Is Akoustis Technologies Stock a Good Investment?
Akoustis Technologies Investment Advice | AKTS |
- Examine Akoustis Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Akoustis Technologies' leadership team and their track record. Good management can help Akoustis Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electronic Equipment, Instruments & Components space and any emerging trends that could impact Akoustis Technologies' business and its evolving consumer preferences.
- Compare Akoustis Technologies' performance and market position to its competitors. Analyze how Akoustis Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if Akoustis Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Akoustis Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Akoustis Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Akoustis Technologies is a good investment.
Sell | Buy |
Sell
Examine Akoustis Technologies Stock
Researching Akoustis Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 55.0% of the company shares are held by institutions such as insurance companies. The book value of Akoustis Technologies was presently reported as 0.94. The company recorded a loss per share of 0.95. Akoustis Technologies had not issued any dividends in recent years. The entity had 150:137 split on the 24th of April 2015.
To determine if Akoustis Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Akoustis Technologies' research are outlined below:
| Akoustis Technologies generated a negative expected return over the last 90 days | |
| Akoustis Technologies has high historical volatility and very poor performance | |
| Akoustis Technologies has some characteristics of a very speculative penny stock | |
| Akoustis Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 27.12 M. Net Loss for the year was (63.56 M) with loss before overhead, payroll, taxes, and interest of (3.12 M). | |
| Akoustis Technologies currently holds about 80.48 M in cash with (44.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.41, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Bear of the Day Skyworks Solutions - msnNOW |
Akoustis Technologies Quarterly Gross Profit |
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Akoustis Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Akoustis Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Akoustis Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of September 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Akoustis Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Akoustis Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2016-06-29 | 2016-03-31 | -0.08 | -0.06 | 0.02 | 25 | ||
2022-01-31 | 2021-12-31 | -0.2 | -0.23 | -0.03 | 15 | ||
2023-09-06 | 2023-06-30 | -0.17 | -0.21 | -0.04 | 23 | ||
2021-08-30 | 2021-06-30 | -0.19 | -0.23 | -0.04 | 21 | ||
2020-05-01 | 2020-03-31 | -0.25 | -0.21 | 0.04 | 16 | ||
2020-01-31 | 2019-12-31 | -0.26 | -0.3 | -0.04 | 15 | ||
2021-11-01 | 2021-09-30 | -0.2 | -0.25 | -0.05 | 25 | ||
2020-08-21 | 2020-06-30 | -0.22 | -0.27 | -0.05 | 22 |
Akoustis Technologies' SEC filings
Before you invest in Akoustis Technologies, make sure you check Akoustis Technologies'recent SEC filings. These artifacts are important regulatory documents required of all public companies to provide to potential investors. Akoustis Technologies prospectus issued under the guidelines of the SEC is a legal declaration of facts and statements to ensure that Akoustis Technologies investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Akoustis Technologies' specific information freely available to individual and institutional investors to make a timely investment decision.
| 13th of November 2023 Financial Statements and Exhibits. Results of Operations and Financial Condition | View | |
| 27th of October 2023 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing | View | |
| 14th of September 2023 Unclassified Corporate Event | View |
Akoustis Technologies Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Akoustis target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Akoustis Technologies' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| Buy |
Most Akoustis analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Akoustis stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Akoustis Technologies, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationAkoustis Technologies Target Price Projection
Akoustis Technologies' current and average target prices are 0.60 and 1.75, respectively. The current price of Akoustis Technologies is the price at which Akoustis Technologies is currently trading. On the other hand, Akoustis Technologies' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Akoustis Technologies Market Quote on 30th of November 2023
Target Price
Analyst Consensus On Akoustis Technologies Target Price
Akoustis Technologies Analyst Ratings
Akoustis Technologies' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Akoustis Technologies stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Akoustis Technologies' financials, market performance, and future outlook by experienced professionals. Akoustis Technologies' historical ratings below, therefore, can serve as a valuable tool for investors.Akoustis Technologies' market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 44.93 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Akoustis Technologies's market, we take the total number of its shares issued and multiply it by Akoustis Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Akoustis Technologies' profitablity analysis
Akoustis Technologies' profitability indicators refer to fundamental financial ratios that showcase Akoustis Technologies' ability to generate income relative to its revenue or operating costs. If, let's say, Akoustis Technologies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Akoustis Technologies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Akoustis Technologies' profitability requires more research than a typical breakdown of Akoustis Technologies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for 2023 | ||
| Return on Investment | (47.63) | (51.39) | |
| Return on Average Assets | (0.44) | (1.76) | |
| Return on Average Equity | (0.72) | (1.96) | |
| Return on Invested Capital | (0.61) | (0.63) | |
| Return on Sales | (2.35) | (2.54) |
Determining Akoustis Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if Akoustis Technologies is a good buy. For example, gross profit margin measures Akoustis Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Akoustis Technologies' profitability and make more informed investment decisions.
