Akoustis Technologies Stock Price, News & Analysis (NASDAQ:AKTS) $0.57 -0.01 (-1.72%) (As of 12/7/2023 ET) Add Compare Share Share Today's Range$0.55▼$0.6150-Day Range$0.48▼$0.8952-Week Range$0.46▼$4.96Volume548,221 shsAverage Volume732,671 shsMarket Capitalization$41.31 millionP/E RatioN/ADividend YieldN/APrice Target$2.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Akoustis Technologies MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside316.7% Upside$2.38 Price TargetShort InterestBearish9.52% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$12,604 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.72) to ($0.39) 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.2.08 out of 5 starsComputer And Technology Sector330th out of 591 stocksTelephone & Telegraph Apparatus Industry1st out of 5 stocks 3.3 Analyst's Opinion Consensus RatingAkoustis 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/DownsideAccording 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 CoverageAkoustis Technologies has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.52% 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 7.3.Change versus previous monthShort interest in Akoustis Technologies has recently decreased by 2.68%, indicating that investor sentiment is improving. 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 2.8 News and Social Media Coverage News SentimentAkoustis 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 WeekMarketBeat has tracked 1 news article for Akoustis Technologies this week, compared to 1 article on an average week.MarketBeat Follows4 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. 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 $12,604.00 in company stock.Percentage Held by InsidersOnly 5.60% of the stock of Akoustis Technologies is held by insiders.Percentage Held by Institutions52.07% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioAkoustis 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. Previous Next 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.Read More AKTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AKTS Stock News HeadlinesDecember 6, 2023 | finance.yahoo.comAkoustis Receives First Development Order from Leading Commercial Satellite Communications Company for Use of XBAW® Foundry ServicesNovember 16, 2023 | finance.yahoo.comAkoustis Awarded Phase 2 For DARPA COFFEE ProgramDecember 8, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 15, 2023 | markets.businessinsider.comCraig-Hallum Keeps Their Buy Rating on Akoustis Technologies (AKTS)November 14, 2023 | finance.yahoo.comAkoustis Technologies, Inc. (NASDAQ:AKTS) Q1 2024 Earnings Call TranscriptNovember 13, 2023 | finanznachrichten.deAkoustis, Inc.: Akoustis Reports First Quarter FY24 ResultsNovember 13, 2023 | msn.comAkoustis Technologies Non-GAAP EPS of -$0.27 misses by $0.09, revenue of $7M misses by $0.07MNovember 10, 2023 | msn.comAkoustis receives purchase order for three BAW filter designsDecember 8, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 10, 2023 | finance.yahoo.comAkoustis Receives Purchase Order for Three BAW Filter Designs from 5G Mobile and Wi-Fi Router RF Front-End CustomerNovember 6, 2023 | finance.yahoo.comAkoustis to Webcast Q1FY24 Results on November 13 at 8:00 am ETSeptember 14, 2023 | finance.yahoo.comInsider Sell: CFO Kenneth Boller Sells 3,900 Shares of Akoustis Technologies IncSeptember 6, 2023 | marketwatch.comAkoustis Technologies Shares Drop on Weak 4Q ResultsSeptember 6, 2023 | msn.comAkoustis Technologies shares fall over 25% as quarterly earnings miss estimatesSeptember 6, 2023 | msn.comWhy Akoustis Technologies Shares Are Falling TodaySeptember 6, 2023 | markets.businessinsider.comRoth MKM Remains a Buy on Akoustis Technologies (AKTS)September 6, 2023 | finance.yahoo.comAkoustis 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-YearSeptember 5, 2023 | markets.businessinsider.comCraig-Hallum Sticks to Its Buy Rating for Akoustis Technologies (AKTS)September 5, 2023 | benzinga.comEarnings Outlook For Akoustis TechnologiesAugust 29, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Rimini Street (RMNI), Yelp (YELP) and Akoustis Technologies (AKTS)August 15, 2023 | finance.yahoo.comAkoustis to Attend the 4th Annual Needham Virtual Semiconductor & SemiCap Conference on August 22, 2023August 10, 2023 | finance.yahoo.comAKTS - Akoustis Technologies, Inc.July 20, 2023 | finance.yahoo.comAkoustis Ships Two New BAW Filters Using the XBAW® Foundry Process to 5G Mobile and Wi-Fi Router RF Front-End CustomerJune 22, 2023 | fool.comAkoustis Technologies (NASDAQ: AKTS)June 17, 2023 | finance.yahoo.comWith 54% institutional ownership, Akoustis Technologies, Inc. (NASDAQ:AKTS) is a favorite amongst the big gunsJune 13, 2023 | finance.yahoo.comAkoustis Launches State-of-the-Art XBAW® Foundry Services and AI-Enabled Engineering Design SoftwareJune 5, 2023 | finance.yahoo.comAkoustis to Exhibit and Present at the IEEE MTT-S International Microwave Symposium June 13-15See More Headlines 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 Company Calendar Last Earnings11/13/2023Today12/07/2023Next Earnings (Estimated)2/06/2024Fiscal Year End6/30/2024Get 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/AEmployees222Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.95) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio0.63 Current Ratio2.43 Quick Ratio2.04 Sales & Book Value Annual Sales$27.12 million Price / Sales1.52 Cash FlowN/A Price / Cash FlowN/A Book Value$1.20 per share Price / Book0.48Miscellaneous Outstanding Shares72,480,000Free Float68,425,000Market Cap$41.31 million OptionableNot Optionable Beta1.68 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Jeffrey B. Shealy (Age 54)Founder, President, CEO & Director Comp: $719.24kMr. Kenneth E. Boller (Age 52)CFO & Corporate Controller Comp: $321.59kMr. David M. Aichele (Age 57)Executive Vice President of Business Development Comp: $348.52kMr. Andrew WrightGeneral Counsel & Corporate SecretaryMs. Mary WintersExecutive VP of Fab & Corporate OperationsMr. Kamran CheemaChief Product OfficerMore ExecutivesKey CompetitorsDZSNASDAQ:DZSIFranklin WirelessNASDAQ:FKWLCommunications SystemsNASDAQ:JCSClearOneNASDAQ:CLROPOET TechnologiesNASDAQ:POETView All CompetitorsInsiders & InstitutionsConnors Investor Services Inc.Sold 622,959 shares on 11/22/2023Ownership: 0.151%David AicheleSold 2,600 sharesTotal: $1,534.00 ($0.59/share)Kenneth BollerSold 1,700 sharesTotal: $1,003.00 ($0.59/share)Crestwood Advisors Group LLCBought 112,012 shares on 11/15/2023Ownership: 0.155%Senvest Management LLCBought 476,314 shares on 11/14/2023Ownership: 5.255%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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