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 target for 2024?

2 Wall Street research analysts have issued 12-month target prices for Akoustis Technologies' shares. Their AKTS share price targets range from $1.75 to $3.00. On average, they predict the company's share price to reach $2.38 in the next twelve months. This suggests a possible upside of 316.7% 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 on January 1st, 2023. Since then, AKTS stock has decreased by 79.8% and is now trading at $0.57. View the best growth stocks for 2023 here .

When is Akoustis Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024. View our AKTS earnings forecast .

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies, Inc. (NASDAQ:AKTS) released its earnings results on Monday, November, 13th. The technology company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.18) by $0.09. The technology company earned $7 million during the quarter, compared to analysts' expectations of $7.09 million. Akoustis Technologies had a negative trailing twelve-month return on equity of 71.24% and a negative net margin of 226.21%.

What guidance has Akoustis Technologies issued on next quarter's earnings?

Akoustis Technologies updated its second quarter 2024 earnings guidance on Monday, November, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.30 million-$8.80 million, compared to the consensus revenue estimate of $7.19 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) .

Who are Akoustis Technologies' major shareholders?

Akoustis Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Senvest Management LLC (5.26%), Perkins Capital Management Inc. (0.83%), UBS Group AG (0.59%), Commonwealth Equity Services LLC (0.30%), Crestwood Advisors Group LLC (0.15%) and Connors Investor Services Inc. (0.15%). Insiders that own company stock include Arthur Geiss , David Aichele , James Michael Mcguire, Jeffrey B Shealy , 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 .

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

$0.57

-0.01 (-1.72%)

(As of 12/7/2023 ET)

Compare

Today's Range: $0.55
▼
$0.61
50-Day Range: $0.48
▼
$0.89
52-Week Range: $0.46
▼
$4.96

Volume: 548,221 shs
Average Volume: 732,671 shs
Market Capitalization: $41.31 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.38

Akoustis Technologies MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 316.7% Upside
$2.38 Price Target
Short Interest: Bearish
9.52% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$12,604 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.72) to ($0.39) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Computer And Technology Sector

330th out of 591 stocks

Telephone & Telegraph Apparatus Industry

1st out of 5 stocks

3.3

Analyst's Opinion

Consensus Rating
Akoustis 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/Downside
According to analysts' consensus price target of $2.38, Akoustis Technologies has a forecasted upside of 316.7% from its current price of $0.57.
Amount of Analyst Coverage
Akoustis Technologies has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
9.52% of the outstanding shares of Akoustis Technologies have been sold short.
Short Interest Ratio / Days to Cover
Akoustis Technologies has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in Akoustis Technologies has recently decreased by 2.68%, indicating that investor sentiment is improving.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AKTS.

2.8

News and Social Media Coverage

News Sentiment
Akoustis Technologies has a news sentiment score of 1.11. 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 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Akoustis Technologies this week, compared to 1 article on an average week.
MarketBeat Follows
4 people have added Akoustis Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

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 $12,604.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of Akoustis Technologies is held by insiders.
Percentage Held by Institutions
52.07% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.72) to ($0.39) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Akoustis Technologies is -0.60, 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 -0.60, 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 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Akoustis Technologies Stock (NASDAQ:AKTS)

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 Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment provides engineering review and backend packaging services. Its 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. The company was founded in 2013 and is headquartered in Huntersville, North Carolina.

AKTS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AKTS Stock News Headlines

December 6, 2023 | finance.yahoo.com

Akoustis Receives First Development Order from Leading Commercial Satellite Communications Company for Use of XBAW® Foundry Services

November 16, 2023 | finance.yahoo.com

Akoustis Awarded Phase 2 For DARPA COFFEE Program

December 8, 2023 | Autonomix (Ad)

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November 15, 2023 | markets.businessinsider.com

Craig-Hallum Keeps Their Buy Rating on Akoustis Technologies (AKTS)

November 14, 2023 | finance.yahoo.com

Akoustis Technologies, Inc. (NASDAQ:AKTS) Q1 2024 Earnings Call Transcript

November 13, 2023 | finanznachrichten.de

Akoustis, Inc.: Akoustis Reports First Quarter FY24 Results

November 13, 2023 | msn.com

Akoustis Technologies Non-GAAP EPS of -$0.27 misses by $0.09, revenue of $7M misses by $0.07M

November 10, 2023 | msn.com

Akoustis receives purchase order for three BAW filter designs

December 8, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 10, 2023 | finance.yahoo.com

Akoustis Receives Purchase Order for Three BAW Filter Designs from 5G Mobile and Wi-Fi Router RF Front-End Customer

