SkyWater Technology Inc (NASDAQ: SKYT)’s stock price has gone decline by -6.04 in comparison to its previous close of 10.43, zacks.com reported 2024-11-07 that SkyWater Technology, Inc. (SKYT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.05 per share a year ago.
Is It Worth Investing in SkyWater Technology Inc (NASDAQ: SKYT) Right Now?
The stock has a 36-month beta value of 3.88. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SKYT is 23.02M, and at present, short sellers hold a 9.74% of that float. On November 08, 2024, the average trading volume of SKYT was 352.36K shares.
SKYT’s Market Performance
SKYT’s stock has seen a 0.00% decrease for the week, with a 4.70% rise in the past month and a 16.25% gain in the past quarter. The volatility ratio for the week is 4.37%, and the volatility levels for the past 30 days are at 5.10% for SkyWater Technology Inc The simple moving average for the past 20 days is -2.50% for SKYT’s stock, with a 8.33% 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 4.88% 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 -24.44% of loss for the given period.
Volatility was left at 5.10%, however, over the last 30 days, the volatility rate increased by 4.37%, as shares surge +2.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.36% upper at present.
During the last 5 trading sessions, SKYT rose by +1.17%, which changed the moving average for the period of 200-days by +8.01% in comparison to the 20-day moving average, which settled at $10.06. In addition, SkyWater Technology Inc saw 1.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKYT starting from Unterseher Loren A, who sale 2,673 shares at the price of $10.00 back on Aug 23 ’24. After this action, Unterseher Loren A now owns 13,019,620 shares of SkyWater Technology Inc, valued at $26,735 using the latest closing price.
CMI Oxbow Partners, LLC, the 10% Owner of SkyWater Technology Inc, proposed sale 300,000 shares at $9.60 during a trade that took place back on Aug 23 ’24, which means that CMI Oxbow Partners, LLC is holding shares at $2,880,000 based on the most recent closing price.
Stock Fundamentals for SKYT
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.18 for the gross margin
The net margin for SkyWater Technology Inc stands at -0.05. The total capital return value is set at -0.0. Equity return is now at value -46.07, with -8.66 for asset returns.
Based on SkyWater Technology Inc (SKYT), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.81. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is -0.01.
Currently, EBITDA for the company is 16.14 million with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To sum up, SkyWater Technology Inc (SKYT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
