NASDAQ:AKTS

Akoustis Technologies - AKTS Stock Forecast, Price & News

$2.83

-0.13 (-4.39%)

(As of 10/7/2022 05:28 PM ET)

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Today's Range: $2.79
▼
$2.91
50-Day Range: $2.84
▼
$5.23
52-Week Range: $2.77
▼
$9.10

Volume: 286,118 shs
Average Volume: 494,824 shs
Market Capitalization: $161.96 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

Akoustis Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 214.7% Upside
$9.00 Price Target
Short Interest: Bearish
9.24% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$111,688 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.71) to ($0.46) Per Share

Overall MarketRank^™

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

1.82 out of 5 stars

Computer And Technology Sector

509th out of 633 stocks

Telephone & Telegraph Apparatus Industry

7th out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Akoustis Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.00, Akoustis Technologies has a forecasted upside of 214.7% from its current price of $2.86.
Amount of Analyst Coverage
Akoustis Technologies has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
9.24% of the outstanding shares of Akoustis Technologies have been sold short.
Short Interest Ratio / Days to Cover
Akoustis Technologies has a short interest ratio ("days to cover") of 16.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Akoustis Technologies has recently increased by 0.38%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Akoustis Technologies does not currently pay a dividend.
Dividend Growth
Akoustis Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AKTS.

3.0

News and Social Media Coverage

News Sentiment
Akoustis Technologies has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Akoustis Technologies this week, compared to 1 article on an average week.
Search Interest
6 people have searched for AKTS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Akoustis Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In 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 $111,688.00 in company stock.
Percentage Held by Insiders
Only 5.40% of the stock of Akoustis Technologies is held by insiders.
Percentage Held by Institutions
52.22% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.71) to ($0.46) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Akoustis Technologies is -2.60, 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. Sector
The P/E ratio of Akoustis Technologies is -2.60, 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 Ratio
Akoustis Technologies has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Akoustis Technologies (NASDAQ:AKTS) Stock

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services and microelectromechanical systems foundry services. The RF Filters segment sells 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. Akoustis Technologies, Inc. is headquartered in Huntersville, North Carolina.

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AKTS Stock News Headlines

October 6, 2022 | finance.yahoo.com

Akoustis Becomes Charter Member of the Semiconductor Industry Association

September 28, 2022 | finance.yahoo.com

Akoustis Receives Fourth Design Win for a New 5G Mobile Network Infrastructure XBAW Filter

September 13, 2022 | msn.com

Akoustis Technologies's Return On Capital Employed Overview

September 12, 2022 | finance.yahoo.com

Akoustis Posts Record Q4 Revenue Aided By XBAW RF Filter Solutions To 5G Mobile, Automotive Markets

September 12, 2022 | fool.com

Akoustis Technologies, Inc. (AKTS) Q4 2022 Earnings Call Transcript

September 8, 2022 | finance.yahoo.com

Akoustis Enters Gaming Market with Two Design Wins from New Customers

September 1, 2022 | finance.yahoo.com

Akoustis Shipped Second Iteration XBAW Filter to RF Front-End Module Customer and Received Development Order for Two New XBAW Filter Designs

August 10, 2022 | finance.yahoo.com

Akoustis Founder and CEO Jeff Shealy to Appear on Fox Business Network's Cavuto: Coast to Coast at 1:20 pm ET Today

August 1, 2022 | finance.yahoo.com

Akoustis Founder and CEO Jeff Shealy to Discuss the CHIPS and Science Act 2022 and 5G Mobile on Yahoo Finance at 11:40 am ET Today

June 8, 2022 | americanbankingnews.com

Akoustis Technologies (NASDAQ:AKTS) Rating Lowered to Hold at Zacks Investment Research

May 3, 2022 | finance.yahoo.com

Akoustis to Attend Oppenheimer’s 7th Annual Emerging Growth Conference on May 10, 2022

May 2, 2022 | finance.yahoo.com

Akoustis (AKTS) Reports Q3 Loss, Lags Revenue Estimates

April 29, 2022 | seekingalpha.com

Akoustis Technologies FQ3 2022 Earnings Preview

April 25, 2022 | nz.finance.yahoo.com

Further weakness as Akoustis Technologies (NASDAQ:AKTS) drops 15% this week, taking one-year losses to 60%

April 18, 2022 | finance.yahoo.com

Zacks Industry Outlook Highlights Akoustis Technologies, and RF Industries.

