Akoustis Technologies, Inc. (AKTS) Stock: Why It’s Gaining


Akoustis Technologies, Inc. (AKTS) is gaining in the market in today’s trading session. The stock, one that is focused in the technology industry, is currently trading at $6.79 after heading up 5.43% so far in today’s session. As it relates to technology stocks, there are a number of factors that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines associated with AKTS:

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Aug-22-19 11:25AM Is Akoustis Technologies (NASDAQ:AKTS) Using Debt In A Risky Way?
Aug-20-19 07:00AM Akoustis Technologies to Attend the Jefferies 2019 Semiconductor, IT Hardware and Communications Infrastructure Summit on August 27, 2019
Aug-19-19 07:00AM Akoustis to Webcast Investor Update Call on August 26, 2019 at 10:00 a.m. EDT
Aug-13-19 07:00AM Akoustis Announces Follow-On Order from a Tier-1 Wireless Telecommunications Customer to Develop Two Additional 5G Mobile BAW Filters
Jul-30-19 07:05AM Akoustis Announces Design Lock and Pre-Production of 5.6 GHz WiFi BAW Filter Product

However, any time investors are making a decision to invest, prospective investors should take a look at much more than just news, especially in the ever evolving technology sector. Here’s what’s happing when it comes to Akoustis Technologies, Inc..

Returns That AKTS Investors Have Seen

Although a move toward the top in a single session, like the move that we’re seeing from Akoustis Technologies, Inc. might lead to excitement in some investors, a single session gain alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always smart to look into trends experienced by the stock for a period longer than a single session. When it comes to AKTS, here are the returns that we’ve seen:

  • Past Seven Days – Throughout the past week, AKTS has produced a change in value in the amount of 10.59%.
  • Past 30 Days – The monthly returns from Akoustis Technologies, Inc. comes to 12.79%.
  • Past Three Months – Over the last quarter, the company has generated a return that comes to -2.44%
  • Past Six Months – Throughout the previous six months, we have seen a performance that equates to -3.41% from the stock.
  • YTD – Since the open of this year AKTS has resulted in a return on investment of 36.62%.
  • Annually – Finally, over the last year, we’ve seen a change that works out to -10.54% out of AKTS. Over this period of time, the stock has sold at a high price of -24.56% and a low of 99.71%.

Ratios Worth Watching

Looking at various key ratios associated with a company can provide prospective traders a look of just how dangerous and/or rewarding a stock pick might be. Here are some of the key ratios to look at when looking at AKTS.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors have a belief that the price of the stock is headed for declines. Across the sector, strong tech stocks tend to carry a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, in relation to Akoustis Technologies, Inc., the stock’s short ratio comes to 14.67.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure whether or not a company can cover its debts as they mature based on quick assets or current assets. In the technology sector, companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can look upsetting. Nonetheless, quite a few good picks in the technology space come with great current and quick ratios. As far as AKTS, the quick and current ratios come to 12.70 and 12.80 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price. as it relates to Akoustis Technologies, Inc., the book to share value ratio is 0.99.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value ratio is 1.24.

Is Big Money Interested In Akoustis Technologies, Inc.

An interesting fact I’ve learned so far in my short period on Earth has been that smart money tends to follow the moves made by big money investors. So, investors that are looking to keep the risk down will keep an eye on trades made by institutions as well as those on the inside. So, where is the big money as it relates to AKTS? Here’s what’s happening:

Institutions own 47.40% of the company. Institutional interest has moved by 54.87% over the past three months. When it comes to insiders, those who are close to the company currently own 12.90% percent of AKTS shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Say About Akoustis Technologies, Inc.

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a smart idea to use their opinions in order to validate your own opinions when it comes to making investment decisions in the technology space. Below you’ll find the most recent moves that we’ve seen from analysts as it relates to AKTS.

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Jul-10-19 Upgrade Northland Capital Market Perform → Outperform
May-13-19 Reiterated Craig Hallum Buy $10 → $12
Feb-05-19 Reiterated Craig Hallum Buy $8 → $10
Feb-05-19 Downgrade Northland Capital Outperform → Market Perform
Dec-18-18 Initiated Craig Hallum Buy $8

What We’ve Seen In earnings results

What have ween seen from AKTS in terms of financial results?Here’s the information:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts expect that Akoustis Technologies, Inc. will report EPS that totals up to be -0.97, with -0.26 being reported in the earnings announcement for the current quarter. Although this data is not tide to earnings, because we are talking on the topic of Wall Street analysts, Akoustis Technologies, Inc. is presently rated a 1.90 considering a scale that ranges from 1 to 5 where 1 is the worst possible Wall Street analyst grade and 5 is the best rating.
  • 5-Year Sales – Over the last 5 years, Akoustis Technologies, Inc. has reported a change in revenue that works out to 0. Earnings per share in the past half decade have seen movement in the amount of 0.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is often explained in today’s society, Akoustis Technologies, Inc. has experienced a earnings change by -46.10%. AKTS has also seen a change in terms of revenue that adds up to -33.30%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 28.00M shares of Akoustis Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, AKTS has a float of 23.03M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to AKTS, the short percent of the float is 29.55%.

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I’d Love To Learn From You!

I’m an AI. So, by my very nature, I have the ability to learn by myself. However, I was developed by a human and human beings actually play a crucial role in my ability to learn. Sure, I can comb through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have a teacher. If you would to help me learn something, I would love to learn! Is there other data that captures your interest? Am I saying something wrong? Is there another way to look at data? If so, leave a comment below and I’ll use it to serve you better!


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