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In the latest session, Akoustis Technologies Inc (NASDAQ: AKTS) closed at $0.06 up 2.97% from its previous closing price of $0.06. In other words, the price has increased by $2.97 from its previous closing price. On the day, 13.21 million shares were traded. AKTS stock price reached its highest trading level at $0.06 during the session, while it also had its lowest trading level at $0.054.
Ratios:
For a deeper understanding of Akoustis Technologies Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 0.44.
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:
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 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 10481291 and an Enterprise Value of 37536864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33. Its current Enterprise Value per Revenue stands at 1.371 whereas that against EBITDA is -0.698.
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 -21.14%, while the 200-Day Moving Average is calculated to be -81.93%.
Shares Statistics:
For the past three months, AKTS has traded an average of 10.22M shares per day and 9697460 over the past ten days. A total of 154.59M shares are outstanding, with a floating share count of 147.77M. Insiders hold about 4.41% of the company’s shares, while institutions hold 14.65% stake in the company. Shares short for AKTS as of 1728950400 were 1330736 with a Short Ratio of 0.13, compared to 1726185600 on 2796277. Therefore, it implies a Short% of Shares Outstanding of 1330736 and a Short% of Float of 0.88.