Are SkyWater Technology Inc (SKYT) shares a good deal now?

While SkyWater Technology Inc has overperformed by 1.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SKYT rose by 3.92%, with highs and lows ranging from $15.99 to $4.73, whereas the simple moving average jumped by 22.86% in the last 200 days.

On April 26, 2022, Craig Hallum started tracking SkyWater Technology Inc (NASDAQ: SKYT) recommending Buy.

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Analysis of SkyWater Technology Inc (SKYT)

Further, the quarter-over-quarter increase in sales is 36.88%, showing a positive trend in the upcoming months.

SkyWater Technology Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -47.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

The average volume for any stock is also a very valuable indicator of volatility, and SKYT has an average volume of 272.70K. On a monthly basis, the volatility of the stock is set at 4.91%, whereas on a weekly basis, it is put at 4.68%, with a gain of 15.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.44, showing growth from the present price of $9.80, which can serve as yet another indication of whether SKYT is worth investing in or should be passed over.

How Do You Analyze SkyWater Technology Inc Shares?

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 66.94%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in SKYT shares?

The recent increase in stakes in SKYT appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in SKYT has increased by 25.34% in the first quarter. The company now owns 1,141,187 shares of the stock, with a value of $10.98 million, following the purchase of 230,727 additional shares during the last quarter. Emerald Advisers LLC made another increased to its shares in SKYT during the first quarter, upping its stake by 17.39%. During the last quarter, the company picked up 167,290 additional shares for a total stake of worth $10.87 million, bringing number of shares owned by the company to 1,129,507.

During the first quarter, BlackRock Fund Advisors added a 36,023 position in SKYT. Emerald Mutual Fund Advisers Trus purchased an additional 0.12 million shares in the last quarter, increasing its holdings by 15.55%, now holding 0.87 million shares worth $8.37 million. At the end of the first quarter, Driehaus Capital Management LLC decreased its SKYT holdings by -0.21% and now holds 0.8 million SKYT shares valued at $7.69 million with the lessened 1691.0 shares during the period. SKYT shares are owned by institutional investors to the tune of 18.83% at present.

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