NASDAQ:SKYT

SkyWater Technology (SKYT) Stock Price, News & Analysis

$9.25
+0.18 (+1.98%)
(As of 04/25/2024 ET)
Today's Range
$8.84
$9.35
50-Day Range
$8.39
$12.19
52-Week Range
$4.73
$12.97
Volume
242,253 shs
Average Volume
408,659 shs
Market Capitalization
$437.90 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.67

SkyWater Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.6% Upside
$14.67 Price Target
Short Interest
Healthy
12.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of SkyWater Technology in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$4.79 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.17) to $0.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.86 out of 5 stars

Computer And Technology Sector

322nd out of 586 stocks

Semiconductors & Related Devices Industry

49th out of 88 stocks

SKYT stock logo

About SkyWater Technology Stock (NASDAQ:SKYT)

SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive, bio-health, consumer, and industrial sectors. The company was incorporated in 2016 and is headquartered in Bloomington, Minnesota.

SKYT Stock Price History

SKYT Stock News Headlines

The Gold Grab of the Century
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
The Gold Grab of the Century
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
SKYT SkyWater Technology, Inc.
Q4 2023 Skywater Technology Inc Earnings Call
SkyWater Technology earnings: here's what Wall Street expects
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SKYT
Fax
N/A
Employees
731
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.67
High Stock Price Target
$15.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+58.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-30,760,000.00
Pretax Margin
-8.93%

Debt

Sales & Book Value

Annual Sales
$286.68 million
Cash Flow
$0.35 per share
Book Value
$1.29 per share

Miscellaneous

Free Float
23,508,000
Market Cap
$437.90 million
Optionable
Optionable
Beta
4.28
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SKYT Stock Analysis - Frequently Asked Questions

Should I buy or sell SkyWater Technology stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SKYT shares.
View SKYT analyst ratings
or view top-rated stocks.

What is SkyWater Technology's stock price target for 2024?

3 brokers have issued 12 month target prices for SkyWater Technology's shares. Their SKYT share price targets range from $14.00 to $15.00. On average, they anticipate the company's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 58.6% from the stock's current price.
View analysts price targets for SKYT
or view top-rated stocks among Wall Street analysts.

How have SKYT shares performed in 2024?

SkyWater Technology's stock was trading at $9.62 at the beginning of 2024. Since then, SKYT shares have decreased by 3.8% and is now trading at $9.25.
View the best growth stocks for 2024 here
.

When is SkyWater Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SKYT earnings forecast
.

How can I listen to SkyWater Technology's earnings call?

SkyWater Technology will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were SkyWater Technology's earnings last quarter?

SkyWater Technology, Inc. (NASDAQ:SKYT) released its earnings results on Monday, February, 26th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.12. The firm earned $79.15 million during the quarter, compared to the consensus estimate of $74.90 million. SkyWater Technology had a negative trailing twelve-month return on equity of 30.58% and a negative net margin of 10.73%.

When did SkyWater Technology IPO?

SkyWater Technology (SKYT) raised $75 million in an IPO on Wednesday, April 21st 2021. The company issued 5,800,000 shares at a price of $12.00-$14.00 per share. Jefferies, Cowen and Piper Sandler acted as the underwriters for the IPO.

Who are SkyWater Technology's major shareholders?

SkyWater Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Whalen Wealth Management Inc. (0.05%) and Arlington Capital Management Inc. (0.02%). Insiders that own company stock include Amanda Daniel, Bart L Zibrowski, Bradley Ferguson, Christopher Hilberg, Cmi Oxbow Partners, Llc, Developments LLC Ddk, Gregory B Graves, John Spicer, John T Kurtzweil, Loren A Unterseher, Mark Litecky, Steve Kosier, Steve Manko and Thomas Sonderman.
View institutional ownership trends
.

How do I buy shares of SkyWater Technology?

Shares of SKYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SKYT) was last updated on 4/25/2024 by MarketBeat.com Staff

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