Akoustis Technologies (AKTS) Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" AKTS shares.
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3 equities research analysts have issued 1-year 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 twelve months. This suggests a possible upside of 113.4% from the stock's current price.
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Akoustis Technologies' stock was trading at $2.82 at the beginning of the year. Since then, AKTS stock has increased by 17.4% and is now trading at $3.31.
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The company is scheduled to release its next quarterly earnings announcement on Monday, September 11th 2023.
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Akoustis Technologies, Inc. (NASDAQ:AKTS) released its earnings results on Monday, May, 8th. The technology company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by $0.02. The technology company earned $7.36 million during the quarter, compared to the consensus estimate of $7.55 million. Akoustis Technologies had a negative trailing twelve-month return on equity of 60.18% and a negative net margin of 258.56%. During the same period in the prior year, the firm posted ($0.22) earnings per share.

Defiance Next Gen Connectivity ETF holds 1,191,190 shares of AKTS stock, representing 0.51% of its portfolio.

Akoustis Technologies updated its fourth quarter 2023 earnings guidance on Monday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.09 million-$8.83 million, compared to the consensus revenue estimate of $9.08 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 shareholders include BlackRock Inc. (5.34%), Silverback Asset Management LLC (2.48%), First Washington CORP (2.26%), Geode Capital Management LLC (1.96%), Herald Investment Management Ltd (1.82%) and Penserra Capital Management LLC (1.66%). 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 $3.31.

Akoustis Technologies (NASDAQ:AKTS) has a market capitalization of $237.13 million and generates $23.99 million in revenue each year. The technology company earns $-59,030,000.00 in net income (profit) each year or ($1.04) 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.