The stock price of Akoustis Technologies Inc (NASDAQ: AKTS) has plunged by -9.64 when compared to previous closing price of 0.10, but the company has seen a 12.78% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-09 that Charlotte, N.C., July 09, 2024 (GLOBE NEWSWIRE) — Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that the Company has received $8M in new orders from a Tier-1 customer to satisfy the customer’s demand for four Wi-Fi Access Points (AP), which are either currently in production or ramping into production in the second half of calendar year 2024.
Is It Worth Investing in Akoustis Technologies Inc (NASDAQ: AKTS) Right Now?
The stock has a 36-month beta value of 1.86. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AKTS is 149.77M, and at present, short sellers hold a 3.56% of that float. On November 26, 2024, the average trading volume of AKTS was 20.07M shares.
AKTS’s Market Performance
AKTS’s stock has seen a 12.78% increase for the week, with a 54.07% rise in the past month and a -1.41% fall in the past quarter. The volatility ratio for the week is 30.99%, and the volatility levels for the past 30 days are at 25.73% for Akoustis Technologies Inc The simple moving average for the past 20 days is 39.32% for AKTS’s stock, with a -65.94% simple moving average for the past 200 days.
Analysts’ Opinion of AKTS
Many brokerage firms have already submitted their reports for AKTS stocks, with Piper Sandler repeating the rating for AKTS by listing it as a “Neutral.” The predicted price for AKTS in the upcoming period, according to Piper Sandler is $1 based on the research report published on January 04, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see AKTS reach a price target of $1.75, previously predicting the price at $9.25. The rating they have provided for AKTS stocks is “Neutral” according to the report published on September 06th, 2023.
B. Riley Securities gave a rating of “Buy” to AKTS, setting the target price at $9.25 in the report published on January 24th of the previous year.
AKTS Trading at 32.43% 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 -92.36% of loss for the given period.
Volatility was left at 25.73%, however, over the last 30 days, the volatility rate increased by 30.99%, as shares surge +35.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.10% upper at present.
During the last 5 trading sessions, AKTS rose by +12.78%, which changed the moving average for the period of 200-days by -86.69% in comparison to the 20-day moving average, which settled at $0.0652. In addition, Akoustis Technologies Inc saw -89.10% 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 Geiss Arthur, who purchase 50,000 shares at the price of $0.50 back on Jan 29 ’24. After this action, Geiss Arthur now owns 415,924 shares of Akoustis Technologies Inc, valued at $25,000 using the latest closing price.
Aichele David, the EVP of Business Development of Akoustis Technologies Inc, purchase 80,000 shares at $0.50 during a trade that took place back on Jan 29 ’24, which means that Aichele David is holding 334,622 shares at $40,000 based on the most recent closing price.
Stock Fundamentals for AKTS
Current profitability levels for the company are sitting at:
- -3.19 for the present operating margin
- 0.16 for the gross margin
The net margin for Akoustis Technologies Inc stands at -5.24. The total capital return value is set at 4.12. Equity return is now at value -11970.66, with -167.18 for asset returns.
Based on Akoustis Technologies Inc (AKTS), the company’s capital structure generated -2.85 points at debt to capital in total, while cash flow to debt ratio is standing at -0.82. The debt to equity ratio resting at -0.74. The interest coverage ratio of the stock is -43.11.
Currently, EBITDA for the company is -152.08 million with net debt to EBITDA at -0.27. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 7.67for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
To sum up, Akoustis Technologies Inc (AKTS) has seen a mixed 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.
