In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $11.31 in the prior trading day, SkyWater Technology Inc (NASDAQ: SKYT) closed at $11.33, up 0.18%. In other words, the price has increased by $0.18 from its previous closing price. On the day, 0.71 million shares were traded. SKYT stock price reached its highest trading level at $11.7 during the session, while it also had its lowest trading level at $10.992.
Ratios:
Our goal is to gain a better understanding of SKYT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.45. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’24 when Unterseher Loren A sold 7,761 shares for $9.27 per share. The transaction valued at 71,916 led to the insider holds 12,806,264 shares of the business.
Unterseher Loren A sold 100,000 shares of SKYT for $937,740 on Dec 06 ’24. The Director now owns 12,919,620 shares after completing the transaction at $9.38 per share. On Dec 09 ’24, another insider, Unterseher Loren A, who serves as the Director of the company, sold 61,299 shares for $9.38 each. As a result, the insider received 575,224 and left with 12,858,321 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 539942464 and an Enterprise Value of 601919488. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 9.61. Its current Enterprise Value per Revenue stands at 1.74 whereas that against EBITDA is 29.883.
Stock Price History:
The Beta on a monthly basis for SKYT is 3.46, which has changed by 0.32902467 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, SKYT has reached a high of $19.00, while it has fallen to a 52-week low of $5.63. The 50-Day Moving Average of the stock is 6.85%, while the 200-Day Moving Average is calculated to be 23.70%.
Shares Statistics:
The stock has traded on average 851.40K shares per day over the past 3-months and 1061670 shares per day over the last 10 days, according to various share statistics. A total of 47.64M shares are outstanding, with a floating share count of 22.67M. Insiders hold about 52.43% of the company’s shares, while institutions hold 26.59% stake in the company. Shares short for SKYT as of 1735603200 were 2058362 with a Short Ratio of 2.42, compared to 1732838400 on 2334655. Therefore, it implies a Short% of Shares Outstanding of 2058362 and a Short% of Float of 7.3999999999999995.
