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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
Laser breakthrough could send stock soaring 2,467% (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
Laser breakthrough could send stock soaring 2,467% (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
Laser breakthrough could send stock soaring 2,467% (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
Laser breakthrough could send stock soaring 2,467% (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
Laser breakthrough could send stock soaring 2,467% (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
Laser breakthrough could send stock soaring 2,467% (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
NASDAQ:AKTS

Akoustis Technologies (AKTS) Stock Forecast, Price & News

$0.78
+0.02 (+2.65%)
(As of 09/27/2023 ET)
Compare
Today's Range
$0.75
$0.80
50-Day Range
$0.74
$2.47
52-Week Range
$0.70
$4.96
Volume
457,539 shs
Average Volume
771,915 shs
Market Capitalization
$56.09 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.92

Akoustis Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
405.3% Upside
$3.92 Price Target
Short Interest
Healthy
9.19% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.87mentions of Akoustis Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$22,877 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.59) to ($0.38) Per Share

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 stars

Computer And Technology Sector

314th out of 606 stocks

Telephone & Telegraph Apparatus Industry

6th out of 11 stocks


AKTS stock logo

About Akoustis Technologies (NASDAQ:AKTS) Stock

Akoustis 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.

AKTS Price History

AKTS Stock News Headlines

ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing
In 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.
Akoustis Technologies Shares Drop on Weak 4Q Results
Roth MKM Remains a Buy on Akoustis Technologies (AKTS)
ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing
In 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.
Craig-Hallum Sticks to Its Buy Rating for Akoustis Technologies (AKTS)
Earnings Outlook For Akoustis Technologies
AKTS - Akoustis Technologies, Inc.
Akoustis Technologies (NASDAQ: AKTS)
See More Headlines
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AKTS Company Calendar

Last Earnings
9/06/2023
Today
9/28/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:AKTS
Fax
N/A
Employees
205
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-63,560,000.00
Net Margins
-234.35%
Pretax Margin
-243.37%

Debt

Sales & Book Value

Annual Sales
$27.12 million
Book Value
$1.20 per share

Miscellaneous

Free Float
68,303,000
Market Cap
$56.09 million
Optionable
Not Optionable
Beta
1.66
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Key Executives

  • Mr. Jeffrey B. ShealyMr. Jeffrey B. Shealy (Age 54)
    Founder, Pres, CEO & Director
    Comp: $740.01k
  • Mr. Kenneth E. BollerMr. Kenneth E. Boller (Age 52)
    CFO & Corp. Controller
    Comp: $279.91k
  • Mr. David M. AicheleMr. David M. Aichele (Age 57)
    Exec. VP of Bus. Devel.
    Comp: $329.4k
  • Mr. Thomas Andrew Sepenzis (Age 51)
    VP of Corp. Devel. & IR
  • Mr. Andrew Wright
    Gen. Counsel & Corp. Sec.
  • Ms. Mary Winters
    Exec. VP of Fab & Corp. Operations
  • Mr. Kamran Cheema
    Chief Product Officer













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

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