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In the latest session, SkyWater Technology Inc (NASDAQ: SKYT) closed at $6.65 down -32.62% from its previous closing price of $9.87. In other words, the price has decreased by -$32.62 from its previous closing price. On the day, 2.62 million shares were traded. SKYT stock price reached its highest trading level at $8.68 during the session, while it also had its lowest trading level at $6.44.
Ratios:
For a deeper understanding of SkyWater Technology Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.76. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 0.69.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 ’24 when Unterseher Loren A sold 368,709 shares for $12.14 per share. The transaction valued at 4,475,456 led to the insider holds 13,022,293 shares of the business.
Unterseher Loren A sold 50,771 shares of SKYT for $587,167 on Mar 06 ’24. The Director now owns 13,391,002 shares after completing the transaction at $11.56 per share. On Mar 05 ’24, another insider, Unterseher Loren A, who serves as the Director of the company, sold 10,520 shares for $11.50 each. As a result, the insider received 121,020 and left with 13,441,773 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 314798368 and an Enterprise Value of 527190752. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 6.13. Its current Enterprise Value per Revenue stands at 1.756 whereas that against EBITDA is 43.738.
Stock Price History:
The Beta on a monthly basis for SKYT is 4.14, which has changed by 0.05561495 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, SKYT has reached a high of $12.97, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is -34.88%, while the 200-Day Moving Average is calculated to be -18.83%.
Shares Statistics:
For the past three months, SKYT has traded an average of 452.02K shares per day and 282910 over the past ten days. A total of 47.03M shares are outstanding, with a floating share count of 21.71M. Insiders hold about 54.08% of the company’s shares, while institutions hold 21.04% stake in the company. Shares short for SKYT as of 1713139200 were 1498165 with a Short Ratio of 3.31, compared to 1710460800 on 1586371. Therefore, it implies a Short% of Shares Outstanding of 1498165 and a Short% of Float of 10.34.
Earnings Estimates
Currently, 4.0 analysts are dedicated to thoroughly evaluating and rating the performance of SkyWater Technology Inc (SKYT) in the stock market.On average, analysts expect EPS of $0.0 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.02, while EPS last year was -$0.14. The consensus estimate for the next quarter is $0.04, with high estimates of $0.07 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.13 and $0.01 for the fiscal current year, implying an average EPS of $0.07. EPS for the following year is $0.54, with 3.0 analysts recommending between $0.76 and $0.4.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $79.96M this quarter.It ranges from a high estimate of $82.24M to a low estimate of $75.6M. As of the current estimate, SkyWater Technology Inc’s year-ago sales were $69.81MFor the next quarter, 4 analysts are estimating revenue of $84.03M. There is a high estimate of $85.6M for the next quarter, whereas the lowest estimate is $82.5M.
A total of 4 analysts have provided revenue estimates for SKYT’s current fiscal year. The highest revenue estimate was $333.9M, while the lowest revenue estimate was $326.6M, resulting in an average revenue estimate of $331.08M. In the same quarter a year ago, actual revenue was $286.68MBased on 3 analysts’ estimates, the company’s revenue will be $369.53M in the next fiscal year. The high estimate is $374.5M and the low estimate is $365M.
