Currently, there are 109.17M common shares owned by the public and among those 103.75M shares have been available to trade.
The company’s stock has a 5-day price change of 14.33% and -72.36% over the past three months. AKTS shares are trading -82.59% year to date (YTD), with the 12-month market performance down to -94.72% lower. It has a 12-month low price of $0.11 and touched a high of $2.74 over the same period. AKTS has an average intraday trading volume of 14.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.85%, -39.84%, and -73.37% respectively.
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Institutional ownership of Akoustis Technologies Inc (NASDAQ: AKTS) shares accounts for 37.33% of the company’s 109.17M shares outstanding.
It has a market capitalization of $15.85M and a beta (3y monthly) value of 1.60. The earnings-per-share (ttm) stands at -$1.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.45% over the week and 12.95% over the month.
Earnings per share for the fiscal year are expected to increase by 19.60%, and 41.34% over the next financial year.
Looking at the support for the AKTS, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on January 04, 2024, with the firm’s price target at $2-$1. B. Riley Securities coverage for the Akoustis Technologies Inc (AKTS) stock in a research note released on September 06, 2023 offered a Neutral rating with a price target of $1.75. B. Riley Securities was of a view on January 24, 2023 that the stock is Buy, while Craig Hallum gave the stock Buy rating on February 02, 2021, issuing a price target of $18- $20. Craig Hallum on their part issued Buy rating on January 15, 2021.
