NASDAQ:AKTS Akoustis Technologies (AKTS) Stock Forecast, Price & News $0.78 +0.02 (+2.65%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$0.75▼$0.8050-Day Range$0.74▼$2.4752-Week Range$0.70▼$4.96Volume457,539 shsAverage Volume771,915 shsMarket Capitalization$56.09 millionP/E RatioN/ADividend YieldN/APrice Target$3.92 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Akoustis Technologies MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside405.3% Upside$3.92 Price TargetShort InterestHealthy9.19% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.87Based on 2 Articles This WeekInsider TradingSelling Shares$22,877 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.59) to ($0.38) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsComputer And Technology Sector314th out of 606 stocksTelephone & Telegraph Apparatus Industry6th out of 11 stocks 3.3 Analyst's Opinion Consensus RatingAkoustis Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.92, Akoustis Technologies has a forecasted upside of 405.3% from its current price of $0.78.Amount of Analyst CoverageAkoustis Technologies has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.19% of the outstanding shares of Akoustis Technologies have been sold short.Short Interest Ratio / Days to CoverAkoustis Technologies has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in Akoustis Technologies has recently decreased by 7.89%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldAkoustis Technologies does not currently pay a dividend.Dividend GrowthAkoustis Technologies does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AKTS. Previous Next 3.3 News and Social Media Coverage News SentimentAkoustis Technologies has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Akoustis Technologies this week, compared to 1 article on an average week.Search Interest13 people have searched for AKTS on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Akoustis Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn 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 $22,877.00 in company stock.Percentage Held by InsidersOnly 5.60% of the stock of Akoustis Technologies is held by insiders.Percentage Held by Institutions52.07% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Akoustis Technologies are expected to grow in the coming year, from ($0.59) to ($0.38) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Akoustis Technologies is -0.78, 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. SectorThe P/E ratio of Akoustis Technologies is -0.78, 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 RatioAkoustis Technologies has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Akoustis Technologies (NASDAQ:AKTS) StockAkoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services and microelectromechanical systems foundry services. The RF Filters segment sells 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, and military and defense applications. Akoustis Technologies, Inc. was founded in 2013 and is headquartered in Huntersville, North Carolina.Read More AKTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AKTS Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comShort Interest in Akoustis Technologies, Inc. (NASDAQ:AKTS) Grows By 9.7%September 14, 2023 | finance.yahoo.comInsider Sell: CFO Kenneth Boller Sells 3,900 Shares of Akoustis Technologies IncSeptember 28, 2023 | Legacy Research (Ad)ATTENTION: Digital Dollar Could Send this $0.25 Play SkyrocketingIn just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.September 6, 2023 | marketwatch.comAkoustis Technologies Shares Drop on Weak 4Q ResultsSeptember 6, 2023 | msn.comAkoustis Technologies shares fall over 25% as quarterly earnings miss estimatesSeptember 6, 2023 | markets.businessinsider.comRoth MKM Remains a Buy on Akoustis Technologies (AKTS)September 6, 2023 | msn.comWhy Akoustis Technologies Shares Are Falling TodaySeptember 6, 2023 | finance.yahoo.comAkoustis Reports Seventh Consecutive Quarter of Record Revenue with Fourth Quarter Fiscal 2023 Sales Growing over 13% Year-Over-Year and Full Year 2023 Revenue Up 77% Year-over-YearSeptember 28, 2023 | Legacy Research (Ad)ATTENTION: Digital Dollar Could Send this $0.25 Play SkyrocketingIn just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.September 5, 2023 | markets.businessinsider.comCraig-Hallum Sticks to Its Buy Rating for Akoustis Technologies (AKTS)September 5, 2023 | benzinga.comEarnings Outlook For Akoustis TechnologiesAugust 29, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Rimini Street (RMNI), Yelp (YELP) and Akoustis Technologies (AKTS)August 15, 2023 | finance.yahoo.comAkoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023August 10, 2023 | finance.yahoo.comAKTS - Akoustis Technologies, Inc.July 20, 2023 | finance.yahoo.comAkoustis Ships Two New BAW Filters Using the XBAW® Foundry Process to 5G Mobile and Wi-Fi Router RF Front-End CustomerJune 22, 2023 | fool.comAkoustis Technologies (NASDAQ: AKTS)June 17, 2023 | finance.yahoo.comWith 54% institutional ownership, Akoustis Technologies, Inc. (NASDAQ:AKTS) is a favorite amongst the big gunsJune 13, 2023 | finance.yahoo.comAkoustis Launches State-of-the-Art XBAW® Foundry Services and AI-Enabled Engineering Design SoftwareJune 5, 2023 | finance.yahoo.comAkoustis to Exhibit and Present at the IEEE MTT-S International Microwave Symposium June 13-15June 5, 2023 | finance.yahoo.comAkoustis to Exhibit and Present at the IEEE MTT-S International Microwave Symposium June 13-15June 1, 2023 | finance.yahoo.comAkoustis Introduces Advanced BAW RF Filters for Wi-Fi 6E & 7 ApplicationsMay 30, 2023 | msn.comAkoustis: Wi-Fi 6E Design Wins Continue To Drive GrowthMay 17, 2023 | finance.yahoo.comAkoustis to Attend Multiple Conferences in the June 2023 QuarterMay 12, 2023 | msn.comOppenheimer Maintains Akoustis Technologies (AKTS) Outperform RecommendationMay 9, 2023 | msn.comRoth MKM Maintains Akoustis Technologies (AKTS) Buy RecommendationMay 8, 2023 | seekingalpha.comAkoustis Technologies GAAP EPS of -$0.23 beats by $0.06, revenue of $7.36M misses by $0.16MMay 8, 2023 | msn.comAkoustis Technologies' Q1 Misses Expectations, Sees Record Q4 RevenueSee More Headlines Receive AKTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Akoustis Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address AKTS Company Calendar Last Earnings9/06/2023Today9/28/2023Next Earnings (Estimated)11/13/2023Fiscal Year End6/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Telephone & telegraph apparatus Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:AKTS CUSIPN/A CIK1584754 Webwww.akoustis.com Phone(704) 997-5735FaxN/AEmployees205Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.92 High Stock Price Forecast$7.00 Low Stock Price Forecast$1.75 Forecasted Upside/Downside+405.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($1.00) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-63,560,000.00 Net Margins-234.35% Pretax Margin-243.37% Return on Equity-63.41% Return on Assets-38.31% Debt Debt-to-Equity Ratio0.51 Current Ratio3.41 Quick Ratio2.98 Sales & Book Value Annual Sales$27.12 million Price / Sales2.07 Cash FlowN/A Price / Cash FlowN/A Book Value$1.20 per share Price / Book0.65Miscellaneous Outstanding Shares72,360,000Free Float68,303,000Market Cap$56.09 million OptionableNot Optionable Beta1.66 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Jeffrey B. Shealy (Age 54)Founder, Pres, CEO & Director Comp: $740.01kMr. Kenneth E. Boller (Age 52)CFO & Corp. Controller Comp: $279.91kMr. David M. Aichele (Age 57)Exec. VP of Bus. Devel. Comp: $329.4kMr. Thomas Andrew Sepenzis (Age 51)VP of Corp. Devel. & IR Mr. Andrew WrightGen. Counsel & Corp. Sec.Ms. Mary WintersExec. VP of Fab & Corp. OperationsMr. Kamran CheemaChief Product OfficerMore ExecutivesKey CompetitorsDZSNASDAQ:DZSIFranklin WirelessNASDAQ:FKWLSonim TechnologiesNASDAQ:SONMClearOneNASDAQ:CLROCheetah MobileNYSE:CMCMView All CompetitorsInsiders & InstitutionsBarclays PLCSold 19,845 shares on 9/21/2023Ownership: 0.019%David AicheleSold 5,300 sharesTotal: $5,777.00 ($1.09/share)Kenneth BollerSold 3,900 sharesTotal: $4,290.00 ($1.10/share)Wolverine Trading LLCSold 327,500 shares on 8/23/2023Ownership: 0.000%Steven DenbaarsSold 7,000 sharesTotal: $12,810.00 ($1.83/share)View All Insider TransactionsView All Institutional Transactions AKTS Stock - Frequently Asked Questions Should I buy or sell Akoustis Technologies stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AKTS shares. View AKTS analyst ratings or view top-rated stocks. What is Akoustis Technologies' stock price forecast for 2023? 2 equities research analysts have issued 1 year price targets for Akoustis Technologies' stock. Their AKTS share price forecasts range from $1.75 to $7.00. On average, they expect the company's stock price to reach $3.92 in the next year. This suggests a possible upside of 405.3% from the stock's current price. View analysts price targets for AKTS or view top-rated stocks among Wall Street analysts. How have AKTS shares performed in 2023? Akoustis Technologies' stock was trading at $2.82 at the beginning of the year. Since then, AKTS shares have decreased by 72.5% and is now trading at $0.7751. View the best growth stocks for 2023 here. Are investors shorting Akoustis Technologies? Akoustis Technologies saw a decline in short interest in September. As of September 15th, there was short interest totaling 6,650,000 shares, a decline of 7.9% from the August 31st total of 7,220,000 shares. Based on an average trading volume of 957,100 shares, the days-to-cover ratio is currently 6.9 days. View Akoustis Technologies' Short Interest. When is Akoustis Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023. View our AKTS earnings forecast. How were Akoustis Technologies' earnings last quarter? Akoustis Technologies, Inc. (NASDAQ:AKTS) issued its quarterly earnings data on Wednesday, September, 6th. The technology company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.05. The technology company earned $8.33 million during the quarter, compared to the consensus estimate of $8.40 million. Akoustis Technologies had a negative net margin of 234.35% and a negative trailing twelve-month return on equity of 63.41%. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. What guidance has Akoustis Technologies issued on next quarter's earnings? Akoustis Technologies issued an update on its first quarter 2024 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.08 million-$7.08 million, compared to the consensus revenue estimate of $7.66 million. 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), Block (SQ), Editas Medicine (EDIT), Marvell Technology (MRVL), Alibaba Group (BABA), Invitae (NVTA), Advanced Micro Devices (AMD), CRISPR Therapeutics (CRSP) and JD.com (JD). 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 BlackRock Inc. (6.68%), Silverback Asset Management LLC (2.85%), Silverback Asset Management LLC (2.85%), Geode Capital Management LLC (1.98%), Sargent Investment Group LLC (1.91%) and Granahan Investment Management LLC (1.81%). Insiders that own company stock include Arthur Geiss, David Aichele, James Michael Mcguire, Jeffrey B Shealy, Jeffrey B Shealy, Jeffrey Mcmahon, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy. View institutional ownership trends. How do I buy shares of Akoustis Technologies? Shares of AKTS stock 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. Compare Top Brokerages Here. What is Akoustis Technologies' stock price today? One share of AKTS stock can currently be purchased for approximately $0.78. How much money does Akoustis Technologies make? Akoustis Technologies (NASDAQ:AKTS) has a market capitalization of $56.09 million and generates $27.12 million in revenue each year. The technology company earns $-63,560,000.00 in net income (profit) each year or ($1.00) on an earnings per share basis. How many employees does Akoustis Technologies have? The company employs 205 workers across the globe. How can I contact Akoustis Technologies? Akoustis Technologies' mailing address is 9805 NORTHCROSS CENTER COURT SUITE A, HUNTERSVILLE NC, 28078. The official website for the company is www.akoustis.com. The technology company can be reached via phone at (704) 997-5735 or via email at bprag@delmarconsulting.com. This page (NASDAQ:AKTS) was last updated on 9/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Akoustis Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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 from 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. 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