Piper Sandler has recently reduced Akoustis Technologies Inc (AKTS) stock to Neutral rating, as announced on January 4, 2024, according to Finviz. Earlier, on September 6, 2023, B. Riley Securities had reduced the stock from a Buy to Neutral, setting a price target of $1.75 for AKTS stock. B. Riley Securities also initiated Buy rating with a price target of $9.25. Additionally, Craig Hallum reiterated Buy rating on February 2, 2021, with a target price of $20. Craig Hallum analysts, in their report published on January 15, 2021, also reiterated Buy rating and set a price target of $12 for Akoustis Technologies Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Akoustis Technologies Inc (AKTS) Stock Trading Recap
On Tuesday, Akoustis Technologies Inc (AKTS) stock saw a decline, ending the day at $0.09 which represents a decrease of $-0.01 or -10.00% from the prior close of $0.1. The stock opened at $0.09 and touched a low of $0.09 during the day, reaching a high of $0.1. The volume of shares traded was 7.41 million falling short of the average volume of 20.97 million.
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AKTS Stock Performance and Moving Averages
In recent trading, Akoustis Technologies Inc (AKTS) stock price has shown some volatility, fluctuating 2.42% over the last five trades and 82.19% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -46.49%, and it has gained 18.90% in the previous three months. Currently, AKTS is trading at 22.87%, 28.88%, and -63.01% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, AKTS, a Technology sector stock, is trading -92.18% below its 52-week high but remains 116.01% above its 52-week low. The Average True Range (ATR) (14 days) of 0.02 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Akoustis Technologies Inc’s Profitability and Valuation Ratios
Akoustis Technologies Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -170.84% and a profit margin of -524.47%, with a gross margin of -46.49%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Akoustis Technologies Inc’s market capitalization stands at $14.39 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.49, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.12% of Akoustis Technologies Inc (AKTS)’s shares, while financial institutions hold 13.68%.
