Here are the top Institutional holders of Akoustis Technologies Inc (AKTS) shares

Akoustis Technologies Inc (NASDAQ: AKTS) is -21.07% lower on its value in year-to-date trading and has touched a low of $0.45 and a high of $4.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AKTS stock was last observed hovering at around $0.63 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $0.66, the stock is 3.52% and -3.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 4.56% at the moment leaves the stock -58.99% off its SMA200. AKTS registered -86.29% loss for a year compared to 6-month loss of -68.35%. The firm has a 50-day simple moving average (SMA 50) of $2.91 and a 200-day simple moving average (SMA200) of -$1.51.

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The stock witnessed a -11.51% gain in the last 1 month and extending the period to 3 months gives it a 16.93%, and is 18.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.34% over the week and 14.97% over the month.

Akoustis Technologies Inc (AKTS) has around 222 employees, a market worth around $64.91M and $28.56M in sales. Profit margin for the company is -226.20%. Distance from 52-week low is 46.29% and -86.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-58.12%).

Akoustis Technologies Inc quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $6.99M over the same period.The EPS is expected to grow by 16.59% this year, but quarterly earnings will post 21.50% year-over-year.

146 institutions hold shares in Akoustis Technologies Inc (AKTS), with institutional investors hold 37.10% of the company’s shares. The shares outstanding are 98.60M, and float is at 91.23M with Short Float at 7.55%. Institutions hold 35.74% of the Float.

Akoustis Technologies Inc (AKTS) Insider Activity

A total of 12 insider transactions have happened at Akoustis Technologies Inc (AKTS) in the last six months, with sales accounting for 3 and purchases happening 9 times. The most recent transaction is an insider purchase by Shealy Jeffrey B., the company’s Chief Executive Officer. SEC filings show that Shealy Jeffrey B. bought 1,310,000 shares of the company’s common stock on Jan 29 at a price of $0.50 per share for a total of $0.66 million. Following the purchase, the insider now owns 2.22 million shares.

Akoustis Technologies Inc disclosed in a document filed with the SEC on Jan 29 that Aichele David (EVP of Business Development) bought a total of 80,000 shares of the company’s common stock. The trade occurred on Jan 29 and was made at $0.50 per share for $40000.0. Following the transaction, the insider now directly holds 0.33 million shares of the AKTS stock.

Still, SEC filings show that on Jan 29, Boller Kenneth (CFO) acquired 60,000 shares at an average price of $0.50 for $30000.0. The insider now directly holds 214,957 shares of Akoustis Technologies Inc (AKTS).

Akoustis Technologies Inc (AKTS): Who are the competitors?

One of the company’s main competitors (and peers) include Oki Electric Industry Co. Ltd. ADR (OKIEY) that is trading 21.96% up over the past 12 months.Silicom Ltd. (SILC) lies in the list of competitors of the Akoustis Technologies Inc and is -58.98% lower over the same period from AKTSRibbon Communications Inc. (RBBN) is -10.29% down on the 1-year trading charts.