Akoustis Technologies Inc
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- Market Cap.:
- $272.62 million
- Book Value:
- Revenue TTM:
- $21.24 million
- Operating Margin TTM:
- Gross Profit TTM:
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Akoustis Technologies Inc had its IPO on 2017-03-14 under the ticker symbol AKTS.
The company operates in the Technology sector and Communication Equipment industry. Akoustis Technologies Inc has a staff strength of 205 employees.
Shares of Akoustis Technologies Inc opened at $3 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $2.95 - $3.06, and closed at $2.99.
This is a +2.4% increase from the previous day's closing price.
A total volume of 387,832 shares were traded at the close of the day’s session.
In the last one week, shares of Akoustis Technologies Inc have increased by +6.03%.
Akoustis Technologies Inc's Key Ratios
Akoustis Technologies Inc has a market cap of $272.62 million, indicating a price to book ratio of 2.2342 and a price to sales ratio of 9.7147.
In the last 12-months Akoustis Technologies Inc’s revenue was $21.24 million with a gross profit of $-4137000 and an EBITDA of $-53452000. The EBITDA ratio measures Akoustis Technologies Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Akoustis Technologies Inc’s operating margin was -297.63% while its return on assets stood at -29.67% with a return of equity of -60.52%.
In Q4, Akoustis Technologies Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 59.7%.
Akoustis Technologies Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-1.07 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Akoustis Technologies Inc’s profitability.
Akoustis Technologies Inc stock is trading at a EV to sales ratio of 9.3395 and a EV to EBITDA ratio of -3.1268. Its price to sales ratio in the trailing 12-months stood at 9.7147.
Akoustis Technologies Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $132.26 million
- Total Liabilities
- $8.78 million
- Operating Cash Flow
- Capital Expenditure
- $3.15 million
- Dividend Payout Ratio
Akoustis Technologies Inc ended 2023 with $132.26 million in total assets and $0 in total liabilities. Its intangible assets were valued at $132.26 million while shareholder equity stood at $79.08 million.
Akoustis Technologies Inc ended 2023 with $44.41 million in deferred long-term liabilities, $8.78 million in other current liabilities, 58000.00 in common stock, $-237045000.00 in retained earnings and $8.05 million in goodwill. Its cash balance stood at $46.57 million and cash and short-term investments were $46.57 million. The company’s total short-term debt was $271,000 while long-term debt stood at $43.18 million.
Akoustis Technologies Inc’s total current assets stands at $60.31 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $3.17 million compared to accounts payable of $2.60 million and inventory worth $5.81 million.
In 2023, Akoustis Technologies Inc's operating cash flow was $-3153000.00 while its capital expenditure stood at $3.15 million.
Comparatively, Akoustis Technologies Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Akoustis Technologies Inc stock is currently trading at $2.99 per share. It touched a 52-week high of $7.13 and a 52-week low of $7.13. Analysts tracking the stock have a 12-month average target price of $7.65.
Its 50-day moving average was $3.55 and 200-day moving average was $3.58 The short ratio stood at 3.34 indicating a short percent outstanding of 0%.
Around 424.5% of the company’s stock are held by insiders while 3988.6% are held by institutions.
Frequently Asked Questions About Akoustis Technologies Inc
Similar Industry Stocks (Communication Equipment)
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services and microelectromechanical systems foundry services. The RF Filters segment sells amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, and military and defense applications. Akoustis Technologies, Inc. is headquartered in Huntersville, North Carolina.