Akoustis Technologies Stock Z Score

AKTS Stock  USD 0.60  0.02  3.23%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Akoustis Technologies Piotroski F Score and Akoustis Technologies Valuation analysis.
For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.
  
At this time, Akoustis Technologies' Invested Capital is comparatively stable as compared to the past year. Invested Capital Average is likely to gain to about 129.2 M in 2024, whereas Return on Invested Capital is likely to drop (0.56) in 2024. At this time, Akoustis Technologies' Weighted Average Shares Diluted is comparatively stable as compared to the past year.

Akoustis Z Score Analysis

Akoustis Technologies' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Akoustis Technologies Z Score

    
  -2.67  
Most of Akoustis Technologies' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Akoustis Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Akoustis Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Akoustis Technologies is extremely important. It helps to project a fair market value of Akoustis Stock properly, considering its historical fundamentals such as Z Score. Since Akoustis Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Akoustis Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Akoustis Technologies' interrelated accounts and indicators.
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

In accordance with the company's disclosures, Akoustis Technologies has a Z Score of -2.67. This is 119.85% lower than that of the Electronic Equipment, Instruments & Components sector and 108.26% lower than that of the Information Technology industry. The z score for all United States stocks is 130.62% higher than that of the company.

Akoustis Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Akoustis Technologies' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Akoustis Technologies could also be used in its relative valuation, which is a method of valuing Akoustis Technologies by comparing valuation metrics of similar companies.
Akoustis Technologies is currently under evaluation in z score category among related companies.

Akoustis Technologies Current Valuation Drivers

We derive many important indicators used in calculating different scores of Akoustis Technologies from analyzing Akoustis Technologies' financial statements. These drivers represent accounts that assess Akoustis Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Akoustis Technologies' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Net Income Per Employee(353.3K)(258.2K)(282.4K)(286.3K)(246.7K)(266.2K)
Revenue Per Employee17.5K38.7K73.4K122.2K110.0K118.6K
Average Assets61.5M98.0M137.0M145.8M9.3K9.6K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(28.4M)(34.1M)(52.7M)(52.0M)(27.0K)(29.1K)
Earnings Before Interest Taxes and Depreciation Amortization USD(28.4M)(34.1M)(52.7M)(52.0M)(27.0K)(29.1K)
Earnings before Tax(36.1M)(44.2M)(60.9M)(66.0M)(27.0K)(29.1K)
Average Equity35.9M79.2M110.8M88.1M9.0K9.2K
Enterprise Value282.9M451.3M151.5M220.6M253.7M243.9M
Free Cash Flow(31.0M)(41.8M)(72.6M)(56.1M)(27.0K)(29.1K)
Invested Capital44.3M29.3M96.0M103.9M119.5M128.9M
Invested Capital Average40.0M36.6M55.7M104.1M119.7M129.2M
Market Capitalization301.7M539.5M207.1M227.8M262.0M261.4M
Tangible Asset Value70.9M124.4M144.3M119.1M9.5K9.8K
Working Capital40.1M85.9M79.1M42.3M9.2K9.5K

Akoustis Technologies Institutional Holders

Institutional Holdings refers to the ownership stake in Akoustis Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Akoustis Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Akoustis Technologies' value.
Shares
Perkins Capital Management Inc2023-12-31
606.7 K
Northern Trust Corp2023-09-30
587.2 K
Needham Investment Management, Llc2023-09-30
500 K
Ubs Group Ag2023-09-30
430.4 K
Awm Investment Company Inc2023-09-30
390 K
Frg Family Wealth Advisors Llc2023-12-31
346.7 K
Renaissance Technologies Corp2023-12-31
325.9 K
Susquehanna International Group, Llp2023-09-30
283.3 K
Mission Wealth Management, Llc2023-09-30
224.7 K
Blackrock Inc2023-09-30
4.7 M
Rima Management, Llc2023-09-30
3.8 M

Akoustis Fundamentals

About Akoustis Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Akoustis Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Akoustis Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Akoustis Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. Akoustis Technologies, Inc. is headquartered in Huntersville, North Carolina. Akoustis Technologies operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 205 people.

Pair Trading with Akoustis Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Akoustis Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Akoustis Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Akoustis Stock

  0.73EBON Ebang International Tech BoostPairCorr
The ability to find closely correlated positions to Akoustis Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akoustis Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Akoustis Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Akoustis Technologies to buy it.
The correlation of Akoustis Technologies is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akoustis Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akoustis Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Akoustis Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Akoustis Technologies is a strong investment it is important to analyze Akoustis Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Akoustis Technologies' future performance. For an informed investment choice regarding Akoustis Stock, refer to the following important reports:
Check out Akoustis Technologies Piotroski F Score and Akoustis Technologies Valuation analysis.
For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Akoustis Technologies' price analysis, check to measure Akoustis Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akoustis Technologies is operating at the current time. Most of Akoustis Technologies' value examination focuses on studying past and present price action to predict the probability of Akoustis Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akoustis Technologies' price. Additionally, you may evaluate how the addition of Akoustis Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Akoustis Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akoustis Technologies. If investors know Akoustis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akoustis Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.96)
Revenue Per Share
0.417
Quarterly Revenue Growth
0.196
Return On Assets
(0.37)
Return On Equity
(1.04)
The market value of Akoustis Technologies is measured differently than its book value, which is the value of Akoustis that is recorded on the company's balance sheet. Investors also form their own opinion of Akoustis Technologies' value that differs from its market value or its book value, called intrinsic value, which is Akoustis Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akoustis Technologies' market value can be influenced by many factors that don't directly affect Akoustis Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akoustis Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Akoustis Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akoustis Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.