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Wednesday, February 1, 2023

Investors’ Patience Is Being Tested Right Now By Akoustis Technologies Inc. (NASDAQ: AKTS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Akoustis Technologies Inc. (AKTS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0104, or -0.35%, to $2.9296. The Akoustis Technologies Inc. has recorded 11,514 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Akoustis Announces Pricing of Public Offering of $30.0 Million of Common Stock.

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Stocks Info

Akoustis Technologies Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. At the end of the last regular session, the stock closed at $2.94 and fluctuated between $3.1200 as its day high and $2.7750 as its day low. The current market capitalization of Akoustis Technologies Inc. is $166.70M. A total of 2.89 million shares were traded on the day, compared to an average of 384.55K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AKTS has seen 7 BUY and 4 SELL insider trades, representing the acquisition of 328,769 and the disposition of 12,000 shares. Over the last 12 months, there were 13 BUYs and 14 SELLs from insiders. Insiders purchased 409,582 shares during that period but sold 50,193.

In the most recent transaction, Shealy Jeffrey B. sold 2,340 shares of AKTS for 2.84 per share on Dec 20. After the transaction, the Chief Executive Officer now owns 505,502 company shares. In a previous transaction on Dec 19, Boller Kenneth sold 1,200 shares at 2.92 per share. AKTS shares that CFO owns now total 111,758.

Among the insiders who sold shares, Aichele David disposed of 1,480 shares on Dec 19 at a per-share price of $3.14. This resulted in the EVP of Business Development holding 215,987 shares of AKTS after the transaction. In another insider transaction, Denbaars Steven sold 7,000 shares at $3.57 per share on Dec 06. Company shares held by the Director now total 276,527.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AKTS in the last 3 months, the mean price target is $7.25 with high estimates of $10.00 and low estimates of $5.00. In terms of 52-week highs and lows, AKTS has a high of $7.13 and a low of $2.28.

As of this writing, AKTS has an earnings estimate of -$0.2 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.25.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AKTS is Buy with a score of 5.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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