The stock of Akoustis Technologies Inc (AKTS) has seen a 41.80% increase in the past week, with a -2.16% drop in the past month, and a -63.01% decrease in the past quarter. The volatility ratio for the week is 23.63%, and the volatility levels for the past 30 days are at 16.80% for AKTS. The simple moving average for the past 20 days is 19.49% for AKTS’s stock, with a -71.25% simple moving average for the past 200 days.

Is It Worth Investing in Akoustis Technologies Inc (NASDAQ: AKTS) Right Now?

Moreover, the 36-month beta value for AKTS is 1.82. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”

The average price recommended by analysts for Akoustis Technologies Inc (AKTS) is $1.75, which is $1.06 above the current market price. The public float for AKTS is 68.55M and currently, short sellers hold a 10.35% of that float. On November 17, 2023, AKTS’s average trading volume was 942.98K shares.

AKTS) stock’s latest price update

Akoustis Technologies Inc (NASDAQ: AKTS)’s stock price has plunge by -8.98relation to previous closing price of 0.76. Nevertheless, the company has seen a 41.80% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-13 that Akoustis (AKTS) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.28 per share a year ago.

Analysts’ Opinion of AKTS

Many brokerage firms have already submitted their reports for AKTS stocks, with B. Riley Securities repeating the rating for AKTS by listing it as a “Neutral.” The predicted price for AKTS in the upcoming period, according to B. Riley Securities is $1.75 based on the research report published on September 06, 2023 of the current year 2023.

AKTS Trading at -6.00% from the 50-Day Moving Average

After a stumble in the market that brought AKTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.12% of loss for the given period.

Volatility was left at 16.80%, however, over the last 30 days, the volatility rate increased by 23.63%, as shares sank -1.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.85% lower at present.

During the last 5 trading sessions, AKTS rose by +41.80%, which changed the moving average for the period of 200-days by -82.08% in comparison to the 20-day moving average, which settled at $0.5752. In addition, Akoustis Technologies Inc saw -75.60% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AKTS starting from Aichele David, who sale 5,300 shares at the price of $1.09 back on Sep 11. After this action, Aichele David now owns 216,722 shares of Akoustis Technologies Inc, valued at $5,777 using the latest closing price.

Boller Kenneth, the CFO of Akoustis Technologies Inc, sale 3,900 shares at $1.10 during a trade that took place back on Sep 11, which means that Boller Kenneth is holding 117,857 shares at $4,290 based on the most recent closing price.

Stock Fundamentals for AKTS

Current profitability levels for the company are sitting at:

• -242.87 for the present operating margin
• -52.99 for the gross margin

The net margin for Akoustis Technologies Inc stands at -234.35. The total capital return value is set at -47.06, while invested capital returns managed to touch -45.53. Equity return is now at value -83.63, with -47.53 for asset returns.

Based on Akoustis Technologies Inc (AKTS), the company’s capital structure generated 52.68 points at debt to equity in total, while total debt to capital is 34.50. Total debt to assets is 30.51, with long-term debt to equity ratio resting at 52.17. Finally, the long-term debt to capital ratio is 34.17.

When we switch over and look at the enterprise to sales, we see a ratio of 2.00, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 5.20 and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.

Conclusion

To wrap up, the performance of Akoustis Technologies Inc (AKTS) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.