SkyWater Technology Inc (NASDAQ: SKYT) is 29.31% higher on its value in year-to-date trading and has touched a low of $5.63 and a high of $19.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SKYT stock was last observed hovering at around $15.76 in the last trading session, with the day’s loss setting it -3.32%.
Currently trading at $12.44, the stock is 31.24% and 31.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing -21.07% at the moment leaves the stock 39.51% off its SMA200. SKYT registered 51.71% gain for a year compared to 6-month gain of 66.31%. The firm has a 50-day simple moving average (SMA 50) of $9.4245 and a 200-day simple moving average (SMA200) of $8.912325.
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The stock witnessed a 51.52% loss in the last 1 month and extending the period to 3 months gives it a 35.66%, and is 34.05% 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 26.62% over the week and 11.19% over the month.
SkyWater Technology Inc (SKYT) has around 731 employees, a market worth around $592.84M and $345.94M in sales. Profit margin for the company is -4.75%. Distance from 52-week low is 120.96% and -34.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.26%).
with sales reaching $74.25M over the same period.The EPS is expected to grow by 72.59% this year, but quarterly earnings will post 18.97% year-over-year. Quarterly sales are estimated to shrink -6.20% in year-over-year returns.
164.0 institutions hold shares in SkyWater Technology Inc (SKYT), with institutional investors hold 57.72% of the company’s shares. The shares outstanding are 47.64M, and float is at 22.24M with Short Float at 10.50%. Institutions hold 27.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.56 million shares valued at $11.96 million. The investor’s holdings represent 3.3194 of the SKYT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.38 million shares valued at $10.56 million to account for 2.9312 of the shares outstanding. The other top investors are EMERALD ADVISERS, LLC which holds 1.09 million shares representing 2.3248 and valued at over $8.38 million, while BAILLIE GIFFORD & CO holds 2.139 of the shares totaling 1.01 million with a market value of $7.71 million.
SkyWater Technology Inc (SKYT) Insider Activity
The most recent transaction is an insider sale by Unterseher Loren A, the company’s Director. SEC filings show that Unterseher Loren A sold 7,761 shares of the company’s common stock on Dec 13 ’24 at a price of $9.27 per share for a total of $71916.0. Following the sale, the insider now owns 12.81 million shares.
SkyWater Technology Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Unterseher Loren A (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $9.38 per share for $0.94 million. Following the transaction, the insider now directly holds 12.92 million shares of the SKYT stock.
Still, SEC filings show that on Dec 09 ’24, Unterseher Loren A (Director) disposed off 61,299 shares at an average price of $9.38 for $0.58 million. The insider now directly holds 12,858,321 shares of SkyWater Technology Inc (SKYT).
