Akoustis Technologies Inc [NASDAQ: AKTS] stock went on an upward path that rose over 11.32% on Friday, amounting to a one-week price increase of more than 12.89%.
Over the last 12 months, AKTS stock dropped by -94.66%. The one-year Akoustis Technologies Inc stock forecast points to a potential upside of 86.67. The average equity rating for AKTS stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $11.38 million, with 109.17 million shares outstanding and 103.62 million shares in the current float. Compared to the average trading volume of 9.14M shares, AKTS stock reached a trading volume of 8850539 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.38. The Price to Book ratio for the last quarter was 0.25, with the Price to Cash per share for the same quarter was set at 0.14.
AKTS Stock Performance Analysis:
Akoustis Technologies Inc [AKTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.89. With this latest performance, AKTS shares dropped by -14.66% in over the last four-week period, additionally sinking by -83.91% over the last 6 months – not to mention a drop of -94.66% 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 49.35, with the RSI for the last a single of trading hit 56.66, and the three-weeks RSI is set at 44.04 for Akoustis Technologies Inc [AKTS]. The present Moving Average for the last 50 days of trading for this stock 0.1154, while it was recorded at 0.0966 for the last single week of trading, and 0.4609 for the last 200 days.
Insight into Akoustis Technologies Inc Fundamentals:
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.
AKTS Stock EPS
With the latest financial reports released by the company, Akoustis Technologies Inc posted -0.21/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AKTS.
Akoustis Technologies Inc [AKTS] Institutonal Ownership Details
There are presently around $21.22%, or 22.31%% of AKTS stock, in the hands of institutional investors. The top three institutional holders of AKTS stocks are: VANGUARD GROUP INC with ownership of 3.23 million shares, which is approximately 3.5335%. TAYLOR FRIGON CAPITAL MANAGEMENT LLC, holding 2.79 million shares of the stock with an approximate value of $$0.37 million in AKTS stocks shares; and TAYLOR FRIGON CAPITAL MANAGEMENT LLC, currently with $$0.33 million in AKTS stock with ownership which is approximately 2.7797%.
