Confused? Buy or Sell in volatile market – Analyst report Akoustis Technologies (NASDAQ:AKTS)

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Earnings results for Akoustis Technologies (NASDAQ:AKTS)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.19 and remained the same over the past month at -0.19. none raised and none lowered their forecast. For the fiscal year ending Jun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.87 and remained the same over the past month at -0.87 . none raised and none lowered their forecast.

Analyst Opinion on Akoustis Technologies (NASDAQ:AKTS)

3 Wall Street analysts have issued ratings and price targets for Akoustis Technologies in the last 12 months. Their average twelve-month price target is $9.33, suggesting that the stock has a possible upside of 18.44%. The high price target for AKTS is $11.00 and the low price target for AKTS is $7.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Akoustis Technologies has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $9.33, Akoustis Technologies has a potential upside of 18.4% from its current price of $7.88. Akoustis Technologies has received no research coverage in the past 90 days.

Dividend Strength: Akoustis Technologies (NASDAQ:AKTS)

Akoustis Technologies does not currently pay a dividend. Akoustis Technologies does not have a long track record of dividend growth.

Insiders buying/selling: Akoustis Technologies (NASDAQ:AKTS)

In the past three months, Akoustis Technologies insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,206,844.00 in company stock. Only 18.00% of the stock of Akoustis Technologies is held by insiders. 39.62% of the stock of Akoustis Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Akoustis Technologies (NASDAQ:AKTS

Earnings for Akoustis Technologies are expected to grow in the coming year, from ($0.87) to ($0.53) per share. Akoustis Technologies has a P/B Ratio of 9.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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