Akoustis Technologies (AKTS) Stock Price, News & Analysis

Company Overview

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 Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment provides engineering review and backend packaging services. Its 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. The company was founded in 2013 and is headquartered in Huntersville, North Carolina.

Key Stats

• Today's Range: $0.06 to $0.06
• 50-Day Range: $0.05 to $0.10
• 52-Week Range: $0.05 to $1.19
• Volume: 14.89 million shs
• Average Volume: 8.27 million shs
• Market Capitalization: $5.52 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.00
• Consensus Rating: Hold

Akoustis Technologies Stock Analysis - MarketRank™

Akoustis Technologies scored higher than 57% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Akoustis Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Akoustis Technologies has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.70) to ($0.34) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Akoustis Technologies is -0.06, 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 -0.06, 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 0.05. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.35% 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 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Akoustis Technologies has recently decreased by 5.67%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Akoustis Technologies does not currently pay a dividend.

Dividend Growth

Akoustis Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.35% 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 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Akoustis Technologies has recently decreased by 5.67%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.64

News Sentiment

Akoustis Technologies has a news sentiment score of 0.64. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Akoustis Technologies this week, compared to 1 article on an average week.

Search Interest

5 people have searched for AKTS on MarketBeat in the last 30 days. This is an increase of 150% 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 -17% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Akoustis Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.60% of the stock of Akoustis Technologies is held by insiders.

Percentage Held by Institutions

Only 28.84% of the stock of Akoustis Technologies is held by institutions.

AKTS Stock Analysis - Frequently Asked Questions

How have AKTS shares performed this year?

Akoustis Technologies' stock was trading at $0.8340 at the start of the year. Since then, AKTS stock has decreased by 93.3% and is now trading at $0.0559.
View the best growth stocks for 2024 here.

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies, Inc. (NASDAQ:AKTS) issued its quarterly earnings results on Monday, May, 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by $0.02. The technology company earned $7.51 million during the quarter, compared to analysts' expectations of $8.56 million. Akoustis Technologies had a negative net margin of 257.56% and a negative trailing twelve-month return on equity of 98.96%.

Who are Akoustis Technologies' major shareholders?

Akoustis Technologies' top institutional shareholders include Taylor Frigon Capital Management LLC (2.60%). Insiders that own company stock include Jeffrey B Shealy, Arthur Geiss, David Aichele, Steven Denbaars, Kenneth Boller, James Michael Mcguire 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Akoustis Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Akoustis Technologies investors own include Enovix (ENVX), Luminar Technologies (LAZR), Ginkgo Bioworks (DNA), NVIDIA (NVDA), Rambus (RMBS), Globant (GLOB) and COMPASS Pathways (CMPS).

Company Calendar

• Last Earnings: 5/13/2024
• Today: 10/31/2024
• Next Earnings (Estimated): 11/11/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communication Equipment
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:AKTS
• CUSIP: N/A
• CIK: 1584754
• Web: www.akoustis.com
• Phone: (704) 997-5735
• Fax: N/A
• Employees: 117
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.00
• High Stock Price Target: $1.00
• Low Stock Price Target: $1.00
• Potential Upside/Downside: +1,657.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.00)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-63,560,000.00
• Net Margins: -257.56%
• Pretax Margin: -257.64%
• Return on Equity: -98.96%
• Return on Assets: -50.37%

Debt

• Debt-to-Equity Ratio: 1.00
• Current Ratio: 1.57
• Quick Ratio: 1.29

Sales & Book Value

• Annual Sales: $27.38 million
• Price / Sales: 0.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.20 per share
• Price / Book: 0.05

Miscellaneous

• Outstanding Shares: 98,669,000
• Free Float: 93,129,000
• Market Cap: $5.61 million
• Optionable: Optionable
• Beta: 1.65