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S&P 500   4,282.37
DOW   33,762.76
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MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
15 A.I. Trading Opportunities a Day (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:AKTS

Akoustis Technologies (AKTS) Stock Forecast, Price & News

$3.31
+0.16 (+5.08%)
(As of 06/2/2023 ET)
Compare
Today's Range
$3.14
$3.32
50-Day Range
$2.68
$3.44
52-Week Range
$2.28
$5.24
Volume
278,262 shs
Average Volume
469,339 shs
Market Capitalization
$237.13 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.06

Akoustis Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
113.4% Upside
$7.06 Price Target
Short Interest
Bearish
8.05% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.22mentions of Akoustis Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.84) to ($0.41) Per Share

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 stars

Computer And Technology Sector

392nd out of 609 stocks

Telephone & Telegraph Apparatus Industry

8th out of 12 stocks


AKTS stock logo

About Akoustis Technologies (NASDAQ:AKTS) Stock

Akoustis 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.

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AKTS Stock News Headlines

"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 Retirement
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 >>>
12 Most Promising Micro-Cap Stocks According to Analysts
See More Headlines

AKTS Price History

AKTS Company Calendar

Last Earnings
5/08/2023
Today
6/04/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
9/11/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:AKTS
Fax
N/A
Employees
156
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-59,030,000.00
Net Margins
-258.56%
Pretax Margin
-276.19%

Debt

Sales & Book Value

Annual Sales
$23.99 million
Book Value
$1.40 per share

Miscellaneous

Free Float
67,771,000
Market Cap
$237.13 million
Optionable
Not Optionable
Beta
1.69

Key Executives

  • Jeffrey B. ShealyJeffrey B. Shealy
    President, Chief Executive Officer & Director
  • Robert Dry
    Vice President-Operations & Test
  • Kenneth BollerKenneth Boller
    Chief Financial Officer
  • David M. AicheleDavid M. Aichele
    Executive Vice President-Business Development
  • Kamran Cheema
    Chief Product Officer













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

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