3-May-2024
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Akoustis Receives Two Design Wins with Tier-1 Network Infrastructure Customer
Globe Newswire (Wed, 1-May 7:00 AM ET)
Akoustis Secures Design Win and Volume Orders for Wi-Fi 7 Solution with Tier-1 Enterprise Class OEM
Globe Newswire (Mon, 8-Apr 7:00 AM ET)
Globe Newswire (Wed, 3-Apr 7:00 AM ET)
Akoustis to Attend the 36th Annual Roth Conference on March 17-19, 2024
Globe Newswire (Mon, 11-Mar 7:00 AM ET)
Akoustis to Attend GOMACTech 2024 in Charleston from March 19-20
Globe Newswire (Thu, 15-Feb 7:00 AM ET)
Akoustis Reports Second Quarter FY24 Results
Globe Newswire (Tue, 13-Feb 7:00 AM ET)
Akoustis Receives Wi-Fi 7 Design Win from Tier-1 US-Based Carrier
Globe Newswire (Mon, 12-Feb 7:00 AM ET)
Globe Newswire (Thu, 8-Feb 7:00 AM ET)
Akoustis to Webcast Q2FY24 Results on February 13 at 8:00 am ET
Globe Newswire (Tue, 6-Feb 7:00 AM ET)
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
Akoustis Technologies trades on the NASDAQ stock market under the symbol AKTS.
As of May 3, 2024, AKTS stock price was flat at $0.60 with 397,466 million shares trading.
AKTS has a beta of 3.90, meaning it tends to be more sensitive to market movements. AKTS has a correlation of 0.22 to the broad based SPY ETF.
AKTS has a market cap of $59.16 million. This is considered a Micro Cap stock.
Last quarter Akoustis Technologies reported $7 million in Revenue and -$.19 earnings per share. This beat revenue expectation by $27,000 and missed earnings estimates by -$.01.
In the last 3 years, AKTS stock traded as high as $11.50 and as low as $.45.
The top ETF exchange traded funds that AKTS belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.
AKTS has underperformed the market in the last year with a return of -77.9%, while the SPY ETF gained +27.0%. In the last 3 month period, AKTS fell short of the market, returning -1.6%, while SPY returned +3.7%. However, in the most recent 2 weeks AKTS has outperformed the stock market by returning +23.2%, while SPY returned +3.3%.
AKTS support price is $.56 and resistance is $.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AKTS stock will trade within this expected range on the day.