Akoustis Technologies Inc (NASDAQ: AKTS) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Akoustis Technologies Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. The current market capitalization of Akoustis Technologies Inc is $14.48M. A total of 4.65 million shares were traded on the day, compared to an average of 14.75M shares.

In the most recent transaction, Shealy Jeffrey B. bought 1,310,000 shares of AKTS for 0.50 per share on Jan 29 ’24. After the transaction, the Chief Executive Officer now owns 2,222,775 company shares. In a previous transaction on Jan 29 ’24, Aichele David bought 80,000 shares at 0.50 per share. AKTS shares that EVP of Business Development owns now total 334,622.

Among the insiders who bought shares, Boller Kenneth acquired of 60,000 shares on Jan 29 ’24 at a per-share price of $0.50. This resulted in the CFO holding 214,957 shares of AKTS after the transaction. In another insider transaction, Geiss Arthur bought 50,000 shares at $0.50 per share on Jan 29 ’24. Company shares held by the Director now total 415,924.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, AKTS has a high of $2.94 and a low of $0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AKTS’s latest balance sheet shows that the firm has $80.48M in Cash & Short Term Investments as of fiscal 2022. There were $44.85M in debt and $12.66M in liabilities at the time. Its Book Value Per Share was $0.42, while its Total Shareholder’s Equity was $103.43M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AKTS is Buy with a score of 4.00.

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