Corporation of Akoustis Technologies (NASDAQ: AKTS) Analysts from B. Riley increased their earnings per share forecasts for Akoustis Technologies for the third quarter of 2023 in a research note published on Tuesday, February 7th.
According to projections by C.
Ellis, an analyst working for B. Riley, the technology business will earn $0.24 per share during the quarter.
This decreased from the previous projection, which was $0.21 per share.
B. Riley has given the stock a “buy” recommendation and established a price objective of $9.25.
The current projection for Akoustis Technologies’ annual earnings per share is $0.93.
This figure was derived using historical data.
Additionally, B. Riley anticipated a loss of $0.21 in earnings for Akoustis Technologies in the fourth quarter of 2023. For the fiscal year 2023, the EPS is $0.91.
In the first quarter of 2024, the loss per share was $0.17, and in the following quarter, the loss per share was $0.13.
A loss of $0.09 per share in earnings per share (EPS) for the third quarter of 2024, a loss of 0.06 per share in earnings per share (EPS) for the fourth quarter of 2024, and a loss of $0.46 per share in earnings per share for the entire year 2024.
There have been recent research publications on the company from several additional equity analysts.
The most recent events are the primary focus of these analyses. While maintaining an “outperform” rating on the stock, Oppenheimer lowered their price objective for the company from $8.00 to $7.00 while maintaining their “outperform” rating.
The research report on Akoustis Technologies was published on November 14th.
In a research report released on November 17th, Craig Hallum announced they would lower their price target on Akoustis Technologies shares to $7.00.
NASDAQ: AKTS was first available for trading on Friday with an opening price of $4.40.
There is a debt-to-equity ratio of 0.55, a quick ratio of 5.39, a current ratio of 6.87, and a quick ratio of 5.39.
These proportions are extremely close to one another.
The company’s current market value is $314.82 million, and its price-to-earnings ratio is -4.07.
The company’s beta value is 1.74.
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