NASDAQ:AKTS Akoustis Technologies (AKTS) Stock Forecast, Price & News $3.31 +0.16 (+5.08%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$3.14▼$3.3250-Day Range$2.68▼$3.4452-Week Range$2.28▼$5.24Volume278,262 shsAverage Volume469,339 shsMarket Capitalization$237.13 millionP/E RatioN/ADividend YieldN/APrice Target$7.06 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Akoustis Technologies MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside113.4% Upside$7.06 Price TargetShort InterestBearish8.05% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.22Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.84) to ($0.41) 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.1.95 out of 5 starsComputer And Technology Sector392nd out of 609 stocksTelephone & Telegraph Apparatus Industry8th out of 12 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 113.4% from its current price of $3.31.Amount of Analyst CoverageAkoustis Technologies has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.05% 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 2.85%, 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 4.0 News and Social Media Coverage News SentimentAkoustis Technologies has a news sentiment score of 1.22. 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 2 news articles for Akoustis Technologies this week, compared to 1 article on an average week.Search Interest1 people have searched for AKTS on MarketBeat in the last 30 days. MarketBeat Follows6 people have added Akoustis Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Akoustis Technologies insiders have not sold or bought any 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 ($0.84) to ($0.41) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Akoustis Technologies is -3.18, 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 -3.18, 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 2.36. 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 HeadlinesJune 1, 2023 | finance.yahoo.comAkoustis Introduces Advanced BAW RF Filters for Wi-Fi 6E & 7 ApplicationsMay 30, 2023 | msn.comAkoustis: Wi-Fi 6E Design Wins Continue To Drive GrowthJune 4, 2023 | Behind the Markets (Ad)"How war impacts the stock market"Russia's invasion of Ukraine has already sent the stock market down 10%. But that's just the opening act for the new Russia-China Alliance. There's a major event involving China that's heating up... and it could boil over as soon as April 16th, 2023. Click Here to Learn How to Protect Your RetirementMay 17, 2023 | finance.yahoo.comAkoustis to Attend Multiple Conferences in the June 2023 QuarterMay 13, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for Akoustis Technologies, Inc.'s FY2023 Earnings (NASDAQ:AKTS)May 12, 2023 | msn.comOppenheimer Maintains Akoustis Technologies (AKTS) Outperform RecommendationMay 10, 2023 | americanbankingnews.comAkoustis Technologies (NASDAQ:AKTS) Announces Earnings ResultsMay 9, 2023 | msn.comRoth MKM Maintains Akoustis Technologies (AKTS) Buy RecommendationJune 4, 2023 | Behind the Markets (Ad)U.S. Loses to China in Shocking WAR GAMES=== BREAKING === U.S. Loses to China in Shocking WAR GAMES Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. Get the name of the stock here >>>May 8, 2023 | seekingalpha.comAkoustis Technologies GAAP EPS of -$0.23 beats by $0.06, revenue of $7.36M misses by $0.16MMay 8, 2023 | msn.comAkoustis Technologies' Q1 Misses Expectations, Sees Record Q4 RevenueMay 8, 2023 | finance.yahoo.comAkoustis Reports Sixth Consecutive Quarter of Record Revenue with Third Quarter Fiscal 2023 Sales Growing over 160% Year-Over-YearMay 5, 2023 | msn.comEarnings Preview: Akoustis TechnologiesMay 3, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Technology Companies: Formfactor (FORM), Liveperson (LPSN) and Akoustis Technologies (AKTS)May 2, 2023 | americanbankingnews.comEquities Analysts Issue Forecasts for Akoustis Technologies, Inc.'s Q1 2025 Earnings (NASDAQ:AKTS)April 28, 2023 | americanbankingnews.comAkoustis Technologies (NASDAQ:AKTS) Shares Cross Below Fifty Day Moving Average of $3.26April 26, 2023 | finance.yahoo.comAkoustis Enables New Line of Wi-Fi 6E Gateway Products for Tier-1 US-Based Service ProviderApril 22, 2023 | americanbankingnews.comAkoustis Technologies, Inc. (NASDAQ:AKTS) Sees Large Increase in Short InterestApril 18, 2023 | finance.yahoo.comAkoustis Technologies, Inc. (NASDAQ:AKTS) Not Flying Under The RadarApril 14, 2023 | msn.comUnusual Call Option Trade in Akoustis Technologies (AKTS) Worth $16.50KMarch 23, 2023 | finance.yahoo.comAkoustis Appoints Michelle L. Petock, CEO of W Greig & Company, to its Board of DirectorsMarch 11, 2023 | seekingalpha.comAkoustis: I Hear Rapidly Growing Revenue From RF DisruptionMarch 8, 2023 | finance.yahoo.comAkoustis to Attend the 35th Annual Roth Conference on March 13th, 2023February 17, 2023 | finance.yahoo.com12 Most Promising Micro-Cap Stocks According to AnalystsFebruary 8, 2023 | finance.yahoo.comAkoustis Technologies, Inc. (NASDAQ:AKTS) Q2 2023 Earnings Call TranscriptFebruary 8, 2023 | benzinga.comAkoustis Technologies's Return On Capital Employed InsightsFebruary 7, 2023 | finance.yahoo.comAkoustis Reports Fifth Consecutive Quarter of Record Revenue as Second Quarter Fiscal 2023 Sales Grew over 59% Year-Over-YearSee More Headlines AKTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AKTS Company Calendar Last Earnings5/08/2023Today6/04/2023Fiscal Year End6/30/2023Next Earnings (Estimated)9/11/2023Get 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+113.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.04) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,030,000.00 Net Margins-258.56% Pretax Margin-276.19% Return on Equity-60.18% Return on Assets-37.34% Debt Debt-to-Equity Ratio0.44 Current Ratio5.78 Quick Ratio5.14 Sales & Book Value Annual Sales$23.99 million Price / Sales9.88 Cash FlowN/A Price / Cash FlowN/A Book Value$1.40 per share Price / Book2.36Miscellaneous Outstanding Shares71,640,000Free Float67,771,000Market Cap$237.13 million OptionableNot Optionable Beta1.69 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:DZSIAudioCodesNASDAQ:AUDCClearOneNASDAQ:CLRONETGEARNASDAQ:NTGRClearfieldNASDAQ:CLFDView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 21,487 shares on 5/18/2023Ownership: 0.071%Providence Capital Advisors LLCBought 21,112 shares on 5/17/2023Ownership: 0.044%Susquehanna International Group LLPBought 26,600 shares on 5/16/2023Ownership: 0.000%First Manhattan CO. LLC.Sold 7,900 shares on 5/16/2023Ownership: 0.051%Jane Street Group LLCBought 27,900 shares on 5/16/2023Ownership: 0.000%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 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. View AKTS analyst ratings or view top-rated stocks. What is Akoustis Technologies' stock price forecast for 2023? 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. 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 the year. Since then, AKTS stock has increased by 17.4% and is now trading at $3.31. 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 Monday, September 11th 2023. View our AKTS earnings forecast. How were Akoustis Technologies' earnings last quarter? 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. What ETF holds Akoustis Technologies' stock ? Defiance Next Gen Connectivity ETF holds 1,191,190 shares of AKTS stock, representing 0.51% of its portfolio. What guidance has Akoustis Technologies issued on next quarter's earnings? 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. 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 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. 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 $3.31. How much money does Akoustis Technologies make? 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. 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 6/4/2023 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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