Akoustis Technologies Stock Price, News & Analysis (NASDAQ:AKTS)

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

Akoustis Technologies Inc (NASDAQ:AKTS) posted its quarterly earnings results on Monday, February, 4th. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.00. The technology company had revenue of $0.32 million for the quarter, compared to analysts' expectations of $0.42 million. Akoustis Technologies had a negative return on equity of 109.34% and a negative net margin of 2,018.00%. View Akoustis Technologies' Earnings History.

Akoustis Technologies is scheduled to release their next quarterly earnings announcement on Friday, November 1st 2019. View Earnings Estimates for Akoustis Technologies.

5 analysts have issued twelve-month price targets for Akoustis Technologies' stock. Their forecasts range from $7.40 to $12.00. On average, they expect Akoustis Technologies' share price to reach $10.08 in the next twelve months. This suggests a possible upside of 30.9% from the stock's current price. View Analyst Price Targets for Akoustis Technologies.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akoustis Technologies.

Media coverage about AKTS stock has been trending very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Akoustis Technologies earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Akoustis Technologies.

Akoustis Technologies saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 6,170,000 shares, a decrease of 10.2% from the August 30th total of 6,870,000 shares. Based on an average daily volume of 484,200 shares, the days-to-cover ratio is currently 12.7 days. Approximately 24.7% of the company's shares are short sold. View Akoustis Technologies' Current Options Chain.

Some companies that are related to Akoustis Technologies include AudioCodes (AUDC), ADTRAN (ADTN), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Sonim Technologies (SONM), Communications Systems (JCS), Clearone (CLRO), AltiGen Communications (ATGN), Franklin Wireless (FKWL), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Sunworks (SUNW), One Horizon Group (OHGI), MER Telemanagement Solutions (MTSL) and Alvarion (ALVRQ).

Based on aggregate information from My MarketBeat watchlists, some companies that other Akoustis Technologies investors own include Verizon Communications (VZ), Micron Technology (MU), Advanced Micro Devices (AMD), Lumentum (LITE), NVIDIA (NVDA), Smart Global (SGH), Alibaba Group (BABA), Canopy Growth (CGC), Square (SQ) and General Electric (GE).

Akoustis Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mission Wealth Management LP (0.90%). Company insiders that own Akoustis Technologies stock include Arthur Geiss, David Aichele, Jeffrey B Shealy, Jeffrey Mcmahon, John T Kurtzweil, Kenneth Boller, Mark N Tompkins, 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 Mission Wealth Management LP. Company insiders that have sold Akoustis Technologies company stock in the last year include David Aichele, Jeffrey B Shealy, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy. 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 $7.70.

Akoustis Technologies has a market capitalization of $234.47 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]