Akoustis Technologies Stock Price, Forecast & Analysis (NASDAQ:AKTS)

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

Akoustis Technologies Inc (NASDAQ:AKTS) posted its quarterly earnings data on Monday, February, 4th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.00. The technology company had revenue of $0.32 million for the quarter, compared to analyst estimates of $0.42 million. Akoustis Technologies had a negative return on equity of 105.40% and a negative net margin of 1,843.77%. View Akoustis Technologies' Earnings History.

Akoustis Technologies is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Akoustis Technologies.

4 Wall Street analysts have issued twelve-month price objectives for Akoustis Technologies' stock. Their forecasts range from $7.40 to $12.00. On average, they anticipate Akoustis Technologies' stock price to reach $9.85 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price. View Analyst Price Targets for Akoustis Technologies.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akoustis Technologies.

Media headlines about AKTS stock have trended very negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Akoustis Technologies earned a news impact score of -3.2 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Akoustis Technologies.

Akoustis Technologies saw a decrease in short interest in October. As of October 31st, there was short interest totalling 5,820,000 shares, a decrease of 5.7% from the September 30th total of 6,170,000 shares. Based on an average trading volume of 428,300 shares, the days-to-cover ratio is currently 13.6 days. Approximately 23.3% of the company's stock are short sold. View Akoustis Technologies' Current Options Chain.

Some companies that are related to Akoustis Technologies include NetGear (NTGR), AudioCodes (AUDC), ADTRAN (ADTN), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Communications Systems (JCS), Sonim Technologies (SONM), Clearone (CLRO), AltiGen Communications (ATGN), Franklin Wireless (FKWL), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Sunworks (SUNW), One Horizon Group (OHGI) and MER Telemanagement Solutions (MTSL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Akoustis Technologies investors own include Verizon Communications (VZ), Smart Global (SGH), Canopy Growth (CGC), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Crispr Therapeutics (CRSP), Lumentum (LITE) and Roku (ROKU).

Akoustis Technologies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Mission Wealth Management LP (0.90%), Commonwealth Equity Services LLC (0.78%), D.A. Davidson & CO. (0.34%), Connors Investor Services Inc. (0.16%), Benjamin F. Edwards & Company Inc. (0.11%) and Trellus Management Company LLC (0.07%). Company insiders that own Akoustis Technologies stock include Arthur Geiss, David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, John T Kurtzweil, Kenneth Boller, Mark N Tompkins, Rohan Houlden, Steven Denbaars and Suzanne B Rudy. View Institutional Ownership Trends for Akoustis Technologies.

AKTS stock was sold by a variety of institutional investors in the last quarter, including Benjamin F. Edwards & Company Inc. and Mission Wealth Management LP. Company insiders that have sold Akoustis Technologies company stock in the last year include David Aichele, Jeffrey B Shealy, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy. View Insider Buying and Selling for Akoustis Technologies.

AKTS stock was acquired by a variety of institutional investors in the last quarter, including Trellus Management Company LLC, Commonwealth Equity Services LLC, D.A. Davidson & CO., CWM LLC and Connors Investor Services Inc.. Company insiders that have bought Akoustis Technologies stock in the last two years include Arthur Geiss and Steven Denbaars. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AKTS stock can currently be purchased for approximately $7.19.

Akoustis Technologies has a market capitalization of $218.83 million and generates $1.44 million in revenue each year. Akoustis Technologies employs 69 workers across the globe.View Additional Information About Akoustis Technologies.

The official website for Akoustis Technologies is http://www.akoustis.com/.

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]