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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:AKTS

Akoustis Technologies (AKTS) Stock Price, News & Analysis

$0.59
+0.01 (+1.72%)
(As of 03/28/2024 ET)
Today's Range
$0.57
$0.62
50-Day Range
$0.54
$0.79
52-Week Range
$0.45
$3.57
Volume
296,221 shs
Average Volume
926,086 shs
Market Capitalization
$58.28 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.92

Akoustis Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
224.3% Upside
$1.92 Price Target
Short Interest
Bearish
8.73% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of Akoustis Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$750,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.68) to ($0.35) 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.

1.54 out of 5 stars

Computer And Technology Sector

470th out of 589 stocks

Telephone & Telegraph Apparatus Industry

7th out of 10 stocks

AKTS stock logo

About Akoustis Technologies Stock (NASDAQ:AKTS)

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment provides engineering review and backend packaging services. Its RF Filters segment sells amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, and military and defense applications. The company was founded in 2013 and is headquartered in Huntersville, North Carolina.

AKTS Stock Price History

AKTS Stock News Headlines

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Akoustis, Inc.: Akoustis Reports Second Quarter FY24 Results
Akoustis Reports Second Quarter FY24 Results
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A Preview Of Akoustis Technologies's Earnings
Akoustis Technologies Inc AKTS
Akoustis Technologies Founder Acquires 144% More Stock
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
3/29/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:AKTS
Fax
N/A
Employees
222
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1.92
High Stock Price Target
$3.00
Low Stock Price Target
$1.00
Potential Upside/Downside
+224.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-63,560,000.00
Net Margins
-232.77%
Pretax Margin
-240.81%

Debt

Sales & Book Value

Annual Sales
$27.12 million
Book Value
$1.20 per share

Miscellaneous

Free Float
93,081,000
Market Cap
$58.28 million
Optionable
Optionable
Beta
1.72
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AKTS Stock Analysis - Frequently Asked Questions

Should I buy or sell Akoustis Technologies stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akoustis Technologies in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AKTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AKTS, but not buy additional shares or sell existing shares.
View AKTS analyst ratings
or view top-rated stocks.

What is Akoustis Technologies' stock price target for 2024?

3 analysts have issued 1-year target prices for Akoustis Technologies' shares. Their AKTS share price targets range from $1.00 to $3.00. On average, they predict the company's stock price to reach $1.92 in the next twelve months. This suggests a possible upside of 224.3% from the stock's current price.
View analysts price targets for AKTS
or view top-rated stocks among Wall Street analysts.

How have AKTS shares performed in 2024?

Akoustis Technologies' stock was trading at $0.8340 on January 1st, 2024. Since then, AKTS shares have decreased by 29.1% and is now trading at $0.5911.
View the best growth stocks for 2024 here
.

Are investors shorting Akoustis Technologies?

Akoustis Technologies saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 8,610,000 shares, an increase of 13.6% from the February 29th total of 7,580,000 shares. Based on an average daily volume of 948,700 shares, the short-interest ratio is presently 9.1 days.
View Akoustis Technologies' Short Interest
.

When is Akoustis Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our AKTS earnings forecast
.

How were Akoustis Technologies' earnings last quarter?

Akoustis Technologies, Inc. (NASDAQ:AKTS) posted its quarterly earnings results on Tuesday, February, 13th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.01. The technology company earned $7.02 million during the quarter, compared to analysts' expectations of $6.99 million. Akoustis Technologies had a negative net margin of 232.77% and a negative trailing twelve-month return on equity of 80.80%. During the same period last year, the firm posted ($0.19) EPS.

What guidance has Akoustis Technologies issued on next quarter's earnings?

Akoustis Technologies updated its third quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.7 million-$9.2 million, compared to the consensus revenue estimate of $8.5 million.

What other stocks do shareholders of Akoustis Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Akoustis Technologies investors own include Inseego (INSG), NVIDIA (NVDA), Block (SQ), Editas Medicine (EDIT), Marvell Technology (MRVL), Alibaba Group (BABA), Invitae (NVTA), Advanced Micro Devices (AMD), CRISPR Therapeutics (CRSP) and JD.com (JD).

Who are Akoustis Technologies' major shareholders?

Akoustis Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.79%), Vanguard Group Inc. (3.68%), Senvest Management LLC (2.30%), West Tower Group LLC (0.92%), Northern Trust Corp (0.60%) and UBS Group AG (0.47%). Insiders that own company stock include Arthur Geiss, David Aichele, James Michael Mcguire, Jeffrey B Shealy, Kenneth Boller, Rohan Houlden, Steven Denbaars and Suzanne B Rudy.
View institutional ownership trends
.

How do I buy shares of Akoustis Technologies?

Shares of AKTS 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:AKTS) was last updated on 3/29/2024 by MarketBeat.com Staff

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