Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
SkyWater Technology Inc (NASDAQ: SKYT) closed the day trading at $14.49 up 7.57% from the previous closing price of $13.47. In other words, the price has increased by $7.57 from its previous closing price. On the day, 0.75 million shares were traded. SKYT stock price reached its highest trading level at $14.67 during the session, while it also had its lowest trading level at $13.325.
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 35.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.63. 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 Dec 13 ’24 when Unterseher Loren A sold 7,761 shares for $9.27 per share. The transaction valued at 71,916 led to the insider holds 12,806,264 shares of the business.
Unterseher Loren A sold 100,000 shares of SKYT for $937,740 on Dec 06 ’24. The Director now owns 12,919,620 shares after completing the transaction at $9.38 per share. On Dec 09 ’24, another insider, Unterseher Loren A, who serves as the Director of the company, sold 61,299 shares for $9.38 each. As a result, the insider received 575,224 and left with 12,858,321 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 690535424 and an Enterprise Value of 752512384. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 12.29. Its current Enterprise Value per Revenue stands at 2.175 whereas that against EBITDA is 37.36.
Stock Price History:
Over the past 52 weeks, SKYT has reached a high of $19.00, while it has fallen to a 52-week low of $5.63. The 50-Day Moving Average of the stock is 40.50%, while the 200-Day Moving Average is calculated to be 59.72%.
Shares Statistics:
Over the past 3-months, SKYT traded about 757.24K shares per day on average, while over the past 10 days, SKYT traded about 1367680 shares per day. A total of 47.64M shares are outstanding, with a floating share count of 22.24M. Insiders hold about 53.33% of the company’s shares, while institutions hold 26.73% stake in the company. Shares short for SKYT as of 1734048000 were 2430533 with a Short Ratio of 3.21, compared to 1731628800 on 2504756. Therefore, it implies a Short% of Shares Outstanding of 2430533 and a Short% of Float of 8.7299995.
