NASDAQ:AKTS

Akoustis Technologies Stock Forecast, Price & News

$8.06

+0.23 (+2.94 %)

(As of 10/23/2020 12:00 AM ET)

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Today's Range

$7.80

Now: $8.06▼

$8.07

50-Day Range

$7.48

MA: $8.06▼

$8.54

52-Week Range

$3.76

Now: $8.06▼

$9.55

Volume463,784 shs

Average Volume320,328 shs

Market Capitalization$308.38 million

P/E RatioN/A

Dividend YieldN/A

Beta1.57

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^™

2.4 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 forecasted upside of 24.1% from its current price of $8.06.
Amount of Analyst Coverage
Akoustis Technologies has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Akoustis Technologies has received 202 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Akoustis Technologies has received 203 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Akoustis Technologies has received 50.12% “underperform” 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 sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,271,487.00 in company stock.
Percentage Held by Insiders
Only 13.70% of the stock of Akoustis Technologies is held by insiders.
Percentage Held by Institutions
38.77% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.69) to ($0.06) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Akoustis Technologies is -7.46, 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. Sector
The P/E ratio of Akoustis Technologies is -7.46, 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 Ratio
Akoustis Technologies has a P/B Ratio of 7.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.30 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

Webwww.akoustis.com

Phone704-997-5735

Employees69

Debt

Debt-to-Equity Ratio0.56

Current Ratio7.54

Quick Ratio7.52

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.79 million

Price / Sales172.28

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.14 per share

Price / Book7.07

Profitability

EPS (Most Recent Fiscal Year)($0.86)

Net Income$-36,140,000.00

Net Margins-2,018.99%

Return on Equity-81.49%

Return on Assets-47.51%

Miscellaneous

Outstanding Shares38,260,000

Market Cap$308.38 million

Next Earnings Date11/5/2020 (Estimated)

OptionableNot Optionable

$8.06

+0.23 (+2.94 %)

(As of 10/23/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Akoustis Technologies (NASDAQ:AKTS) Frequently Asked Questions

How has Akoustis Technologies' stock price been impacted by COVID-19?

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 51.8% and is now trading at $8.06.
View which stocks have been most impacted by COVID-19.

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 Thursday, November 5th 2020.
View our earnings forecast for Akoustis Technologies.

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies Inc (NASDAQ:AKTS) issued its earnings results on Monday, August, 24th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.02. The technology company had revenue of $0.37 million for the quarter, compared to the consensus estimate of $0.43 million. Akoustis Technologies had a negative net margin of 2,018.99% and a negative return on equity of 81.49%.
View Akoustis Technologies' earnings history.

What price target have analysts set for AKTS?

4 equities research analysts have issued 12-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 24.1% from the stock's current price.
View analysts' price targets for Akoustis Technologies.

Who are some of Akoustis Technologies' key competitors?

Some companies that are related to Akoustis Technologies include NETGEAR (NTGR), AudioCodes (AUDC), Telkom SA SOC (TLKGY), Plantronics (PLT), ADTRAN (ADTN), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Franklin Wireless (FKWL), Zoom Telephonics (ZMTP), AltiGen Communications (ATGN), Sunworks (SUNW), Sonim Technologies (SONM), Communications Systems (JCS), Clearone (CLRO) and Westell Technologies (WSTL).
View all competitors.

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), Square (SQ), Editas Medicine (EDIT), Marvell Technology Group (MRVL), Alibaba Group (BABA), InVitae (NVTA), Advanced Micro Devices (AMD), Crispr Therapeutics (CRSP) and JD.com (JD).

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 shareholders include Taylor Frigon Capital Management LLC (1.01%), Mission Wealth Management LP (0.64%) and NEXT Financial Group Inc (0.03%). Company insiders that own Akoustis Technologies stock include Arthur Geiss, David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy.
View institutional ownership trends for Akoustis Technologies.

Which institutional investors are selling Akoustis Technologies stock?

AKTS stock was sold by a variety of institutional investors in the last quarter, including Mission Wealth Management LP. Company insiders that have sold Akoustis Technologies company stock in the last year include David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, Kenneth Boller, Rohan Houlden, and Steven Denbaars.
View insider buying and selling activity for Akoustis Technologies.

Which institutional investors are buying Akoustis Technologies stock?

AKTS stock was purchased by a variety of institutional investors in the last quarter, including NEXT Financial Group Inc, and Taylor Frigon Capital Management LLC.
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 $8.06.

How big of a company is Akoustis Technologies?

Akoustis Technologies has a market capitalization of $308.38 million and generates $1.79 million in revenue each year. The technology company earns $-36,140,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis. Akoustis Technologies employs 69 workers across the globe.

What is Akoustis Technologies' official website?

The official website for Akoustis Technologies is 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 10/24/2020 by MarketBeat.com Staff

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