In the latest session, SkyWater Technology Inc (NASDAQ: SKYT) closed at $9.94 down -1.97% from its previous closing price of $10.14. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 546298 shares were traded. SKYT stock price reached its highest trading level at $10.11 during the session, while it also had its lowest trading level at $9.77.
Ratios:
For a deeper understanding of SkyWater Technology Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 320.12. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 1.36 whereas as Long-Term Debt/Eq ratio is at 0.85.
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 this company, TD Cowen on February 27, 2024, Reiterated its Outperform rating but revised its target price to $15 from $12 previously.
On February 27, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $13 to $15.
On April 26, 2022, Craig Hallum started tracking the stock assigning a Buy rating and target price of $10.Craig Hallum initiated its Buy rating on April 26, 2022, with a $10 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 ’24 when Unterseher Loren A sold 368,709 shares for $12.14 per share. The transaction valued at 4,475,456 led to the insider holds 13,022,293 shares of the business.
Unterseher Loren A sold 50,771 shares of SKYT for $587,167 on Mar 06 ’24. The Director now owns 13,391,002 shares after completing the transaction at $11.56 per share. On Mar 05 ’24, another insider, Unterseher Loren A, who serves as the Director of the company, sold 10,520 shares for $11.50 each. As a result, the insider received 121,020 and left with 13,441,773 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKYT now has a Market Capitalization of 467.46M and an Enterprise Value of 511.92M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 8.70. Its current Enterprise Value per Revenue stands at 1.79 whereas that against EBITDA is 36.20.
Stock Price History:
Over the past 52 weeks, SKYT has reached a high of $12.97, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is 9.84, while the 200-Day Moving Average is calculated to be 8.07.
Shares Statistics:
For the past three months, SKYT has traded an average of 452.93K shares per day and 710.86k over the past ten days. A total of 47.03M shares are outstanding, with a floating share count of 11.87M. Insiders hold about 74.75% of the company’s shares, while institutions hold 20.79% stake in the company. Shares short for SKYT as of Feb 29, 2024 were 1.76M with a Short Ratio of 3.89, compared to 1.62M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.75% and a Short% of Float of 8.59%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.07, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.01 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.13 and -$0.05 for the fiscal current year, implying an average EPS of $0.03. EPS for the following year is $0.42, with 3 analysts recommending between $0.45 and $0.4.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $80M this quarter.It ranges from a high estimate of $80.4M to a low estimate of $79.6M. As of the current estimate, SkyWater Technology Inc’s year-ago sales were $60.58M, an estimated increase of 32.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $79.08M, an increase of 13.30% less than the figure of $32.10% in the same quarter last year. There is a high estimate of $82.24M for the next quarter, whereas the lowest estimate is $75.6M.
A total of 4 analysts have provided revenue estimates for SKYT’s current fiscal year. The highest revenue estimate was $333.8M, while the lowest revenue estimate was $298.9M, resulting in an average revenue estimate of $322.33M. In the same quarter a year ago, actual revenue was $286.68M, up 12.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $350.73M in the next fiscal year. The high estimate is $369.1M and the low estimate is $318.1M. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
