SkyWater Technology Inc (NASDAQ: SKYT)’s stock price has gone rise by 2.87 in comparison to its previous close of 8.00, however, the company has experienced a -5.07% decrease in its stock price over the last five trading days. businesswire.com reported 2024-05-20 that BLOOMINGTON, Minn.–(BUSINESS WIRE)–SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that company management is scheduled to participate in two upcoming investor conferences taking place during the second quarter. Craig-Hallum 21st Annual Institutional Investor Conference May 29, 2024 at the Depot Renaissance Minneapolis, MN (1x1s only) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 at the InterContinental Barclay New.
Is It Worth Investing in SkyWater Technology Inc (NASDAQ: SKYT) Right Now?
The 36-month beta value for SKYT is also noteworthy at 4.01. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SKYT is 21.81M, and at present, short sellers hold a 7.71% of that float. The average trading volume of SKYT on May 27, 2024 was 550.95K shares.
SKYT’s Market Performance
SKYT stock saw a decrease of -5.07% in the past week, with a monthly decline of -11.03% and a quarterly a decrease of -25.59%. The volatility ratio for the week is 4.32%, and the volatility levels for the last 30 days are 7.16% for SkyWater Technology Inc (SKYT). The simple moving average for the past 20 days is -8.31% for SKYT’s stock, with a 1.49% simple moving average for the past 200 days.
Analysts’ Opinion of SKYT
Many brokerage firms have already submitted their reports for SKYT stocks, with TD Cowen repeating the rating for SKYT by listing it as a “Outperform.” The predicted price for SKYT in the upcoming period, according to TD Cowen is $15 based on the research report published on February 27, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see SKYT reach a price target of $15, previously predicting the price at $13. The rating they have provided for SKYT stocks is “Buy” according to the report published on February 27th, 2024.
Craig Hallum gave a rating of “Buy” to SKYT, setting the target price at $10 in the report published on April 26th of the previous year.
SKYT Trading at -12.67% from the 50-Day Moving Average
After a stumble in the market that brought SKYT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.55% of loss for the given period.
Volatility was left at 7.16%, however, over the last 30 days, the volatility rate increased by 4.32%, as shares sank -15.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.84% lower at present.
During the last 5 trading sessions, SKYT fell by -5.07%, which changed the moving average for the period of 200-days by +5.51% in comparison to the 20-day moving average, which settled at $8.90. In addition, SkyWater Technology Inc saw -14.45% 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 SKYT starting from GRAVES GREGORY B, who sale 5,432 shares at the price of $8.10 back on May 21 ’24. After this action, GRAVES GREGORY B now owns 14,844 shares of SkyWater Technology Inc, valued at $44,013 using the latest closing price.
Unterseher Loren A, the Director of SkyWater Technology Inc, sale 368,709 shares at $12.14 during a trade that took place back on Mar 07 ’24, which means that Unterseher Loren A is holding 13,022,293 shares at $4,475,456 based on the most recent closing price.
Stock Fundamentals for SKYT
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.19 for the gross margin
The net margin for SkyWater Technology Inc stands at -0.11. The total capital return value is set at -0.09. Equity return is now at value -59.75, with -10.65 for asset returns.
Based on SkyWater Technology Inc (SKYT), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is -1.3.
Currently, EBITDA for the company is 16.14 million with net debt to EBITDA at 4.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 3.62for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In summary, SkyWater Technology Inc (SKYT) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
