NASDAQ:AKTS - Akoustis Technologies Stock Price, Forecast & News

Akoustis Technologies trades on the NASDAQ under the ticker symbol "AKTS."

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

Akoustis Technologies is scheduled to release their next quarterly earnings announcement on Friday, May 8th 2020. View Earnings Estimates for Akoustis Technologies.

4 brokerages have issued 12-month target prices for Akoustis Technologies' stock. Their forecasts range from $7.00 to $12.00. On average, they anticipate Akoustis Technologies' share price to reach $10.00 in the next year. This suggests a possible upside of 38.9% from the stock's current price. View Analyst Price Targets for 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.

Press coverage about AKTS stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 2.0 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Akoustis Technologies.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Akoustis Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Verizon Communications (VZ), Canopy Growth (CGC), Advanced Micro Devices (AMD), Crispr Therapeutics (CRSP), Editas Medicine (EDIT), InVitae (NVTA), Marvell Technology Group (MRVL) and TENCENT HOLDING/ADR (TCEHY).

Akoustis Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Silverback Asset Management LLC (3.05%), Senvest Management LLC (1.33%), State Street Corp (1.18%), Essex Investment Management Co. LLC (0.95%), Geode Capital Management LLC (0.94%) and UBS Group AG (0.89%). 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.

AKTS stock was sold by a variety of institutional investors in the last quarter, including Financial Advocates Investment Management, Benjamin F. Edwards & Company Inc., New York State Common Retirement Fund, Mercer Global Advisors Inc. ADV, Raymond James Financial Services Advisors Inc. and Bank of America Corp DE. Company insiders that have sold Akoustis Technologies company stock in the last year include David Aichele, Jeffrey B Shealy, Kenneth Boller, Rohan Houlden and Steven Denbaars. View Insider Buying and Selling for Akoustis Technologies.

AKTS stock was purchased by a variety of institutional investors in the last quarter, including Silverback Asset Management LLC, Senvest Management LLC, Taylor Frigon Capital Management LLC, Penn Capital Management Co. Inc., Perkins Capital Management Inc., Granite Point Capital Management L.P., Trellus Management Company LLC and Essex Investment Management Co. LLC. View Insider Buying and Selling for 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.

One share of AKTS stock can currently be purchased for approximately $7.20.

Akoustis Technologies has a market capitalization of $260.73 million and generates $1.44 million in revenue each year. Akoustis Technologies employs 69 workers across the globe.View Additional Information About Akoustis Technologies.

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

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]