Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Akoustis Technologies Inc (NASDAQ: AKTS) closed the day trading at $0.56 down -1.40% from the previous closing price of $0.57. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 0.55 million shares were traded. AKTS stock price reached its highest trading level at $0.6305 during the session, while it also had its lowest trading level at $0.551.
Ratios:
For a better understanding of AKTS, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AKTS now has a Market Capitalization of 55454324 and an Enterprise Value of 87561128. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 2.947 whereas that against EBITDA is -1.477.
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. The 50-Day Moving Average of the stock is -2.83%, while the 200-Day Moving Average is calculated to be -35.01%.
Shares Statistics:
Over the past 3-months, AKTS traded about 651.68K shares per day on average, while over the past 10 days, AKTS traded about 335430 shares per day. A total of 98.60M shares are outstanding, with a floating share count of 93.19M. Insiders hold about 5.49% of the company’s shares, while institutions hold 31.86% stake in the company. Shares short for AKTS as of 1713139200 were 9488596 with a Short Ratio of 14.56, compared to 1710460800 on 8607549. Therefore, it implies a Short% of Shares Outstanding of 9488596 and a Short% of Float of 9.9.
Earnings Estimates
As of right now, 4.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.16, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.06 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.56 and -$0.76 for the fiscal current year, implying an average EPS of -$0.67. EPS for the following year is -$0.34, with 4.0 analysts recommending between -$0.22 and -$0.44.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $10.32M. There is a high estimate of $11M for the next quarter, whereas the lowest estimate is $9.4M.
A total of 4 analysts have provided revenue estimates for AKTS’s current fiscal year. The highest revenue estimate was $33.57M, while the lowest revenue estimate was $31.9M, resulting in an average revenue estimate of $32.86M. In the same quarter a year ago, actual revenue was $27.12MBased on 4 analysts’ estimates, the company’s revenue will be $53.62M in the next fiscal year. The high estimate is $55.91M and the low estimate is $49.4M.
