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Akoustis Appoints Michelle L. Petock, CEO of W Greig & Company, to its Board of Directors
Globe Newswire (Thu, 23-Mar 7:00 AM ET)
Akoustis to Attend the 35th Annual Roth Conference on March 13th, 2023
Globe Newswire (Wed, 8-Mar 7:00 AM ET)
Akoustis Reports Fifth Consecutive Quarter of Record Revenue as Second Quarter Fiscal 2023 Sales Grew over 59% Year-Over-Year
Globe Newswire (Tue, 7-Feb 7:00 AM ET)
Akoustis to Webcast Q2FY23 Results on February 7 at 8:00 am ET
Globe Newswire (Tue, 31-Jan 7:00 AM ET)
Akoustis Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
Globe Newswire (Wed, 25-Jan 7:00 AM ET)
Akoustis Announces Pricing of Public Offering of $30.0 Million of Common Stock
Globe Newswire (Thu, 19-Jan 11:15 PM ET)
Akoustis Receives First High-Volume 5G Mobile XBAW Filter Order from Tier-1 RF Component Company
Globe Newswire (Wed, 18-Jan 5:00 PM ET)
Akoustis Announces Proposed Public Offering of Common Stock
Globe Newswire (Wed, 18-Jan 4:05 PM ET)
Akoustis Acquires GDSI, a US-Based, Trusted Supplier of Premium Semiconductor Back-End Supply Chain Services
Globe Newswire (Wed, 4-Jan 7:00 AM ET)
Akoustis Receives First 5G Mobile BAW Filter Design Win from Tier-1 RF Component Company
Globe Newswire (Wed, 28-Dec 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 March 23, 2023, AKTS stock price declined to $2.80 with 699,451 million shares trading.
AKTS has a beta of 2.67, meaning it tends to be more sensitive to market movements. AKTS has a correlation of 0.50 to the broad based SPY ETF.
AKTS has a market cap of $200.35 million. This is considered a Small Cap stock.
Last quarter Akoustis Technologies reported $6 million in Revenue and -$.19 earnings per share. This fell short of revenue expectation by $-55,000 and exceeded earnings estimates by $.06.
In the last 3 years, AKTS stock traded as high as $19.15 and as low as $2.28.
The top ETF exchange traded funds that AKTS belongs to (by Net Assets): VTI, IWM, FIVG, VXF, IWO.
AKTS has underperformed the market in the last year with a price return of -53.6% while the SPY ETF lost -11.1%. However, in the short term, AKTS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.3% vs +3.7% return in SPY. But in the last 2 weeks, AKTS shares have been beat by the market, returning -27.1% compared to an SPY return of -1.1%.
AKTS support price is $2.67 and resistance is $2.97 (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.