Akoustis Technologies - AKTS Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AKTS shares.
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3 brokerages have issued 12 month target prices for Akoustis Technologies' shares. Their AKTS share price forecasts range from $5.00 to $9.25. On average, they predict the company's share price to reach $7.06 in the next year. This suggests a possible upside of 141.9% from the stock's current price.
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Akoustis Technologies' stock was trading at $2.82 on January 1st, 2023. Since then, AKTS stock has increased by 3.5% and is now trading at $2.92.
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Akoustis Technologies saw a increase in short interest in February. As of February 28th, there was short interest totaling 4,450,000 shares, an increase of 11.0% from the February 13th total of 4,010,000 shares. Based on an average trading volume of 693,600 shares, the short-interest ratio is currently 6.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Akoustis Technologies, Inc. (NASDAQ:AKTS) released its quarterly earnings data on Tuesday, February, 7th. The technology company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.06. The technology company earned $5.87 million during the quarter, compared to the consensus estimate of $5.91 million. Akoustis Technologies had a negative net margin of 287.98% and a negative trailing twelve-month return on equity of 55.85%.

Defiance Next Gen Connectivity ETF holds 1,220,436 shares of AKTS stock, representing 0.63% of its portfolio.

Akoustis Technologies updated its third quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $7.04 billion-$8.21 billion, compared to the consensus revenue estimate of $7.61 million.

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).

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

Akoustis Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include Silverback Asset Management LLC (3.61%), Senvest Management LLC (2.47%), Needham Investment Management LLC (1.53%), Geode Capital Management LLC (1.45%), Penserra Capital Management LLC (1.42%) and Granahan Investment Management LLC (1.31%). 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.
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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.
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One share of AKTS stock can currently be purchased for approximately $2.92.

Akoustis Technologies (NASDAQ:AKTS) has a market capitalization of $208.93 million and generates $15.35 million in revenue each year. The technology company earns $-59,030,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis.

The company employs 156 workers across the globe.

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.