The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Akoustis Technologies Inc’s current trading price is -83.44% away from its 52-week high, while its distance from the 52-week low is 31.36%. The stock’s price range for this period has been between $0.45 and $3.57 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 0.3 million for the day, a number notably lower than the average daily volume of 0.93 million over the last three months.
Akoustis Technologies Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $3.57 on 06/06/23, while the lowest price for the same period was registered at $0.45 on 01/25/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Akoustis Technologies Inc (AKTS) has experienced a quarterly decline of -40.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 58.28M 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 0.6538, with a change in price of +0.0420. Similarly, Akoustis Technologies Inc recorded 844,236 in trading volume during the last 100 days, posting a change of +7.65%.
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 0.82. Similarly, the long-term debt-to-equity ratio is also 0.81.
AKTS Stock Stochastic Average
Akoustis Technologies Inc’s raw stochastic average for the past 50 days is presently 26.62%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 43.77%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 29.35% and 22.96%, respectively.
AKTS Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -29.12% this year. Over the last six months, there has been a stronger performance of -23.74%. The price of AKTS leaped by -4.46% during the last 30 days period. For the last 5-days stocks have slided -3.65%.
