Akoustis Technologies Inc (NASDAQ:AKTS) currently has a daily average trading volume of 9.79M but it saw 12033962 shares traded in last market. With a market cap of 10.48M USD, the company’s current market price of $0.07 came rising about 0.59 while comparing to the previous closing price of $0.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.19 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.0667 while lowest mark touched by it was $0.0728.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which downgraded the stock as “Neutral” in its note to investors issued on January 04, 2024, recommending a price target of between $2 and $1 for it. B. Riley Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on September 06, 2023 while assigning a price target range of $9.25-$1.75. B. Riley Securities issued its recommendations for the stock as it initiated the price target for the stock is $9.25.
Over the week, AKTS’s stock price is moving -4.64% down while it is -3.14% when we observe its performance for the past one month. Year-to-date it is -91.87% down and over the past year, the stock is showing a downside performance of -88.82%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.21 beaten by the consensus estimate of -0.17 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-08, for which analysts forecasted an EPS of -0.11 while estimate for next year EPS is -0.7. In next quarter, company is expected to be making quarterly sales of $8.03M as analysts are expecting the sales for current fiscal year at $27.38M and seeing the company making $38.27M in sales next year. Moreover, analysts are in estimates of $5.86M for current-quarter revenue.
Currently, Akoustis Technologies Inc’s total number of outstanding shares is 154.59M with 3.32% of that held by the insiders while 14.95% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -1152.52%. Stock’s beta reads 1.64. Stock has a price to sale or P/S ratio amounts to 0.38. Its return on asset (ROA) is -153.62% on average.
