the last quarter, including Mission Wealth Management LP. Company insiders that have sold Akoustis Technologies company stock in the last year include Arthur Geiss, David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, Kenneth Boller, Rohan Houlden, Steven Denbaars, and Suzanne B Rudy.
View insider buying and selling activity for Akoustis Technologies or view top insider-selling stocks.

Which major investors are buying Akoustis Technologies stock?

AKTS stock was purchased by a variety of institutional investors in the last quarter, including Sowell Financial Services LLC.
View insider buying and selling activity for Akoustis Technologies or or view top insider-buying stocks.

How do I buy shares of Akoustis Technologies?

Shares of AKTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Akoustis Technologies' stock price today?

One share of AKTS stock can currently be purchased for approximately $15.05.

How big of a company is Akoustis Technologies?

Akoustis Technologies has a market capitalization of $581.35 million and generates $1.79 million in revenue each year. The technology company earns $-36,140,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis. Akoustis Technologies employs 95 workers across the globe.

What is Akoustis Technologies' official website?

The official website for Akoustis Technologies is www.akoustis.com.

How can I contact Akoustis Technologies?

Akoustis Technologies' mailing address is 9805 NORTHCROSS CENTER COURT SUITE A, HUNTERSVILLE NC, 28078. The technology company can be reached via phone at 704-997-5735 or via email at [email protected]

This page was last updated on 1/20/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here