While Akoustis Technologies Inc has underperformed by -0.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AKTS fell by -83.12%, with highs and lows ranging from $3.57 to $0.45, whereas the simple moving average fell by -58.91% in the last 200 days.
On January 04, 2024, Piper Sandler Downgraded Akoustis Technologies Inc (NASDAQ: AKTS) to Neutral. A report published by B. Riley Securities on September 06, 2023, Downgraded its rating to ‘Neutral’ for AKTS. B. Riley Securities also rated AKTS shares as ‘Buy’, setting a target price of $9.25 on the company’s shares in an initiating report dated January 24, 2023. Craig Hallum Reiterated the rating as Buy on February 02, 2021, but set its price target from $18 to $20. Craig Hallum resumed its ‘Buy’ rating for AKTS, as published in its report on January 15, 2021. Northland Capital’s report from September 18, 2019 suggests a price prediction of $7.40 for AKTS shares, giving the stock a ‘Market Perform’ rating. Northland Capital also rated the stock as ‘Outperform’.
Analysis of Akoustis Technologies Inc (AKTS)
Further, the quarter-over-quarter increase in sales is 19.64%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Akoustis Technologies Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -104.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.44, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and AKTS is recording an average volume of 971.18K. On a monthly basis, the volatility of the stock is set at 10.48%, whereas on a weekly basis, it is put at 9.67%, with a loss of -13.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.50, showing growth from the present price of $0.54, which can serve as yet another indication of whether AKTS is worth investing in or should be passed over.
How Do You Analyze Akoustis Technologies Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 5.49%. 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 29.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AKTS shares are owned by institutional investors to the tune of 29.10% at present.
