NASDAQ:AKTSAkoustis Technologies Stock Price, Forecast & 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 $7.84 +0.45 (+6.09 %) (As of 06/1/2020 04:00 PM ET) Add Compare Share Today's Range$7.30Now: $7.84▼$7.9850-Day Range$5.63MA: $7.93▼$9.0652-Week Range$3.76Now: $7.84▼$9.31Volume573,483 shsAverage Volume655,520 shsMarket Capitalization$285.92 millionP/E RatioN/ADividend YieldN/ABeta1.48 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial 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™ 2.3 Analyst's Opinion Consensus RatingAkoustis Technologies has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.33, Akoustis Technologies has a potential upside of 19.0% from its current price of $7.84.Amount of Analyst CoverageAkoustis Technologies has only been the subject of 1 research reports in the past 90 days. Previous Next 2.6 Community Rank Outperform VotesAkoustis Technologies has received 201 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAkoustis Technologies has received 193 “underperform” votes. (Add your “underperform” vote.)Community SentimentAkoustis Technologies has received 51.02% “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 not sold or bought any company stock.Percentage Held by InsidersOnly 18.00% of the stock of Akoustis Technologies is held by insiders.Percentage Held by Institutions40.59% 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 ($0.87) to ($0.53) per share.Price to Book Value per Share RatioAkoustis Technologies has a P/B Ratio of 9.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.31 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 Ratio0.54 Current Ratio11.38 Quick Ratio11.36Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$1.44 million Price / Sales198.55 Cash FlowN/A Price / Cash FlowN/A Book Value$0.87 per share Price / Book9.01Profitability EPS (Most Recent Fiscal Year)N/A Net Income$-29,250,000.00 Net Margins-1,595.99% Return on Equity-87.59% Return on Assets-50.34%Miscellaneous Employees69 Outstanding Shares36,469,000Market Cap$285.92 million Next Earnings Date8/3/2020 (Estimated) OptionableNot Optionable NASDAQ:AKTS Rates by TradingView 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 (Coronavirus)? 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 47.6% and is now trading at $7.84. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Akoustis Technologies? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 1 hold rating and 2 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 Monday, August 3rd 2020. View our earnings forecast for Akoustis Technologies. How were Akoustis Technologies' earnings last quarter? Akoustis Technologies Inc (NASDAQ:AKTS) released its earnings results on Monday, May, 4th. The technology company reported ($0.21) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.20) by $0.01. The technology company earned $0.36 million during the quarter, compared to analyst estimates of $0.51 million. Akoustis Technologies had a negative net margin of 1,595.99% and a negative return on equity of 87.59%. View Akoustis Technologies' earnings history. What price target have analysts set for AKTS? 3 brokers have issued 12 month target prices for Akoustis Technologies' stock. Their forecasts range from $7.00 to $11.00. On average, they expect Akoustis Technologies' share price to reach $9.33 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for Akoustis Technologies. Has Akoustis Technologies been receiving favorable news coverage? News headlines about AKTS stock have been trending very negative on Monday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Akoustis Technologies earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutAkoustis Technologies. Who are some of Akoustis Technologies' key competitors? Some companies that are related to Akoustis Technologies include Infinera (INFN), NetGear (NTGR), ADTRAN (ADTN), Telkom SA Ltd ADS (TLKGY), Plantronics (PLT), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Franklin Wireless (FKWL), Communications Systems (JCS), Zoom Telephonics (ZMTP), AltiGen Communications (ATGN), Clearone (CLRO), Sonim Technologies (SONM), Westell Technologies (WSTL) and Sunworks (SUNW). 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 NVIDIA (NVDA), Inseego (INSG), Alibaba Group (BABA), Editas Medicine (EDIT), Crispr Therapeutics (CRSP), Square (SQ), InVitae (NVTA), Marvell Technology Group (MRVL), Advanced Micro Devices (AMD) and QUALCOMM (QCOM). 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." Who are Akoustis Technologies' major shareholders? Akoustis Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.06%), Needham Investment Management LLC (1.65%), North Run Capital LP (1.36%), Geode Capital Management LLC (1.31%), State Street Corp (1.26%) and Taylor Frigon Capital Management LLC (0.99%). 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. Which major investors are selling Akoustis Technologies stock? AKTS stock was sold by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, Morgan Stanley, First Washington CORP, North Run Capital LP, Mission Wealth Management LP, Mission Wealth Management LP, Mutual of America Capital Management LLC, and UBS Group AG. Company insiders that have sold Akoustis Technologies company stock in the last year include David Aichele, Jeffrey B Shealy, Rohan Houlden, and Steven Denbaars. View insider buying and selling activity for Akoustis Technologies. Which major investors are buying Akoustis Technologies stock? AKTS stock was purchased by a variety of institutional investors in the last quarter, including Needham Investment Management LLC, Handelsinvest Investeringsforvaltning, Taylor Frigon Capital Management LLC, Geode Capital Management LLC, Taylor Frigon Capital Management LLC, BlackRock Inc., Granahan Investment Management Inc. MA, and Commonwealth Equity Services 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 $7.84. How big of a company is Akoustis Technologies? Akoustis Technologies has a market capitalization of $285.92 million and generates $1.44 million in revenue each year. 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 6/1/2020 by MarketBeat.com Staff
