Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Akoustis Technologies Inc.’s current trading price is -82.93% away from its 52-week high, while its distance from the 52-week low is -7.19%. The stock’s price range over this period has fluctuated between $0.91 and $4.95. The company, operating within the financial sector, had a trading volume of approximately 3.75 million for the day, which was noticeably higher than the average daily share volume of 0.91 million over the last 3 months.
The stock price for Akoustis Technologies Inc. (AKTS) currently stands at $0.85. The stock experienced a substantial increase in the last session, hitting $0.92 after starting at $0.90. The stock’s lowest price was $0.825 before closing at $0.92.
In terms of market performance, Akoustis Technologies Inc. had a fairly uneven. The highest value for the stock in the past year was $4.95 on 02/08/23, and the lowest value was recorded at $0.91 on 09/15/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Akoustis Technologies Inc. (AKTS) has experienced a quarterly decline of -72.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 66.59M and boasts a workforce of 222 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.5051, with a change in price of -2.2741. Similarly, Akoustis Technologies Inc. recorded 787,950 in trading volume during the last 100 days, posting a change of -72.89%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for AKTS stands at 0.51. Similarly, the long-term debt-to-equity ratio is also 0.51.
AKTS Stock Stochastic Average
Today’s raw stochastic average for Akoustis Technologies Inc. over the last 50 days is 0.99%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 1.75%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 2.57% and 4.53%, respectively.
AKTS Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -70.00%. However, over the past six months, we’ve seen a stronger performance of -73.57%. The price of AKTS leaped by -52.74% over the last 30 days. And in the last five days, it has fallen by -28.92%.