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In the latest session, SkyWater Technology Inc (NASDAQ: SKYT) closed at $8.80 down -2.11% from its previous closing price of $8.99. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 0.75 million shares were traded. SKYT stock price reached its highest trading level at $8.9 during the session, while it also had its lowest trading level at $8.1209.
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 17.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.01. 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:
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 Aug 23 ’24 when Unterseher Loren A sold 2,673 shares for $10.00 per share. The transaction valued at 26,735 led to the insider holds 13,019,620 shares of the business.
CMI Oxbow Partners, LLC bought 300,000 shares of SKYT for $2,880,000 on Aug 23 ’24. On Jun 14 ’24, another insider, FARES NANCY, who serves as the Director of the company, sold 8,850 shares for $7.97 each. As a result, the insider received 70,508 and left with 32,073 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 419372800 and an Enterprise Value of 481349792. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 7.46. Its current Enterprise Value per Revenue stands at 1.391 whereas that against EBITDA is 23.897.
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 $5.28. The 50-Day Moving Average of the stock is -5.63%, while the 200-Day Moving Average is calculated to be -2.70%.
Shares Statistics:
For the past three months, SKYT has traded an average of 335.15K shares per day and 464280 over the past ten days. A total of 47.03M shares are outstanding, with a floating share count of 23.11M. Insiders hold about 51.51% of the company’s shares, while institutions hold 24.05% stake in the company. Shares short for SKYT as of 1728950400 were 2241367 with a Short Ratio of 6.69, compared to 1726185600 on 2062328. Therefore, it implies a Short% of Shares Outstanding of 2241367 and a Short% of Float of 8.1099994.
