Akoustis Technologies Inc (NASDAQ: AKTS) is -93.48% lower on its value in year-to-date trading and has touched a low of $0.05 and a high of $1.19 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 $0.06 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.05, the stock is -33.10% and -45.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.17 million and changing -2.68% at the moment leaves the stock -87.14% off its SMA200. AKTS registered -94.09% loss for a year compared to 6-month loss of -89.99%.
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The stock witnessed a -39.01% gain in the last 1 month and extending the period to 3 months gives it a -58.91%, and is -22.73% down 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 14.00% over the week and 13.43% over the month.
Akoustis Technologies Inc (AKTS) has around 222 employees, a market worth around $5.94M and $29.86M in sales. Profit margin for the company is -257.56%. Distance from 52-week low is 1.68% and -95.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-91.29%).
The EPS is expected to grow by 19.60% this year.
Akoustis Technologies Inc (AKTS) Top Institutional Holders
110.0 institutions hold shares in Akoustis Technologies Inc (AKTS), with institutional investors hold 22.31% of the company’s shares. The shares outstanding are 109.17M, and float is at 103.62M with Short Float at 4.48%. Institutions hold 21.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.23 million shares valued at $0.42 million. The investor’s holdings represent 3.5335% of the AKTS Shares outstanding. As of 2024-06-30, the second largest holder is TAYLOR FRIGON CAPITAL MANAGEMENT LLC with 2.79 million shares valued at $0.37 million to account for 3.0613 of the shares outstanding. The other top investors are SILVERBACK ASSET MANAGEMENT LLC which holds 2.54 million shares representing 2.7797% and valued at over $0.33 million, while UBS OCONNOR LLC holds 2.191 of the shares totaling 2.0 million with a market value of $0.26 million.
Akoustis Technologies Inc (AKTS) Insider Activity
The most recent transaction is an insider purchase by Geiss Arthur, the company’s Director. SEC filings show that Geiss Arthur bought 50,000 shares of the company’s common stock on Jan 29 ’24 at a price of $0.50 per share for a total of $25000.0. Following the purchase, the insider now owns 0.42 million shares.
Akoustis Technologies Inc disclosed in a document filed with the SEC on Jan 29 ’24 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 ’24 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 ’24, 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).