The data published in Akoustis Technologies' official financial statements usually reflect Akoustis Technologies' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Akoustis Technologies. For example, before you start analyzing numbers published by Akoustis accountants, it's critical to develop an understanding of what Akoustis Technologies' liquidity, profitability, and earnings quality are in the context of the Electronic Equipment, Instruments & Components space in which it operates.
Please note, the presentation of Akoustis Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Akoustis Technologies' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Akoustis Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Akoustis Technologies. Please utilize our Beneish M Score to check the likelihood of Akoustis Technologies' management manipulating its earnings.
Evaluate Akoustis Technologies' management efficiency
Akoustis Technologies has return on total asset (ROA) of (0.3199) % which means that it has lost $0.3199 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.8363) %, meaning that it created substantial loss on money invested by shareholders. Akoustis Technologies' management efficiency ratios could be used to measure how well Akoustis Technologies manages its routine affairs as well as how well it operates its assets and liabilities. Return on Investment is likely to drop to -51.39 in 2023. Return on Average Assets is likely to drop to -1.76 in 2023. At this time, Akoustis Technologies' Assets Non Current are comparatively stable as compared to the past year. Goodwill and Intangible Assets is likely to gain to about 32.2 M in 2023, whereas Current Assets are likely to drop slightly above 31.5 M in 2023.| Last Reported | Projected for 2023 | ||
| Book Value per Share | 1.35 | 0.71 | |
| Enterprise Value over EBIT | (3.00) | (3.24) | |
| Enterprise Value over EBITDA | (4.24) | (4.57) | |
| Price to Book Value | 2.64 | 2.71 | |
| Tangible Assets Book Value per Share | 1.87 | 0.99 | |
| Enterprise Value | 220.6 M | 226.5 M | |
| Tangible Asset Value | 119.1 M | 62.7 M |
The analysis of Akoustis Technologies' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Akoustis Technologies' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Akoustis Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 1.685 |
Basic technical analysis of Akoustis Stock
As of the 30th of November, Akoustis Technologies shows the Mean Deviation of 5.87, standard deviation of 8.13, and Risk Adjusted Performance of (0.11). Akoustis Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Akoustis Technologies, which can be compared to its rivals. Please confirm Akoustis Technologies variance and skewness to decide if Akoustis Technologies is priced correctly, providing market reflects its regular price of 0.6 per share. As Akoustis Technologies is a penny stock we also strongly suggest to validate its jensen alpha numbers.Akoustis Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Akoustis Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Akoustis Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Akoustis Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Jeffrey Shealy over a month ago Sale by Jeffrey Shealy of 13928 shares of Akoustis Technologies |
Understand Akoustis Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Akoustis Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 5.87 | |||
| Coefficient Of Variation | (666.66) | |||
| Standard Deviation | 8.13 | |||
| Variance | 66.09 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (1.23) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 38.25 | |||
| Value At Risk | (14.63) | |||
| Potential Upside | 14.29 | |||
| Skewness | (0.15) | |||
| Kurtosis | 2.12 |
| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 5.87 | |||
| Coefficient Of Variation | (666.66) | |||
| Standard Deviation | 8.13 | |||
| Variance | 66.09 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (1.23) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 38.25 | |||
| Value At Risk | (14.63) | |||
| Potential Upside | 14.29 | |||
| Skewness | (0.15) | |||
| Kurtosis | 2.12 |
Akoustis Stock media impact
Far too much social signal, news, headlines, and media speculation about Akoustis Technologies that are available to investors today. That information is available publicly through Akoustis media outlets and privately through word of mouth or via Akoustis internal channels. However, regardless of the origin, that massive amount of Akoustis data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Akoustis Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Akoustis Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Akoustis Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Akoustis Technologies alpha.
Akoustis Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Akoustis Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Akoustis Technologies Historical Investor Sentiment
Investor biases related to Akoustis Technologies' public news can be used to forecast risks associated with an investment in Akoustis. The trend in average sentiment can be used to explain how an investor holding Akoustis can time the market purely based on public headlines and social activities around Akoustis Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Akoustis Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Akoustis Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Akoustis Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Akoustis Technologies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Akoustis Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Akoustis Technologies' short interest history, or implied volatility extrapolated from Akoustis Technologies options trading.
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
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Moving against Akoustis Stock
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| - | 0.42 | JBL | Jabil Circuit | Report 21st of December 2023 | PairCorr | |
| - | 0.7 | ESMT | EngageSmart LLC | Fiscal Quarter End 31st of December 2023 | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akoustis Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Akoustis Stock analysis
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 (0.95) | Revenue Per Share 0.424 | Quarterly Revenue Growth 0.258 | Return On Assets (0.32) | Return On Equity (0.84) |
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.
In summary, please note that there is a difference between Akoustis Technologies' value and its price, as these two are different measures arrived at by various 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.