NASDAQ:AKTS Akoustis Technologies - AKTS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Akoustis Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $4.07 +0.23 (+5.99%) (As of 02/2/2023 12:00 AM ET) Add Compare Share Share Today's Range$3.95▼$4.1650-Day Range$2.40▼$3.8452-Week Range$2.28▼$7.13Volume1.66 million shsAverage Volume982,025 shsMarket Capitalization$240.17 millionP/E RatioN/ADividend YieldN/APrice Target$7.06 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Akoustis Technologies MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside73.5% Upside$7.06 Price TargetShort InterestBearish8.41% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.62Based on 3 Articles This WeekInsider TradingSelling Shares$57,426 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.93) to ($0.47) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.01 out of 5 starsComputer And Technology Sector355th out of 614 stocksTelephone & Telegraph Apparatus Industry8th out of 11 stocks 3.5 Analyst's Opinion Consensus RatingAkoustis Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.06, Akoustis Technologies has a forecasted upside of 73.5% from its current price of $4.07.Amount of Analyst CoverageAkoustis Technologies has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.41% of the outstanding shares of Akoustis Technologies have been sold short.Short Interest Ratio / Days to CoverAkoustis Technologies has a short interest ratio ("days to cover") of 9.7.Change versus previous monthShort interest in Akoustis Technologies has recently increased by 0.81%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldAkoustis Technologies does not currently pay a dividend.Dividend GrowthAkoustis Technologies does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AKTS. Previous Next 3.7 News and Social Media Coverage News SentimentAkoustis Technologies has a news sentiment score of 0.62. 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 0.42 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Akoustis Technologies this week, compared to 0 articles on an average week.Search Interest6 people have searched for AKTS on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows11 people have added Akoustis Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn 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 $57,426.00 in company stock.Percentage Held by InsidersOnly 5.40% of the stock of Akoustis Technologies is held by insiders.Percentage Held by Institutions49.05% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Akoustis Technologies are expected to grow in the coming year, from ($0.93) to ($0.47) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Akoustis Technologies is -3.45, 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. SectorThe P/E ratio of Akoustis Technologies is -3.45, 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 RatioAkoustis Technologies has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Akoustis Technologies (NASDAQ:AKTS) StockAkoustis Technologies, Inc. is a filter solutions company, which engages in the development, design, and manufacture of radio frequency (RF) filter products. It operates through the Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment is composed of engineering review services and STC-MEMS foundry services. The RF Filters segment includes amplifier and filter product sales, and grant revenue. The company was founded by Jeffrey B. Shealy in 2014 and is headquartered in Huntersville, NC.Read More Receive AKTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Akoustis Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address AKTS Stock News HeadlinesJanuary 26, 2023 | americanbankingnews.comAkoustis Technologies (NASDAQ:AKTS) Now Covered by B. RileyJanuary 26, 2023 | americanbankingnews.comAkoustis Technologies Sees Unusually High Options Volume (NASDAQ:AKTS)February 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 24, 2023 | americanbankingnews.comAkoustis Technologies, Inc. (NASDAQ:AKTS) Sees Significant Growth in Short InterestDecember 30, 2022 | seekingalpha.comAkoustis Is Entering The Big LeagueDecember 28, 2022 | finance.yahoo.comAkoustis Receives First 5G Mobile BAW Filter Design Win from Tier-1 RF Component CompanyDecember 24, 2022 | forbes.comAkoustis TechnologiesDecember 23, 2022 | benzinga.comLooking Into Akoustis Technologies's Return On Capital EmployedFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 21, 2022 | finance.yahoo.comAkoustis Completes Qualification of First Wafer-Level-Packages for 5G Mobile & Other MarketsNovember 21, 2022 | finance.yahoo.comAkoustis Joins Wi-Fi NOW Industry Association as Official RF Filter PartnerNovember 18, 2022 | finance.yahoo.comZacks Industry Outlook Highlights Akoustis Technologies and RF IndustriesNovember 1, 2022 | finance.yahoo.comInsiders who purchased Akoustis Technologies, Inc. (NASDAQ:AKTS) stock last year recover some losses which currently stand at US$40kOctober 6, 2022 | finance.yahoo.comAkoustis Becomes Charter Member of the Semiconductor Industry AssociationSeptember 28, 2022 | finance.yahoo.comAkoustis Receives Fourth Design Win for a New 5G Mobile Network Infrastructure XBAW FilterSeptember 13, 2022 | msn.comAkoustis Technologies's Return On Capital Employed OverviewSeptember 12, 2022 | finance.yahoo.comAkoustis Posts Record Q4 Revenue Aided By XBAW RF Filter Solutions To 5G Mobile, Automotive MarketsSeptember 12, 2022 | fool.comAkoustis Technologies, Inc. (AKTS) Q4 2022 Earnings Call TranscriptSeptember 8, 2022 | finance.yahoo.comAkoustis Enters Gaming Market