SKYT Stock Summary and Trading Ideas (Skywater Technology | NASDAQ:SKYT)

SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology, engineering to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace and defense (A&D), automotive and transportation, bio-health, and industrial.

Skywater Technology trades on the NASDAQ stock market under the symbol SKYT.

As of January 17, 2025, SKYT stock price climbed to $11.55 with 478,787 million shares trading.

SKYT has a market cap of $550.43 million. This is considered a Small Cap stock.

Last quarter Skywater Technology reported $94 million in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-773,000 and missed earnings estimates by -$.06.

In the last 3 years, SKYT traded as high as $20.95 and as low as $4.43.

The top ETF exchange traded funds that SKYT belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

SKYT has outperformed the market in the last year with a return of +35.7%, while the SPY ETF gained +28.0%. In the last 3 month period, SKYT beat the market returning +17.4%, while SPY returned +3.0%. However, in the most recent 2 weeks SKYT has underperformed the stock market by returning -20.3%, while SPY returned +1.0%.

SKYT support price is $10.55 and resistance is $12.45 (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 SKYT shares will trade within this expected range on the day.