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The price of Akoustis Technologies Inc (NASDAQ: AKTS) closed at $0.08 in the last session, down -0.13% from day before closing price of $0.08. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1.88 million shares were traded. AKTS stock price reached its highest trading level at $0.08 during the session, while it also had its lowest trading level at $0.0761.
Ratios:
We take a closer look at AKTS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 1.01.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 29 ’24 when Geiss Arthur bought 50,000 shares for $0.50 per share. The transaction valued at 25,000 led to the insider holds 415,924 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 8406013 and an Enterprise Value of 36911536. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.18. Its current Enterprise Value per Revenue stands at 1.236 whereas that against EBITDA is -0.573.
Stock Price History:
Over the past 52 weeks, AKTS has reached a high of $1.19, while it has fallen to a 52-week low of $0.05. The 50-Day Moving Average of the stock is -8.43%, while the 200-Day Moving Average is calculated to be -80.00%.
Shares Statistics:
According to the various share statistics, AKTS traded on average about 9.81M shares per day over the past 3-months and 7446180 shares per day over the past 10 days. A total of 143.65M shares are outstanding, with a floating share count of 136.35M. Insiders hold about 5.08% of the company’s shares, while institutions hold 15.92% stake in the company. Shares short for AKTS as of 1726185600 were 2796277 with a Short Ratio of 0.29, compared to 1723680000 on 8482750. Therefore, it implies a Short% of Shares Outstanding of 2796277 and a Short% of Float of 2.6300002.
