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 brokerages have issued 12-month price objectives for Akoustis Technologies' stock. 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 293.6% 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 stock has decreased by 41.6% and is now trading at $0.4870. View the best growth stocks for 2024 here .

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

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 earnings per share (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 variety of institutional and retail investors. Top institutional shareholders include Taylor Frigon Capital Management LLC (3.41%). 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 .

NASDAQ:AKTS

Akoustis Technologies (AKTS) Stock Price, News & Analysis

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$0.49

-0.02 (-3.94%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.48
▼
$0.52
50-Day Range: $0.50
▼
$0.79
52-Week Range: $0.45
▼
$3.57

Volume: 473,831 shs
Average Volume: 455,122 shs
Market Capitalization: $48.02 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.92

Get Akoustis Technologies alerts:

Akoustis Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 293.6% Upside
$1.92 Price Target
Short Interest: Bearish
9.57% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
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.

0.75 out of 5 stars

Computer And Technology Sector

531st out of 582 stocks

Telephone & Telegraph Apparatus Industry

9th out of 10 stocks

3.2

Analyst's Opinion

Consensus Rating
Akoustis Technologies has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Akoustis Technologies has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
9.57% of the outstanding shares of Akoustis Technologies have been sold short.
Short Interest Ratio / Days to Cover
Akoustis Technologies has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Akoustis Technologies has recently increased by 9.64%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Akoustis Technologies does not currently pay a dividend.
Dividend Growth
Akoustis Technologies 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 AKTS.

0.0

News and Social Media Coverage

Search Interest
Only 1 people have searched for AKTS on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Akoustis Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Akoustis Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $750,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of Akoustis Technologies is held by insiders.
Percentage Held by Institutions
Only 28.84% of the stock of Akoustis Technologies is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.68) to ($0.35) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Akoustis Technologies is -0.50, 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 Akoustis Technologies is -0.50, 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
Akoustis Technologies has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

AKTS Stock News Headlines

April 11, 2024 | markets.businessinsider.com

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April 11, 2024 | investorplace.com

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April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 8, 2024 | globenewswire.com

Akoustis Secures Design Win and Volume Orders for Wi-Fi 7 Solution with Tier-1 Enterprise Class OEM

April 3, 2024 | globenewswire.com

Akoustis Introduces Two New 2.4 GHz BAW RF Filters for Wi-Fi Automotive and Access Point Applications

March 11, 2024 | globenewswire.com

Akoustis to Attend the 36th Annual Roth Conference on March 17-19, 2024

March 6, 2024 | investorplace.com

7 of the Best Speculative Stocks You Can Snag for Less Than $1

February 15, 2024 | finance.yahoo.com

Akoustis to Attend GOMACTech 2024 in Charleston from March 19-20

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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February 15, 2024 | globenewswire.com

Akoustis to Attend GOMACTech 2024 in Charleston from March 19-20

February 13, 2024 | finanznachrichten.de

Akoustis, Inc.: Akoustis Reports Second Quarter FY24 Results

February 13, 2024 | finance.yahoo.com

Akoustis Reports Second Quarter FY24 Results

February 12, 2024 | msn.com

Akoustis Technologies Q2 2024 Earnings Preview

February 12, 2024 | benzinga.com

A Preview Of Akoustis Technologies's Earnings

February 12, 2024 | msn.com

Akoustis receives Wi-Fi 7 design win from tier-1 U.S.-based carrier

February 8, 2024 | finance.yahoo.com

Akoustis Achieves Wi-Fi 7 Design Win and Volume Orders for Two New Programs from Current Tier-1 Enterprise Wi-Fi AP Solutions Provider

February 6, 2024 | finance.yahoo.com

Akoustis to Webcast Q2FY24 Results on February 13 at 8:00 am ET

February 2, 2024 | morningstar.com

Akoustis Technologies Inc AKTS

February 2, 2024 | finance.yahoo.com

Akoustis Technologies Founder Acquires 144% More Stock

February 2, 2024 | finance.yahoo.com

Akoustis Technologies Insiders Placed Bullish Bets Worth US$750.0k

January 29, 2024 | finance.yahoo.com

Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriter’s Option to Purchase Additional Shares

January 29, 2024 | msn.com

Akoustis secures wBMS Design Win with Tier-1 automotive product supplier

January 25, 2024 | marketwatch.com

Akoustis Technologies Shares Dive 32% on 20M-Share Offering

January 25, 2024 | markets.businessinsider.com

Akoustis Technologies Prices Offering Of 20 Mln Shares At $0.50 Per Share

January 25, 2024 | msn.com

Why Akoustis Technologies (AKTS) Stock Is Nosediving

January 25, 2024 | finance.yahoo.com

Akoustis Announces Pricing of Public Offering of $10.0 Million of Common Stock

January 10, 2024 | finance.yahoo.com

Akoustis Receives Wi-Fi 7 Design Win from Tier-1 Enterprise Wi-Fi AP Provider

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Current Symbol: NASDAQ:AKTS
CUSIP: N/A
CIK: 1584754
Web: www.akoustis.com
Phone: (704) 997-5735
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: +293.6%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.97)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-63,560,000.00
Net Margins: -232.77%
Pretax Margin: -240.81%
Return on Equity: -80.80%
Return on Assets: -45.66%

Debt

Debt-to-Equity Ratio: 0.80
Current Ratio: 1.82
Quick Ratio: 1.44

Sales & Book Value

Annual Sales: $27.12 million
Price / Sales: 1.77
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.20 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 98,600,000
Free Float: 93,081,000
Market Cap: $48.02 million
Optionable: Optionable
Beta: 1.71

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Key Executives

Mr. Jeffrey B. Shealy (Age 55)
Founder, President, CEO & Director
Comp: $719.24k
Mr. Kenneth E. Boller (Age 53)
CFO & Corporate Controller
Comp: $321.59k
Mr. David M. Aichele (Age 58)
Executive Vice President of Business Development
Comp: $348.52k
Mr. Andrew Wright
General Counsel & Corporate Secretary
Ms. Mary Winters
Executive VP of Fab & Corporate Operations
Mr. Kamran Cheema
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokerages have issued 12-month price objectives for Akoustis Technologies' stock. 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 293.6% 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 stock has decreased by 41.6% and is now trading at $0.4870.
View the best growth stocks for 2024 here.
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) issued its quarterly earnings results on Tuesday, February, 13th. The technology company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.01. The technology company had revenue of $7.02 million for the quarter, compared to the consensus estimate of $6.99 million. Akoustis Technologies had a negative trailing twelve-month return on equity of 80.80% and a negative net margin of 232.77%. During the same period last year, the company posted ($0.19) earnings per share.

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 earnings per share (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 variety of institutional and retail investors. Top institutional shareholders include Taylor Frigon Capital Management LLC (3.41%). 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 4/20/2024 by MarketBeat.com Staff

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Akoustis Technologies (AKTS) Stock Price, News & Analysis

Akoustis Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Akoustis Technologies Stock (NASDAQ:AKTS)

AKTS Stock Price History

AKTS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AKTS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™