Akoustis Technologies Inc [NASDAQ: AKTS] loss -0.96% on the last trading session, reaching $0.08 price per share at the time.
If compared to the average trading volume of 15.27M shares, AKTS reached a trading volume of 4216189 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Here is what top equities market gurus are saying about Akoustis Technologies Inc [AKTS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AKTS shares is $0.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AKTS stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Akoustis Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 04, 2024. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $9.25 to $1.75. The new note on the price target was released on September 06, 2023, representing the official price target for Akoustis Technologies Inc stock. Previously, the target price had yet another raise to $9.25, while B. Riley Securities analysts kept a Buy rating on AKTS stock. On February 02, 2021, analysts increased their price target for AKTS shares from 18 to 20.
The Average True Range (ATR) for Akoustis Technologies Inc is set at 0.01, with the Price to Sales ratio for AKTS stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 0.19, with the Price to Cash per share for the same quarter was set at 0.14.
Trading performance analysis for AKTS stock
Akoustis Technologies Inc [AKTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -27.49. With this latest performance, AKTS shares dropped by -32.71% in over the last four-week period, additionally sinking by -86.93% over the last 6 months – not to mention a drop of -96.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AKTS stock in for the last two-week period is set at 28.40, with the RSI for the last a single of trading hit 22.53, and the three-weeks RSI is set at 31.69 for Akoustis Technologies Inc [AKTS]. The present Moving Average for the last 50 days of trading for this stock 0.1353, while it was recorded at 0.0884 for the last single week of trading, and 0.4860 for the last 200 days.
Akoustis Technologies Inc [AKTS]: A deeper dive into fundamental analysis
Akoustis Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.57.
An analysis of Institutional ownership at Akoustis Technologies Inc [AKTS]
The top three institutional holders of AKTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AKTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AKTS stock with ownership which is approximately 5.1238%.
