SkyWater Technology Inc (NASDAQ: SKYT) is -10.29% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SKYT stock was last observed hovering at around $15.16 in the last trading session, with the day’s loss setting it -2.78%.
Currently trading at $12.38, the stock is -4.81% and 17.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing -18.34% at the moment leaves the stock 35.47% off its SMA200. SKYT registered 36.64% gain for a year compared to 6-month gain of 73.63%. The firm has a 50-day simple moving average (SMA 50) of $10.5259 and a 200-day simple moving average (SMA200) of $9.126025.
The stock witnessed a 32.83% loss in the last 1 month and extending the period to 3 months gives it a 41.65%, and is -10.29% 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 12.92% over the week and 15.16% over the month.
SkyWater Technology Inc (SKYT) has around 731 employees, a market worth around $589.98M and $345.94M in sales. Profit margin for the company is -4.75%. Distance from 52-week low is 119.89% and -34.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.26%).
The EPS is expected to grow by 72.59% this year
164.0 institutions hold shares in SkyWater Technology Inc (SKYT), with institutional investors hold 57.31% of the company’s shares. The shares outstanding are 47.64M, and float is at 22.24M with Short Float at 10.93%. Institutions hold 27.33% 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).
