After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Akoustis Secures Design Win and Volume Orders for Wi-Fi 7 Solution with Tier-1 Enterprise Class OEM.
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Stocks Info
AKTS belongs to the Technology sector of the NASDAQ while operating in the Communication Equipment industry. The current market capitalization of Akoustis Technologies Inc is $57.68M. A total of 0.5 million shares were traded on the day, compared to an average of 933.09K shares.
In the most recent transaction, Shealy Jeffrey B. bought 1,310,000 shares of AKTS for 0.50 per share on Jan 29 ’24. After the transaction, the Chief Executive Officer now owns 2,222,775 company shares. In a previous transaction on Jan 29 ’24, Aichele David bought 80,000 shares at 0.50 per share. AKTS shares that EVP of Business Development owns now total 334,622.
Among the insiders who bought shares, Boller Kenneth acquired of 60,000 shares on Jan 29 ’24 at a per-share price of $0.50. This resulted in the CFO holding 214,957 shares of AKTS after the transaction. In another insider transaction, Geiss Arthur bought 50,000 shares at $0.50 per share on Jan 29 ’24. Company shares held by the Director now total 415,924.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AKTS has a high of $3.57 and a low of $0.45.
As of this writing, AKTS has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.26 in the last quarter, which was -44.40% lower than expectations of -$0.18.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $0.71, while its Total Shareholder’s Equity was $103.43M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.00.
