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Monday, December 4, 2023

Akoustis Technologies Inc (NASDAQ: AKTS) Could Be Viewed Differently By Investors Because Of These Numbers

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 intact, with the stock’s consolidated last price rising by $0.014, or 2.17%, to $0.66. The Akoustis Technologies Inc has recorded 11,090 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Akoustis Introduces Enhanced BAW RF Filter for Wi-Fi 6E & 7 Applications.

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Stocks Info

The company is listed on the NASDAQ and operates within the Communication Equipment industry segment. At the end of the last regular session, the stock closed at $0.65 and fluctuated between $0.6560 as its day high and $0.5700 as its day low. The current market capitalization of Akoustis Technologies Inc is $46.74M. A total of 0.68 million shares were traded on the day, compared to an average of 934.08K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AKTS has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 80,000 and the disposition of 16,200 shares. Over the last 12 months, there were 13 BUYs and 11 SELLs from insiders. Insiders purchased 780,377 shares during that period but sold 34,020.

In the most recent transaction, Aichele David sold 5,300 shares of AKTS for 1.09 per share on Sep 11. After the transaction, the EVP of Business Development now owns 216,722 company shares. In a previous transaction on Sep 11, Boller Kenneth sold 3,900 shares at 1.10 per share. AKTS shares that CFO owns now total 117,857.

Among the insiders who sold shares, Denbaars Steven disposed of 7,000 shares on Aug 18 at a per-share price of $1.83. This resulted in the Director holding 287,709 shares of AKTS after the transaction. In another insider transaction, Boller Kenneth sold 800 shares at $4.37 per share on Feb 10. Company shares held by the CFO now total 110,958.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AKTS in the last 3 months, the mean price target is $2.95 with high estimates of $4.00 and low estimates of $1.75. In terms of 52-week highs and lows, AKTS has a high of $4.95 and a low of $0.46.

As of this writing, AKTS has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.2 in the last quarter, which was -5.30% lower than expectations of -$0.19.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AKTS’s latest balance sheet shows that the firm has $80.48M in Cash & Short Term Investments as of fiscal 2022. There were $44.85M in debt and $12.66M in liabilities at the time. Its Book Value Per Share was $1.20, while its Total Shareholder’s Equity was $103.43M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 4.50.

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