Financial Metrics Unveiled: Akoustis Technologies Inc (AKTS)’s Key Ratios in the Spotlight

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The price of Akoustis Technologies Inc (NASDAQ: AKTS) closed at $0.13 in the last session, up 2.11% from day before closing price of $0.12. In other words, the price has increased by $2.11 from its previous closing price. On the day, 6.84 million shares were traded. AKTS stock price reached its highest trading level at $0.1299 during the session, while it also had its lowest trading level at $0.1165.

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 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 13722543 and an Enterprise Value of 41716728. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 1.397 whereas that against EBITDA is -0.647.

Stock Price History:

The Beta on a monthly basis for AKTS is 1.59, which has changed by -0.95699656 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, AKTS has reached a high of $3.24, while it has fallen to a 52-week low of $0.11. The 50-Day Moving Average of the stock is -66.69%, while the 200-Day Moving Average is calculated to be -79.44%.

Shares Statistics:

According to the various share statistics, AKTS traded on average about 12.37M shares per day over the past 3-months and 6434660 shares per day over the past 10 days. A total of 109.17M shares are outstanding, with a floating share count of 103.75M. Insiders hold about 4.96% of the company’s shares, while institutions hold 37.34% stake in the company. Shares short for AKTS as of 1715731200 were 8119966 with a Short Ratio of 0.84, compared to 1713139200 on 9488596. Therefore, it implies a Short% of Shares Outstanding of 8119966 and a Short% of Float of 8.459999999999999.

Earnings Estimates

A detailed examination of Akoustis Technologies Inc (AKTS) is currently in progress, with 3.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.11, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.07 and low estimates of -$0.12.

Analysts are recommending an EPS of between -$0.69 and -$0.71 for the fiscal current year, implying an average EPS of -$0.7. EPS for the following year is -$0.35, with 3.0 analysts recommending between -$0.25 and -$0.43.

Revenue Estimates

According to 3 analysts, the current quarter’s revenue is expected to be $7.32M. It ranges from a high estimate of $7.42M to a low estimate of $7.25M. As of the current estimate, Akoustis Technologies Inc’s year-ago sales were $8.33MFor the next quarter, 3 analysts are estimating revenue of $8.03M. There is a high estimate of $8.2M for the next quarter, whereas the lowest estimate is $7.88M.

A total of 3 analysts have provided revenue estimates for AKTS’s current fiscal year. The highest revenue estimate was $28.95M, while the lowest revenue estimate was $28.78M, resulting in an average revenue estimate of $28.84M. In the same quarter a year ago, actual revenue was $27.12MBased on 3 analysts’ estimates, the company’s revenue will be $38.27M in the next fiscal year. The high estimate is $40M and the low estimate is $36.82M.

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