SkyWater Technology (SKYT) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKYT shares.
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4 analysts have issued 1-year price targets for SkyWater Technology's stock. Their SKYT share price forecasts range from $14.00 to $25.00. On average, they predict the company's stock price to reach $19.40 in the next twelve months. This suggests a possible upside of 91.7% 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 shares have increased by 42.3% and is now trading at $10.12.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
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SkyWater Technology, Inc. (NASDAQ:SKYT) released its quarterly earnings results on Monday, May, 8th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.08. The business earned $66.09 million during the quarter, compared to analysts' expectations of $60.80 million. SkyWater Technology had a negative trailing twelve-month return on equity of 58.38% and a negative net margin of 11.80%.

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

(SKYT) raised $75 million in an 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 many different institutional and retail investors. Top institutional shareholders include Emerald Advisers LLC (1.90%), BlackRock Inc. (1.60%), Emerald Mutual Fund Advisers Trust (1.47%), Two Sigma Investments LP (0.61%), Geode Capital Management LLC (0.47%) and Essex Investment Management Co. LLC (0.42%). Insiders that own company stock include Amanda Daniel, Bart L Zibrowski, Bradley Ferguson, Cmi Oxbow Partners, Llc, Developments LLC Ddk, John Spicer, 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 $10.12.

SkyWater Technology (NASDAQ:SKYT) has a market capitalization of $435.26 million and generates $212.94 million in revenue each year. The company earns $-39,590,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

The company employs 590 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.