March 20, 2022 | finance.yahoo.com

AKTS Jun 2022 12.500 call

February 23, 2022 | seekingalpha.com

Akoustis nabs 5G Mobile XBAW Filter development order from new customer

February 10, 2022 | seekingalpha.com

Akoustis Technologies names Ken Boller as CFO

February 10, 2022 | finance.yahoo.com

Akoustis Appoints Ken Boller as Chief Financial Officer

February 1, 2022 | finance.yahoo.com

Akoustis Technologies, Inc. (AKTS) Q2 2022 Earnings Call Transcript

January 28, 2022 | seekingalpha.com

Akoustis Technologies Q2 2022 Earnings Preview

January 9, 2022 | nasdaq.com

Akoustis Technologies Inc Shares Near 52-Week Low - Market Mover

January 4, 2022 | finance.yahoo.com

Akoustis to Present at the 24th Annual Needham Growth Conference on January 10, 2022, at 2:45 pm ET

December 16, 2021 | benzinga.com

Akoustis Pockets Purchase Order From New Tier-1 Mobile Customer

December 16, 2021 | finance.yahoo.com

Akoustis Receives Purchase Order from New Tier-1 Mobile Customer

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30 days | 90 days | 365 days | Advanced Chart

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AKTS Company Calendar

Last Earnings: 10/31/2021
Today: 10/07/2022
Next Earnings (Estimated): 11/07/2022
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:AKTS
CUSIP: N/A
CIK: 1584754
Web: www.akoustis.com
Phone: (704) 997-5735
Fax: N/A
Employees: 156
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.00
High Stock Price Forecast: $13.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +218.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-59,030,000.00
Net Margins: -384.62%
Pretax Margin: -397.57%
Return on Equity: -43.81%
Return on Assets: -36.61%

Debt

Debt-to-Equity Ratio: 0.42
Current Ratio: 7.25
Quick Ratio: 6.92

Sales & Book Value

Annual Sales: $15.35 million
Price / Sales: 10.55
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.85 per share
Price / Book: 1.53

Miscellaneous

Outstanding Shares: 57,228,000
Free Float: 54,138,000
Market Cap: $161.96 million
Optionable: Not Optionable
Beta: 1.55

Key Executives

Mr. Jeffrey B. Shealy (Age 53)
Founder, Pres, CEO & Director
Comp: $734.72k

Mr. David M. Aichele (Age 56)
Exec. VP of Bus. Devel.
Comp: $325.02k

Mr. Kenneth E. Boller (Age 50)
CFO & Corp. Controller

Mr. Andrew Wright
Gen. Counsel & Corp. Sec.

Ms. Mary Winters
Exec. VP of Fab & Corp. Operations

Mr. Kamran Cheema
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AKTS Stock - Frequently Asked Questions

Should I buy or sell Akoustis Technologies stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 2 buy ratings 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?: 2 Wall Street analysts have issued twelve-month price objectives for Akoustis Technologies' shares. Their AKTS share price forecasts range from $5.00 to $13.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 218.0% 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 stock has decreased by 57.6% and is now trading at $2.83.
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, November 7th 2022.
View our AKTS earnings forecast.
How were Akoustis Technologies' earnings last quarter?: Akoustis Technologies, Inc. (NASDAQ:AKTS) issued its quarterly earnings data on Sunday, October, 31st. The technology company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by $0.05. The technology company earned $1.87 million during the quarter, compared to the consensus estimate of $1.97 million. Akoustis Technologies had a negative trailing twelve-month return on equity of 43.81% and a negative net margin of 384.62%. The firm's revenue for the quarter was up 192.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.23) EPS.

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."
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 $2.83.
How much money does Akoustis Technologies make?: Akoustis Technologies (NASDAQ:AKTS) has a market capitalization of $161.96 million and generates $15.35 million in revenue each year. The technology company earns $-59,030,000.00 in net income (profit) each year or ($1.10) 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 10/7/2022 by MarketBeat.com Staff

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Akoustis Technologies - AKTS Stock Forecast, Price & News

Akoustis Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows