Akoustis Technologies Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $1.19 on 12/27/23, while the lowest price for the same duration was marked at $0.05 on 09/17/24.
52-week price history of AKTS Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Akoustis Technologies Inc’s current trading price is -93.68% away from its 52-week high, while its distance from the 52-week low is 40.56%. The stock’s price range during this period has spanned from $0.05 to $1.19. In the Technology sector, the Akoustis Technologies Inc’s shares surpassed a trading volume of approximately 1.72 million for the day, which was noticeably lower compared to the average daily volume of 9.9.69 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Akoustis Technologies Inc (AKTS) has experienced a quarterly decline of -40.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.80M.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1236, with a change in price of -0.3646. Similarly, Akoustis Technologies Inc recorded 14,659,017 in trading volume during the last 100 days, posting a change of -82.86%.
Examining AKTS’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Today, Akoustis Technologies Inc’s raw stochastic average for the past 50 days stands at 28.89%, indicating a decline from the raw stochastic average of the last 20 days, which was 47.10%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 49.46% and 48.86% respectively.
AKTS Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -90.98% this year. Over the last six months, there has been a stronger performance of -87.32%. The price of AKTS fallen by 17.32% during the last 30 days period. For the last 5-days stocks have slided -15.98%.
