Should I buy or sell SkyWater Technology stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research 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 brokerages 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 expect the company's share price to reach $14.67 in the next year. This suggests a possible upside of 74.8% 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 stock has decreased by 12.8% and is now trading at $8.39. 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) announced its quarterly earnings results on Monday, February, 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.12. The firm earned $79.15 million during the quarter, compared to analyst estimates 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 initial public offering on Wednesday, April 21st 2021. The company issued 5,800,000 shares at $12.00-$14.00 per share. Jefferies, Cowen and Piper Sandler acted as the underwriters for the IPO.

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 .

NASDAQ:SKYT

SkyWater Technology (SKYT) Stock Price, News & Analysis

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$8.39

-0.24 (-2.78%)

(As of 04/19/2024 ET)

Compare

Today's Range: $8.25
▼
$8.75
50-Day Range: $8.39
▼
$12.19
52-Week Range: $4.73
▼
$12.97

Volume: 284,431 shs
Average Volume: 272,459 shs
Market Capitalization: $397.18 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.67

Get SkyWater Technology alerts:

SkyWater Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 74.8% Upside
$14.67 Price Target
Short Interest: Healthy
13.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.50
Based on 2 Articles This Week
Insider Trading: Selling Shares
$4.96 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.

2.79 out of 5 stars

Computer And Technology Sector

305th out of 586 stocks

Semiconductors & Related Devices Industry

48th out of 87 stocks

3.5

Analyst's Opinion

Consensus Rating
SkyWater Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
SkyWater Technology has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
13.02% of the float of SkyWater Technology has been sold short.
Short Interest Ratio / Days to Cover
SkyWater Technology has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SkyWater Technology has recently decreased by 3.14%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
SkyWater Technology does not currently pay a dividend.
Dividend Growth
SkyWater Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SKYT.

1.4

News and Social Media Coverage

News Sentiment
SkyWater Technology has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for SkyWater Technology this week, compared to 2 articles on an average week.
Search Interest
Only 16 people have searched for SKYT on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added SkyWater Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SkyWater Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,959,469.00 in company stock.
Percentage Held by Insiders
50.34% of the stock of SkyWater Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.00% of the stock of SkyWater Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SkyWater Technology are expected to grow in the coming year, from ($0.17) to $0.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SkyWater Technology is -12.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SkyWater Technology is -12.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SkyWater Technology has a P/B Ratio of 6.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

SKYT Stock News Headlines

April 17, 2024 | businesswire.com

SkyWater Technology to Announce First Quarter Financial Results on May 8th, 2024

April 17, 2024 | investorplace.com

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April 11, 2024 | investorplace.com

Wall Street Favorites: 3 Under-$20 Stocks With Strong Buy Ratings for April 2024

April 9, 2024 | msn.com

SkyWater Technology cancels option on land for $1.8B Indiana chip plant

April 8, 2024 | startribune.com

SkyWater Technology cancels option on land for $1.8B Indiana semiconductor plant

March 31, 2024 | investorplace.com

The Tech Disruptors? 7 Stocks That Demand Your Attention Now.

March 29, 2024 | msn.com

Capital adequacy ratio of banks inches up in Q4

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March 29, 2024 | msn.com

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March 28, 2024 | fool.com

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March 27, 2024 | seekingalpha.com

SKYT SkyWater Technology, Inc.

March 19, 2024 | investorplace.com

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March 13, 2024 | fool.com

SkyWater Stock Analysis: Buy, Sell, or Hold?

March 10, 2024 | finance.yahoo.com

The Returns On Capital At SkyWater Technology (NASDAQ:SKYT) Don't Inspire Confidence

March 8, 2024 | businesswire.com

SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke

February 28, 2024 | finance.yahoo.com

SkyWater Technology, Inc. (NASDAQ:SKYT) Q4 2023 Earnings Call Transcript

February 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: BigBearai Holdings (BBAI) and SkyWater Technology (SKYT)

February 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Workday (WDAY) and SkyWater Technology (SKYT)

February 27, 2024 | finance.yahoo.com

Q4 2023 Skywater Technology Inc Earnings Call

February 27, 2024 | seekingalpha.com

SkyWater Technology, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 26, 2024 | msn.com

SkyWater Technology Non-GAAP EPS of -$0.02 beats by $0.10, revenue of $79.2M beats by $4.36M

February 26, 2024 | finance.yahoo.com

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

February 26, 2024 | businesswire.com

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

February 26, 2024 | markets.businessinsider.com

SkyWater Technology earnings: here's what Wall Street expects

February 17, 2024 | finance.yahoo.com

SKYT Mar 2024 10.000 put

February 17, 2024 | finance.yahoo.com

SKYT Mar 2024 12.500 call

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:SKYT
CUSIP: N/A
CIK: 1819974
Web: www.skywatertechnology.com
Phone: 952-851-5200
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: +74.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.67)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-30,760,000.00
Net Margins: -10.73%
Pretax Margin: -8.93%
Return on Equity: -30.58%
Return on Assets: -6.30%

Debt

Debt-to-Equity Ratio: 0.59
Current Ratio: 1.02
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $286.68 million
Price / Sales: 1.39
Cash Flow: $0.33 per share
Price / Cash Flow: 25.47
Book Value: $1.29 per share
Price / Book: 6.50

Miscellaneous

Outstanding Shares: 47,340,000
Free Float: 23,508,000
Market Cap: $397.18 million
Optionable: Optionable
Beta: 4.28

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Key Executives

Mr. Thomas J. Sonderman (Age 60)
CEO & Director
Comp: $1.19M
Mr. Ross Miller
Senior VP of Commercial and A&D Business
Mr. Paul Sura
Executive Vice President of Technology & Manufacturing Operations
Mr. Sudhakar Adivikolanu Ph.D.
Senior Vice President of Supply Chain & Information Technology

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SKYT Stock Analysis - Frequently Asked Questions

Should I buy or sell SkyWater Technology stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SkyWater Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research 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 brokerages 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 expect the company's share price to reach $14.67 in the next year. This suggests a possible upside of 74.8% 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 stock has decreased by 12.8% and is now trading at $8.39.
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) announced its quarterly earnings results on Monday, February, 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.12. The firm earned $79.15 million during the quarter, compared to analyst estimates 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 initial public offering on Wednesday, April 21st 2021. The company issued 5,800,000 shares at $12.00-$14.00 per share. Jefferies, Cowen and Piper Sandler acted as the underwriters for the IPO.
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 4/20/2024 by MarketBeat.com Staff

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