November 6, 2023 | finance.yahoo.com

Akoustis to Webcast Q1FY24 Results on November 13 at 8:00 am ET

September 14, 2023 | finance.yahoo.com

Insider Sell: CFO Kenneth Boller Sells 3,900 Shares of Akoustis Technologies Inc

September 6, 2023 | marketwatch.com

Akoustis Technologies Shares Drop on Weak 4Q Results

September 6, 2023 | msn.com

Akoustis Technologies shares fall over 25% as quarterly earnings miss estimates

September 6, 2023 | msn.com

Why Akoustis Technologies Shares Are Falling Today

September 6, 2023 | markets.businessinsider.com

Roth MKM Remains a Buy on Akoustis Technologies (AKTS)

September 6, 2023 | finance.yahoo.com

Akoustis 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-Year

September 5, 2023 | markets.businessinsider.com

Craig-Hallum Sticks to Its Buy Rating for Akoustis Technologies (AKTS)

September 5, 2023 | benzinga.com

Earnings Outlook For Akoustis Technologies

August 29, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Rimini Street (RMNI), Yelp (YELP) and Akoustis Technologies (AKTS)

August 15, 2023 | finance.yahoo.com

Akoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023

August 10, 2023 | finance.yahoo.com

AKTS - Akoustis Technologies, Inc.

July 20, 2023 | finance.yahoo.com

Akoustis Ships Two New BAW Filters Using the XBAW® Foundry Process to 5G Mobile and Wi-Fi Router RF Front-End Customer

June 22, 2023 | fool.com

Akoustis Technologies (NASDAQ: AKTS)

June 17, 2023 | finance.yahoo.com

With 54% institutional ownership, Akoustis Technologies, Inc. (NASDAQ:AKTS) is a favorite amongst the big guns

June 13, 2023 | finance.yahoo.com

Akoustis Launches State-of-the-Art XBAW® Foundry Services and AI-Enabled Engineering Design Software

June 5, 2023 | finance.yahoo.com

Akoustis to Exhibit and Present at the IEEE MTT-S International Microwave Symposium June 13-15

See More Headlines

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Company Calendar

Last Earnings: 11/13/2023
Today: 12/07/2023
Next Earnings (Estimated): 2/06/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:AKTS
CUSIP: N/A
CIK: 1584754
Web: www.akoustis.com
Phone: (704) 997-5735
Fax: N/A
Employees: 222
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.38
High Stock Price Target: $3.00
Low Stock Price Target: $1.75
Potential Upside/Downside: +316.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.95)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-63,560,000.00
Net Margins: -226.21%
Pretax Margin: -234.57%
Return on Equity: -71.24%
Return on Assets: -42.00%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 2.43
Quick Ratio: 2.04

Sales & Book Value

Annual Sales: $27.12 million
Price / Sales: 1.52
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.20 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 72,480,000
Free Float: 68,425,000
Market Cap: $41.31 million
Optionable: Not Optionable
Beta: 1.68

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Key Executives

Mr. Jeffrey B. Shealy (Age 54)
Founder, President, CEO & Director
Comp: $719.24k
Mr. Kenneth E. Boller (Age 52)
CFO & Corporate Controller
Comp: $321.59k
Mr. David M. Aichele (Age 57)
Executive Vice President of Business Development
Comp: $348.52k
Mr. Andrew Wright
General Counsel & Corporate Secretary
Ms. Mary Winters
Executive VP of Fab & Corporate Operations
Mr. Kamran Cheema
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AKTS Stock Analysis - 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 target for 2024?: 2 Wall Street research analysts have issued 12-month target prices for Akoustis Technologies' shares. Their AKTS share price targets range from $1.75 to $3.00. On average, they predict the company's share price to reach $2.38 in the next twelve months. This suggests a possible upside of 316.7% 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 on January 1st, 2023. Since then, AKTS stock has decreased by 79.8% and is now trading at $0.57.
View the best growth stocks for 2023 here.
When is Akoustis Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our AKTS earnings forecast.
How were Akoustis Technologies' earnings last quarter?: Akoustis Technologies, Inc. (NASDAQ:AKTS) released its earnings results on Monday, November, 13th. The technology company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.18) by $0.09. The technology company earned $7 million during the quarter, compared to analysts' expectations of $7.09 million. Akoustis Technologies had a negative trailing twelve-month return on equity of 71.24% and a negative net margin of 226.21%.

What guidance has Akoustis Technologies issued on next quarter's earnings?: Akoustis Technologies updated its second quarter 2024 earnings guidance on Monday, November, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.30 million-$8.80 million, compared to the consensus revenue estimate of $7.19 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).
Who are Akoustis Technologies' major shareholders?: Akoustis Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Senvest Management LLC (5.26%), Perkins Capital Management Inc. (0.83%), UBS Group AG (0.59%), Commonwealth Equity Services LLC (0.30%), Crestwood Advisors Group LLC (0.15%) and Connors Investor Services Inc. (0.15%). Insiders that own company stock include Arthur Geiss, David Aichele, James Michael Mcguire, Jeffrey B Shealy, 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.

This page (NASDAQ:AKTS) was last updated on 12/8/2023 by MarketBeat.com Staff

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