NASDAQ:AKTS Akoustis Technologies Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $8.16 -0.35 (-4.11 %) (As of 09/30/2020 12:00 AM ET) Add Compare Share Today's Range$8.09Now: $8.16▼$8.6250-Day Range$7.48MA: $8.08▼$8.6752-Week Range$3.76Now: $8.16▼$9.55Volume422,904 shsAverage Volume595,898 shsMarket Capitalization$312.19 millionP/E RatioN/ADividend YieldN/ABeta1.65 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.4 Analyst's Opinion Consensus RatingAkoustis 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/DownsideAccording to analysts' consensus price target of $10.00, Akoustis Technologies has a forecasted upside of 22.5% from its current price of $8.16.Amount of Analyst CoverageAkoustis Technologies has only been the subject of 1 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesAkoustis Technologies has received 202 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAkoustis Technologies has received 201 “underperform” votes. (Add your “underperform” vote.)Community SentimentAkoustis Technologies has received 50.12% “outperform” 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. 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 1.0 Company Ownership Insider Buying vs. Insider SellingIn 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 $537,852.00 in company stock.Percentage Held by InsidersOnly 13.70% of the stock of Akoustis Technologies is held by insiders.Percentage Held by Institutions38.77% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Akoustis Technologies is -7.56, 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 -7.56, 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 7.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -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 Phone704-997-5735Debt Debt-to-Equity Ratio0.56 Current Ratio7.54 Quick Ratio7.52Price-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 / Sales174.41 Cash FlowN/A Price / Cash FlowN/A Book Value$1.14 per share Price / Book7.16Profitability 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 Employees69 Outstanding Shares38,258,000Market Cap$312.19 million Next Earnings Date11/5/2020 (Estimated) OptionableNot Optionable $8.16 -0.35 (-4.11 %) (As of 09/30/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive AKTS News and Ratings via Email Sign-up to receive the latest news and ratings for AKTS and its competitors with MarketBeat's FREE daily newsletter. Akoustis Technologies (NASDAQ:AKTS) Frequently Asked Questions How has Akoustis Technologies' stock 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. Since then, AKTS shares have increased by 53.7% and is now trading at $8.16. 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) announced its quarterly earnings data on Monday, August, 24th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.02. The technology company had revenue of $0.37 million for the quarter, compared to analyst estimates of $0.43 million. Akoustis Technologies had a negative return on equity of 81.49% and a negative net margin of 2,018.99%. View Akoustis Technologies' earnings history. What price target have analysts set for AKTS? 4 brokers have issued 12-month price objectives 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 twelve months. This suggests a possible upside of 22.5% 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 Infinera (INFN), AudioCodes (AUDC), NetGear (NTGR), Telkom SA Ltd ADS (TLKGY), ADTRAN (ADTN), Plantronics (PLT), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Franklin Wireless (FKWL), AltiGen Communications (ATGN), Sonim Technologies (SONM), Zoom Telephonics (ZMTP), Sunworks (SUNW), Clearone (CLRO) and Communications Systems (JCS). 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 OfficerMr. 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." 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 $8.16. How big of a company is Akoustis Technologies? Akoustis Technologies has a market capitalization of $312.19 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 9/30/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
