The closing price of Akoustis Technologies Inc (NASDAQ: AKTS) was $0.53 for the day, down -8.32% from the previous closing price of $0.57. On the day, 867131 shares were traded.
Ratios:
Our analysis of AKTS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.81.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on January 04, 2024, Downgraded its rating to Neutral and sets its target price to $1 from $2 previously.
On September 06, 2023, B. Riley Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $9.25 to $1.75.
On January 24, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $9.25.B. Riley Securities initiated its Buy rating on January 24, 2023, with a $9.25 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 29 ’24 when Shealy Jeffrey B. bought 1,310,000 shares for $0.50 per share. The transaction valued at 655,000 led to the insider holds 2,222,775 shares of the business.
Aichele David bought 80,000 shares of AKTS for $40,000 on Jan 29 ’24. The EVP of Business Development now owns 334,622 shares after completing the transaction at $0.50 per share. On Jan 29 ’24, another insider, Boller Kenneth, who serves as the CFO of the company, bought 60,000 shares for $0.50 each. As a result, the insider paid 30,000 and bolstered with 214,957 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 0.74.
Stock Price History:
Over the past 52 weeks, AKTS has reached a high of $3.57, while it has fallen to a 52-week low of $0.45.
Shares Statistics:
A total of 98.60M shares are outstanding, with a floating share count of 93.13M. Insiders hold about 5.55% of the company’s shares, while institutions hold 29.09% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by AST SpaceMobile, Inc. analysts. The consensus estimate for the next quarter is $0.53, with high estimates of $1.20 and low estimates of $30.08.
Analysts are recommending an EPS of between $Healthcare and $Industrials for the fiscal current year, implying an average EPS of $Technology.
