SkyWater Technology Stock Price, News & Analysis (NASDAQ:SKYT)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKYT shares.
View SKYT analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month target prices for SkyWater Technology's shares. Their SKYT share price targets range from $9.00 to $13.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 46.9% from the stock's current price.
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SkyWater Technology's stock was trading at $7.11 on January 1st, 2023. Since then, SKYT stock has increased by 5.3% and is now trading at $7.49.
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SkyWater Technology saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,630,000 shares, an increase of 17.3% from the October 31st total of 1,390,000 shares. Based on an average daily trading volume, of 238,800 shares, the short-interest ratio is currently 6.8 days. Approximately 11.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our SKYT earnings forecast.

SkyWater Technology, Inc. (NASDAQ:SKYT) issued its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.08. The business earned $71.62 million during the quarter, compared to analysts' expectations of $67.25 million. SkyWater Technology had a negative trailing twelve-month return on equity of 32.71% and a negative net margin of 8.61%.

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 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Emerald Advisers LLC (2.44%), Emerald Mutual Fund Advisers Trust (1.88%), Bank of New York Mellon Corp (0.37%), Northern Trust Corp (0.33%), Charles Schwab Investment Management Inc. (0.29%) and AQR Capital Management LLC (0.19%). 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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