SkyWater Technology - SKYT Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKYT shares.
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5 Wall Street research analysts have issued 1-year target prices for SkyWater Technology's shares. Their SKYT share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $18.40 in the next twelve months. This suggests a possible upside of 87.9% from the stock's current price.
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SkyWater Technology's stock was trading at $16.22 at the start of the year. Since then, SKYT shares have decreased by 39.6% and is now trading at $9.79.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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SkyWater Technology, Inc. (NASDAQ:SKYT) posted its quarterly earnings data on Monday, November, 7th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.15. The company had revenue of $52.33 million for the quarter, compared to analyst estimates of $52.35 million. SkyWater Technology had a negative net margin of 34.12% and a negative trailing twelve-month return on equity of 108.66%.

(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 many different institutional and retail investors. Top institutional shareholders include Emerald Advisers LLC (1.59%), BlackRock Inc. (1.45%), Emerald Mutual Fund Advisers Trust (1.28%), Vanguard Group Inc. (1.12%), Renaissance Technologies LLC (0.44%) and Two Sigma Investments LP (0.39%). 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 $9.79.

SkyWater Technology (NASDAQ:SKYT) has a market capitalization of $407.45 million and generates $162.85 million in revenue each year. The company earns $-50,700,000.00 in net income (profit) each year or ($1.60) 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.