with Two Design Wins from New CustomersSeptember 1, 2022 | finance.yahoo.comAkoustis Shipped Second Iteration XBAW Filter to RF Front-End Module Customer and Received Development Order for Two New XBAW Filter DesignsAugust 10, 2022 | finance.yahoo.comAkoustis Founder and CEO Jeff Shealy to Appear on Fox Business Network's Cavuto: Coast to Coast at 1:20 pm ET TodayAugust 1, 2022 | finance.yahoo.comAkoustis Founder and CEO Jeff Shealy to Discuss the CHIPS and Science Act 2022 and 5G Mobile on Yahoo Finance at 11:40 am ET TodayJune 8, 2022 | americanbankingnews.comAkoustis Technologies (NASDAQ:AKTS) Rating Lowered to Hold at Zacks Investment ResearchMay 3, 2022 | finance.yahoo.comAkoustis to Attend Oppenheimer’s 7th Annual Emerging Growth Conference on May 10, 2022May 2, 2022 | finance.yahoo.comAkoustis (AKTS) Reports Q3 Loss, Lags Revenue EstimatesApril 29, 2022 | seekingalpha.comAkoustis Technologies FQ3 2022 Earnings PreviewApril 25, 2022 | nz.finance.yahoo.comFurther weakness as Akoustis Technologies (NASDAQ:AKTS) drops 15% this week, taking one-year losses to 60%See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AKTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Akoustis Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address AKTS Company Calendar Last Earnings11/14/2022Today2/02/2023Next Earnings (Confirmed)2/07/2023Fiscal Year End6/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Telephone & telegraph apparatus Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:AKTS CUSIPN/A CIK1584754 Webwww.akoustis.com Phone(704) 997-5735FaxN/AEmployees156Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.06 High Stock Price Forecast$9.25 Low Stock Price Forecast$5.00 Forecasted Upside/Downside+73.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.18) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,030,000.00 Net Margins-342.71% Pretax Margin-353.51% Return on Equity-51.16% Return on Assets-38.65% Debt Debt-to-Equity Ratio0.51 Current Ratio5.75 Quick Ratio5.39 Sales & Book Value Annual Sales$15.35 million Price / Sales15.65 Cash FlowN/A Price / Cash FlowN/A Book Value$1.85 per share Price / Book2.20Miscellaneous Outstanding Shares59,010,000Free Float55,823,000Market Cap$240.17 million OptionableNot Optionable Beta1.74 Key ExecutivesJeffrey B. ShealyPresident, Chief Executive Officer & DirectorRobert DryVice President-Operations & TestKenneth BollerChief Financial OfficerDavid M. AicheleExecutive Vice President-Business DevelopmentKamran CheemaChief Product OfficerKey CompetitorsDZSNASDAQ:DZSINETGEARNASDAQ:NTGRAudioCodesNASDAQ:AUDCAsure SoftwareNASDAQ:ASURBackblazeNASDAQ:BLZEView All CompetitorsInsiders & InstitutionsEndurance Wealth Management Inc.Sold 90,743 shares on 2/1/2023Ownership: 0.335%Legato Capital Management LLCBought 36,080 shares on 2/1/2023Ownership: 0.061%Redwood Wealth Management Group LLCBought 25,165 shares on 2/1/2023Ownership: 0.043%Sargent Investment Group LLCSold 74,845 shares on 1/31/2023Ownership: 0.901%Jeffrey B ShealySold 2,340 sharesTotal: $6,645.60 ($2.84/share)View All Insider TransactionsView All Institutional Transactions AKTS Stock - Frequently Asked Questions Should I buy or sell Akoustis Technologies stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AKTS shares. View AKTS analyst ratings or view top-rated stocks. What is Akoustis Technologies' stock price forecast for 2023? 3 equities research analysts have issued 12-month price objectives 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 75.2% 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 2023. Since then, AKTS stock has increased by 42.9% and is now trading at $4.03. 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 7th 2023. View our AKTS earnings forecast. How can I listen to Akoustis Technologies' earnings call? Akoustis Technologies will be holding an earnings conference call on Tuesday, February 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Akoustis Technologies' earnings last quarter? Akoustis Technologies, Inc. (NASDAQ:AKTS) released its earnings results on Monday, November, 14th. The technology company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.08. The technology company had revenue of $5.57 million for the quarter, compared to the consensus estimate of $5.59 million. Akoustis Technologies had a negative net margin of 342.71% and a negative trailing twelve-month return on equity of 51.16%. What guidance has Akoustis Technologies issued on next quarter's earnings? Akoustis Technologies issued an update on its earnings guidance on Thursday, January, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.90 million-$5.90 million, compared to the consensus revenue estimate of $5.95 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 many different institutional and retail investors. Top institutional shareholders include Sargent Investment Group LLC (0.90%), Endurance Wealth Management Inc. (0.33%), Legato Capital Management LLC (0.06%), Redwood Wealth Management Group LLC (0.04%) and Concourse Financial Group Securities Inc. (0.00%). 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 $4.03. How much money does Akoustis Technologies make? Akoustis Technologies (NASDAQ:AKTS) has a market capitalization of $237.81 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 ($1.18) on an earnings per share basis. How many employees does Akoustis Technologies have? The company employs 156 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 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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