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Akoustis Technologies Inc: Navigating Market Fluctuations with a 10.47M Market Cap

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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 -94.31% away from its 52-week high, while its distance from the 52-week low is 26.54%. 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 2.25 million for the day, which was noticeably lower compared to the average daily volume of 9.9.77 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 -45.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.47M and boasts a workforce of 117 employees.

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 0.1036, with a change in price of -0.1242. Similarly, Akoustis Technologies Inc recorded 8,900,652 in trading volume during the last 100 days, posting a change of -64.72%.

AKTS Stock Stochastic Average

Today, Akoustis Technologies Inc’s raw stochastic average for the past 50 days stands at 23.51%, indicating a rise from the raw stochastic average of the last 20 days, which was 21.22%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 20.08% and 22.82% 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 -91.88% this year. Over the last six months, there has been a stronger performance of -88.79%. The price of AKTS leaped by -1.02% during the last 30 days period. For the last 5-days stocks have improved 4.80%.

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