NASDAQ:AKTSAkoustis Technologies Stock Price, Forecast & News

$7.11

+1.48 (+26.29 %)

(As of 04/10/2020 08:07 AM ET)

Add

Compare

Today's Range

$6.43

Now: $7.11▼

$7.47

50-Day Range

$4.15

MA: $5.76▼

$8.21

52-Week Range

$3.76

Now: $7.11▼

$9.25

Volume2.88 million shs

Average Volume673,223 shs

Market Capitalization$257.45 million

P/E RatioN/A

Dividend YieldN/A

Beta0.98

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industries in the United States. The company operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and smart systems technology and commercialization center foundry, as well as manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and Wi-Fi premise equipment. The company was founded in 2014 and is headquartered in Huntersville, North Carolina.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Akoustis Technologies has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.00, Akoustis Technologies has a potential upside of 40.6% from its current price of $7.11.
Amount of Analyst Coverage
Akoustis Technologies has received no research coverage in the past 90 days.

2.5 Community Rank

Outperform Votes
Akoustis Technologies has received 197 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Akoustis Technologies has received 191 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Akoustis Technologies has received 50.77% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Akoustis Technologies and other stocks. Vote “Outperform” if you believe AKTS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AKTS will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Akoustis Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 18.00% of the stock of Akoustis Technologies is held by insiders.
Percentage Held by Institutions
40.67% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Akoustis Technologies are expected to decrease by -62.35% in the coming year, from ($0.85) to ($0.32) per share.
Price to Book Value per Share Ratio
Akoustis Technologies has a P/B Ratio of 8.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.38 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Telephone & telegraph apparatus

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:AKTS

Previous Symbol

CUSIPN/A

CIK1584754

Webhttp://www.akoustis.com/

Phone704-997-5735

Debt

Debt-to-Equity Ratio0.47

Current Ratio11.73

Quick Ratio11.71

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.44 million

Price / Sales178.79

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.87 per share

Price / Book8.17

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$-29,250,000.00

Net Margins-1,791.55%

Return on Equity-98.09%

Return on Assets-55.17%

Miscellaneous

Employees69

Outstanding Shares36,210,000

Market Cap$257.45 million

Next Earnings Date5/8/2020 (Estimated)

OptionableNot Optionable

Receive AKTS News and Ratings via Email

Sign-up to receive the latest news and ratings for AKTS and its competitors with MarketBeat's FREE daily newsletter.

Akoustis Technologies (NASDAQ:AKTS) Frequently Asked Questions

How has Akoustis Technologies' stock been impacted by COVID-19 (Coronavirus)?

Akoustis Technologies' stock was trading at $5.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AKTS shares have increased by 33.9% and is now trading at $7.11. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Akoustis Technologies?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akoustis Technologies.

When is Akoustis Technologies' next earnings date?

Akoustis Technologies is scheduled to release its next quarterly earnings announcement on Friday, May 8th 2020. View our earnings forecast for Akoustis Technologies.

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies Inc (NASDAQ:AKTS) announced its earnings results on Monday, February, 3rd. The technology company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by $0.04. The technology company earned $0.52 million during the quarter, compared to analyst estimates of $0.55 million. Akoustis Technologies had a negative return on equity of 98.09% and a negative net margin of 1,791.55%. View Akoustis Technologies' earnings history.

What price target have analysts set for AKTS?

4 brokers have issued twelve-month target prices for Akoustis Technologies' shares. Their forecasts range from $7.00 to $12.00. On average, they expect Akoustis Technologies' share price to reach $10.00 in the next year. This suggests a possible upside of 40.6% from the stock's current price. View analysts' price targets for Akoustis Technologies.

Has Akoustis Technologies been receiving favorable news coverage?

News articles about AKTS stock have been trending very negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Akoustis Technologies earned a news impact score of -3.3 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutAkoustis Technologies.

Who are some of Akoustis Technologies' key competitors?

Some companies that are related to Akoustis Technologies include NetGear (NTGR), Telkom SA Ltd ADS (TLKGY), Plantronics (PLT), ADTRAN (ADTN), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Franklin Wireless (FKWL), Communications Systems (JCS), Zoom Technologies (ZOOM), AltiGen Communications (ATGN), Clearone (CLRO), Zoom Telephonics (ZMTP), Sonim Technologies (SONM), Westell Technologies (WSTL) and One Horizon Group (OHGI).

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 NVIDIA (NVDA), Crispr Therapeutics (CRSP), Inovio Pharmaceuticals (INO), Verizon Communications (VZ), Advanced Micro Devices (AMD), Editas Medicine (EDIT), Canopy Growth (CGC), Alibaba Group (BABA), InVitae (NVTA) and Inseego (INSG).

Who are Akoustis Technologies' key executives?

Akoustis Technologies' management team includes the following people:

Mr. Jeffrey B. Shealy, Founder,Pres, CEO & Director (Age 50)
Mr. David M. Aichele, VP of Bus. Devel. (Age 53)
Mr. Kenneth Boller, Interim Chief Financial Officer
Mr. Thomas Andrew Sepenzis, Director of Investor Relations (Age 47)
Mr. Drew Wright, Gen. Counsel & Corp. Sec.

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 institutional and retail investors. Top institutional investors include Ipswich Investment Management Co. Inc. (0.03%). Company insiders that own Akoustis Technologies stock include Arthur Geiss, David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, John T Kurtzweil, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy. View institutional ownership trends for Akoustis Technologies.

Which major investors are buying Akoustis Technologies stock?

AKTS stock was acquired by a variety of institutional investors in the last quarter, including Ipswich Investment Management Co. Inc.. View insider buying and selling activity for Akoustis Technologies.

How do I buy shares of Akoustis Technologies?

Shares of AKTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Akoustis Technologies' stock price today?

One share of AKTS stock can currently be purchased for approximately $7.11.

How big of a company is Akoustis Technologies?

Akoustis Technologies has a market capitalization of $257.45 million and generates $1.44 million in revenue each year. Akoustis Technologies employs 69 workers across the globe. View additional information about Akoustis Technologies.

What is Akoustis Technologies' official website?

The official website for Akoustis Technologies is http://www.akoustis.com/.

How can I contact Akoustis Technologies?

Akoustis Technologies' mailing address is 9805 NORTHCROSS CENTER COURT SUITE A, HUNTERSVILLE NC, 28078. The technology company can be reached via phone at 704-997-5735 or via email at [email protected]

This page was last updated on 4/10/2020 by MarketBeat.com Staff