NASDAQ:AKTS

Akoustis Technologies (AKTS) Stock Forecast, Price & News

$0.78

+0.02 (+2.65%)

(As of 09/27/2023 ET)

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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: 0.87
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

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 $3.92, Akoustis Technologies has a forecasted upside of 405.3% from its current price of $0.78.
Amount of Analyst Coverage
Akoustis Technologies has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
9.19% 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 6.9.
Change versus previous month
Short interest in Akoustis Technologies has recently decreased by 7.89%, indicating that investor sentiment is improving significantly.

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.

3.3

News and Social Media Coverage

News Sentiment
Akoustis 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 Week
MarketBeat has tracked 2 news articles for Akoustis Technologies this week, compared to 1 article on an average week.
Search Interest
13 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 Follows
Only 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.

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 $22,877.00 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 ($0.59) to ($0.38) per share.
Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Akoustis 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.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

AKTS Stock News Headlines

September 19, 2023 | americanbankingnews.com

Short Interest in Akoustis Technologies, Inc. (NASDAQ:AKTS) Grows By 9.7%

September 14, 2023 | finance.yahoo.com

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

September 28, 2023 | Legacy Research (Ad)

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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 | markets.businessinsider.com

Roth MKM Remains a Buy on Akoustis Technologies (AKTS)

September 6, 2023 | msn.com

Why Akoustis Technologies Shares Are Falling Today

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 28, 2023 | Legacy Research (Ad)

ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing

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

June 5, 2023 | finance.yahoo.com

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

June 1, 2023 | finance.yahoo.com

Akoustis Introduces Advanced BAW RF Filters for Wi-Fi 6E & 7 Applications

May 30, 2023 | msn.com

Akoustis: Wi-Fi 6E Design Wins Continue To Drive Growth

May 17, 2023 | finance.yahoo.com

Akoustis to Attend Multiple Conferences in the June 2023 Quarter

May 12, 2023 | msn.com

Oppenheimer Maintains Akoustis Technologies (AKTS) Outperform Recommendation

May 9, 2023 | msn.com

Roth MKM Maintains Akoustis Technologies (AKTS) Buy Recommendation

May 8, 2023 | seekingalpha.com

Akoustis Technologies GAAP EPS of -$0.23 beats by $0.06, revenue of $7.36M misses by $0.16M

May 8, 2023 | msn.com

Akoustis Technologies' Q1 Misses Expectations, Sees Record Q4 Revenue

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

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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: 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

EPS (Most Recent Fiscal Year): ($1.00)
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: -234.35%
Pretax Margin: -243.37%
Return on Equity: -63.41%
Return on Assets: -38.31%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 3.41
Quick Ratio: 2.98

Sales & Book Value

Annual Sales: $27.12 million
Price / Sales: 2.07
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.20 per share
Price / Book: 0.65

Miscellaneous

Outstanding Shares: 72,360,000
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. Shealy (Age 54)
Founder, Pres, CEO & Director
Comp: $740.01k

Mr. Kenneth E. Boller (Age 52)
CFO & Corp. Controller
Comp: $279.91k

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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