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Sell every Stock except ONE (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Biden's Plan to Confiscate Your Cash? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Biden's Plan to Confiscate Your Cash? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Biden's Plan to Confiscate Your Cash? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Biden's Plan to Confiscate Your Cash? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Biden's Plan to Confiscate Your Cash? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Biden's Plan to Confiscate Your Cash? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)
NASDAQ:AKTS

Akoustis Technologies - AKTS Stock Forecast, Price & News

$5.12
-0.08 (-1.54%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.93
$5.19
50-Day Range
$3.36
$5.23
52-Week Range
$3.25
$10.75
Volume
322,428 shs
Average Volume
526,476 shs
Market Capitalization
$286.53 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.00

Akoustis Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
95.3% Upside
$10.00 Price Target
Short Interest
Bearish
10.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.42mentions of Akoustis Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$39,872 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.88) to ($0.55) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Computer And Technology Sector

390th out of 664 stocks

Telephone & Telegraph Apparatus Industry

5th out of 13 stocks

AKTS stock logo

About Akoustis Technologies (NASDAQ:AKTS) Stock

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-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, Wi-Fi customer premise equipment, and military and defense applications. The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price target on shares of Akoustis Technologies from $10.50 to $7.00 in a research note on Monday, May 2nd.

Akoustis Technologies Price Performance

Shares of Akoustis Technologies stock traded down $0.08 during trading hours on Tuesday, reaching $5.12. The company's stock had a trading volume of 322,428 shares, compared to its average volume of 526,476. The firm has a 50 day moving average price of $4.01 and a 200-day moving average price of $4.87. Akoustis Technologies has a one year low of $3.25 and a one year high of $10.75. The stock has a market cap of $286.53 million, a P/E ratio of -5.15 and a beta of 1.46.

Insider Transactions at Akoustis Technologies

In other news, Director Steven Denbaars sold 7,000 shares of the business's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $4.48, for a total value of $31,360.00. Following the sale, the director now directly owns 250,545 shares in the company, valued at approximately $1,122,441.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.70% of the company's stock.

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AKTS Stock News Headlines

Akoustis Technologies FQ3 2022 Earnings Preview
AKTS Jun 2022 12.500 call
Akoustis Technologies names Ken Boller as CFO
Akoustis Appoints Ken Boller as Chief Financial Officer
Akoustis Technologies Q2 2022 Earnings Preview
Akoustis Technologies Rises 12%; Adds Third Mobile Customer
Akoustis (AKTS) Reports Q1 Loss, Misses Revenue Estimates
See More Headlines
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AKTS Company Calendar

Last Earnings
10/31/2021
Today
8/16/2022
Next Earnings (Estimated)
8/29/2022
Fiscal Year End
6/30/2023

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
$10.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+95.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-44,160,000.00
Net Margins
-430.10%
Pretax Margin
-431.65%

Debt

Sales & Book Value

Annual Sales
$6.62 million
Book Value
$2.33 per share

Miscellaneous

Free Float
52,773,000
Market Cap
$286.53 million
Optionable
Not Optionable
Beta
1.46














AKTS Stock - Frequently Asked Questions

Should I buy or sell Akoustis Technologies stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 2022?

1 Wall Street analysts have issued 1 year target prices for Akoustis Technologies' shares. Their AKTS share price forecasts range from $7.00 to $13.00. On average, they expect the company's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 95.3% 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 2022?

Akoustis Technologies' stock was trading at $6.68 at the beginning of 2022. Since then, AKTS shares have decreased by 23.4% and is now trading at $5.12.
View the best growth stocks for 2022 here
.

When is Akoustis Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022.
View our AKTS earnings forecast
.

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies, Inc. (NASDAQ:AKTS) announced its quarterly earnings data on Sunday, October, 31st. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.05. The technology company earned $1.87 million during the quarter, compared to analyst estimates of $1.97 million. Akoustis Technologies had a negative net margin of 430.10% and a negative trailing twelve-month return on equity of 38.00%. The firm's quarterly revenue was up 192.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.23) earnings per share.

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 Elemental Capital Partners LLC (4.52%), Handelsbanken Fonder AB (3.00%), Ashford Capital Management Inc. (1.84%), Needham Investment Management LLC (1.58%), State Street Corp (1.56%) and Connors Investor Services Inc. (1.05%). 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 $5.12.

How much money does Akoustis Technologies make?

Akoustis Technologies (NASDAQ:AKTS) has a market capitalization of $286.53 million and generates $6.62 million in revenue each year. The technology company earns $-44,160,000.00 in net income (profit) each year or ($1.01) 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 8/17/2022 by MarketBeat.com Staff

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