Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Akoustis Technologies Inc’s current trading price is -94.84% away from its 52-week high, while its distance from the 52-week low is 41.96%. The stock’s price range during this period has varied between $0.07 and $2.02. The company, active in the Technology sector, saw a trading volume of around 8.85 million for the day, considerably lower average daily volume of 9.14 million observed over the last three months.
The market performance of Akoustis Technologies Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $2.02 on 08/24/23, with the lowest value for the same timeframe being $0.07, recorded on 08/09/24.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
How Financial Performance Impacts Market Capitalization
Akoustis Technologies Inc (AKTS) has experienced a quarterly decline of -50.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.38M and boasts a workforce of 222 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2695, with a change in price of -0.4404. Similarly, Akoustis Technologies Inc recorded 11,840,322 in trading volume during the last 100 days, posting a change of -80.87%.
How AKTS’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AKTS stands at 1.06. Similarly, the long-term debt-to-equity ratio is also 1.01.
AKTS Stock Stochastic Average
As of today, the raw stochastic average of Akoustis Technologies Inc over the past 50 days is 34.34%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 55.10%. Additionally, the Stochastic %K and %D values for the company were 47.11% and 42.87%, respectively, over the past 20 days.
AKTS Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -87.51% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -83.91%. Over the past 30 days, the price of AKTS has leaped by -14.66%. And in the last five days, it has surged by 12.89%.
