SkyWater Technology (SKYT) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology 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" SKYT shares.
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1 analysts have issued twelve-month target prices for SkyWater Technology's stock. Their SKYT share price forecasts range from $14.00 to $25.00. On average, they anticipate the company's share price to reach $19.50 in the next twelve months. This suggests a possible upside of 248.8% from the stock's current price.
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SkyWater Technology's stock was trading at $7.11 at the beginning of the year. Since then, SKYT stock has decreased by 21.4% and is now trading at $5.59.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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SkyWater Technology, Inc. (NASDAQ:SKYT) released its quarterly earnings results on Monday, August, 7th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.05. The business earned $69.81 million during the quarter, compared to analysts' expectations of $64.30 million. SkyWater Technology had a negative trailing twelve-month return on equity of 42.92% and a negative net margin of 9.02%.

ETFs with the largest weight of SkyWater Technology (NASDAQ:SKYT) stock in their portfolio include ProShares Nanotechnology ETF (TINY).ProShares Smart Materials ETF (TINT).

(SKYT) raised $75 million in an initial public offering (IPO) on Wednesday, April 21st 2021. The company issued 5,800,000 shares at a price of $12.00-$14.00 per share. Jefferies, Cowen and Piper Sandler served as the underwriters for the IPO.

SkyWater Technology trades on the NASDAQ under the ticker symbol "SKYT."

SkyWater Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.26%), Driehaus Capital Management LLC (1.80%), Geode Capital Management LLC (0.65%), State Street Corp (0.52%), Kennedy Capital Management LLC (0.51%) and Bank of New York Mellon Corp (0.40%). Insiders that own company stock include Amanda Daniel, Bart L Zibrowski, Bradley Ferguson, Cmi Oxbow Partners, Llc, Developments LLC Ddk, Gregory B Graves, John Spicer, John T Kurtzweil, Loren A Unterseher, Mark Litecky, Steve Kosier, Steve Manko and Thomas Sonderman.
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Shares of SKYT 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.
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One share of SKYT stock can currently be purchased for approximately $5.59.

SkyWater Technology (NASDAQ:SKYT) has a market capitalization of $258.71 million and generates $212.94 million in revenue each year. The company earns $-39,590,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis.

The company employs 706 workers across the globe.

SkyWater Technology's mailing address is 2401 EAST 86TH STREET, BLOOMINGTON MN, 55425. The official website for the company is www.skywatertechnology.com. The company can be reached via phone at 952-851-5200 or via email at investor@skywatertechnology.com.