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SkyWater Technology Inc (NASDAQ: SKYT) closed the day trading at $7.91 down -3.42% from the previous closing price of $8.19. In other words, the price has decreased by -$3.42 from its previous closing price. On the day, 0.42 million shares were traded. SKYT stock price reached its highest trading level at $8.28 during the session, while it also had its lowest trading level at $7.75.
Ratios:
For a better understanding of SKYT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.48. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 0.80.
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:
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 Nov 27 ’24 when John Sakamoto bought 13,273 shares for $8.11 per share.
Unterseher Loren A sold 2,673 shares of SKYT for $26,735 on Aug 23 ’24. The Director now owns 13,019,620 shares after completing the transaction at $10.00 per share. On Aug 23 ’24, another insider, CMI Oxbow Partners, LLC, who serves as the 10% Owner of the company, bought 300,000 shares for $9.60 each.
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 376958944 and an Enterprise Value of 438935936. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 6.71. Its current Enterprise Value per Revenue stands at 1.269 whereas that against EBITDA is 21.792.
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 $5.63. The 50-Day Moving Average of the stock is -13.87%, while the 200-Day Moving Average is calculated to be -11.93%.
Shares Statistics:
Over the past 3-months, SKYT traded about 341.07K shares per day on average, while over the past 10 days, SKYT traded about 487890 shares per day. A total of 47.03M shares are outstanding, with a floating share count of 22.05M. Insiders hold about 53.74% of the company’s shares, while institutions hold 26.69% stake in the company. Shares short for SKYT as of 1731628800 were 2504756 with a Short Ratio of 7.34, compared to 1728950400 on 2241367. Therefore, it implies a Short% of Shares Outstanding of 2504756 and a Short% of Float of 9.0.
