Does Earnings Surprise History Hold Any Clue for Akoustis Technologies (NASDAQ:AKTS)

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Earnings results for Akoustis Technologies (NASDAQ:AKTS)

Akoustis Technologies, Inc. is estimated to report earnings on 08/24/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.19.

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, predicting that the stock has a possible upside of 7.65%. 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 forecasted upside of 7.7% from its current price of $8.67. 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 9.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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