Akoustis Technologies, Inc. (AKTS) Stock: A Technology Stock That’s Making Its Way For The Top

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Akoustis Technologies, Inc. (AKTS) is gaining in the market today. The company, one that is focused in the tech industry, is currently priced at $7.34 after heading up 5.31% so far in today’s session. As it relates to technology stocks, there are several aspects that have the ability to cause price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines centered around AKTS:

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Nov-08-19 09:07AM Fresh Hope on Trade Deal Boosts Chipmaker Stocks: 5 Picks
07:00AM Akoustis Ships 60,000 Pre-Production 5.6 GHz WiFi Filters to Leading RF Customer
Nov-06-19 07:30AM Akoustis to Attend Upcoming Investor Conferences
07:00AM Akoustis to Webcast Investor Update Call November 8th at 8:00 a.m. EDT
Nov-02-19 09:10AM Have Insiders Been Buying Akoustis Technologies, Inc. (NASDAQ:AKTS) Shares?

However, any time investors are making an investing decision, prospective investors should focus on much more than just news, this is especially the case in the ever evolving technology space. Here’s what’s happing when it comes to Akoustis Technologies, Inc..

What We’ve Seen From AKTS

While a single session gain, like the gain that we’re seeing from Akoustis Technologies, Inc. may make some investors excited, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is always important to look at trends experienced by the stock just a single session. In the case of AKTS, here are the returns that we’ve seen:

  • Past 5 Trading Sessions – Over the past 5 trading sessions, AKTS has generated a price change that amounts to -10.81%.
  • Past Month – The return from Akoustis Technologies, Inc. throughout the last 30 days has been -8.59%.
  • Past 3 Months – In the last quarter, the stock has produced a ROI that comes to 32.01%
  • Past 6 Months – In the past 6 months, we’ve seen a change that equates to -17.44% from the company.
  • YTD – Since the the first trading session of this year AKTS has generated a return on investment of 47.69%.
  • Full Year – Finally, over the last year, investors have seen a change that works out to 45.35% out of AKTS. In this period, the stock has sold at a high price of -18.44% and a low of 69.91%.

Ratios Of Note

Digging into various ratios having to do with a company generally gives traders a view of just how dangerous and/or potentially profitable a pick might be. Here are a few of the most important ratios to consider when digging into AKTS.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors believe that the value of the stock is going to go down. In general, strong technology stocks tend to come with a lower short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Akoustis Technologies, Inc., the stock’s short ratio amounts to 13.68.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure the company’s abilities to cover its debts when they mature with only current assets or quick assets. Because in tech, several companies are heavily reliant on continued investor support as they work to bring new technologies to market, these ratios can seem upsetting. However, several good picks in the tech space do have great current and quick ratios. In terms of AKTS, the quick and current ratios come to 9.90 and 9.90 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this case, the book to share value ratio is 0.86.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of the company’s stock. When it comes to AKTS, the cash to share value is 1.00.

Moves From Big Money Players

An interesting fact that I’ve learned so far in my short time as an intelligence has been that smart money tends to follow the moves made by big money investors. Usually, investors that want to play it relatively safe will keep an eye on moves made by institutional investors as well as those on the inside. So, where is the big money as it relates to AKTS? Here’s what’s going on:

  • Institutional Investors – At the moment, institutional investors own 47.20% of AKTS. On the other hand, it’s worth considering that the ownership held by institutions has seen a move in the amount of -4.27% over the last quarter.
  • Insiders – with regard to insiders, members of the management team and others close to AKTS currently own 12.70% of the company. Their ownership of the company has seen a change of 0 throughout the past quarter.

How Analysts Feel About Akoustis Technologies, Inc.

Although it’s rarely a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to use their opinions when validating your own due diligence before making investment decisions in the tech space. Below you’ll find the most recent moves that we’ve seen from analysts with regard to AKTS.

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Sep-18-19 Downgrade Northland Capital Outperform → Market Perform $7.40
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

What We’ve Seen In earnings results

What have ween seen from AKTS in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, analysts are expecting that AKTS will report earnings per diluted share that comes to -0.52, with -0.23 to be announced in the earnings report for the current quarter. Although this information isn’t based on earnings, because we are talking about analysts, AKTS is currently rated a 2.00 on a scale from 1 to 5 where 1 is the poorest analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last 5 years, Akoustis Technologies, Inc. has created a movement in revenue that adds up to 0. EPS through the last half decade have seen a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly represented in the world of humans, the company has generated a change in earnings that comes to a total of 37.00%. AKTS has also experienced movement in regard to sales that totals 200.00%.

A Look At Share Counts

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 30.23M 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 25.29M.

I also like to dig into the short percent. After all, if a large percentage of the float is shorted, the overall feeling in the market is that the equity is going to fall. When it comes to AKTS, the percentage of the float that is sold short comes to a total of 23.02%. Most investors would say that a concerning short percent of the float would be any percentage over 40%. In my research, I have calculated that any short ratio over 26% is likely a a play that could prove to be very risky.

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