Analysts forecast that Akoustis Technologies Inc (NASDAQ:AKTS) will announce $550,000.00 in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Akoustis Technologies’ earnings, with estimates ranging from $400,000.00 to $700,000.00. The company is scheduled to report its next earnings report on Tuesday, September 25th.

On average, analysts expect that Akoustis Technologies will report full year sales of $1.55 million for the current financial year, with estimates ranging from $1.40 million to $1.70 million. For the next year, analysts expect that the business will post sales of $2.67 million per share, with estimates ranging from $2.40 million to $2.80 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Akoustis Technologies.

AKTS has been the topic of several research analyst reports. Loop Capital initiated coverage on shares of Akoustis Technologies in a research note on Thursday, June 21st. They set a “buy” rating and a $15.00 target price on the stock. Roth Capital raised their target price on shares of Akoustis Technologies to $10.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Finally, Oppenheimer initiated coverage on shares of Akoustis Technologies in a research note on Thursday, August 30th. They set an “outperform” rating and a $10.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, Akoustis Technologies has a consensus rating of “Buy” and a consensus price target of $12.50.

Akoustis Technologies stock traded down $0.09 during trading hours on Tuesday, hitting $8.26. 500 shares of the company traded hands, compared to its average volume of 62,081. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.01 and a quick ratio of 5.99. Akoustis Technologies has a 1-year low of $4.86 and a 1-year high of $9.50.

In other news, VP David Aichele sold 3,700 shares of Akoustis Technologies stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $7.68, for a total value of $28,416.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey B. Shealy sold 7,200 shares of Akoustis Technologies stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $7.67, for a total transaction of $55,224.00. The disclosure for this sale can be found here. 26.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its stake in shares of Akoustis Technologies by 3,061.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 142,275 shares of the technology company’s stock worth $1,034,000 after purchasing an additional 137,775 shares during the last quarter. Millennium Management LLC grew its stake in shares of Akoustis Technologies by 145.4% in the 2nd quarter. Millennium Management LLC now owns 301,087 shares of the technology company’s stock worth $2,189,000 after purchasing an additional 178,419 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Akoustis Technologies in the 2nd quarter worth approximately $424,000. MYDA Advisors LLC acquired a new position in shares of Akoustis Technologies in the 2nd quarter worth approximately $611,000. Finally, Financial Advocates Investment Management grew its stake in shares of Akoustis Technologies by 14.6% in the 2nd quarter. Financial Advocates Investment Management now owns 259,150 shares of the technology company’s stock worth $1,884,000 after purchasing an additional 33,000 shares during the last quarter. 14.58% of the stock is currently owned by institutional investors.

About Akoustis Technologies

Akoustis Technologies, Inc engages in developing, designing, and manufacturing radio frequency (RF) filter products for the mobile wireless device industries. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment.

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Earnings History and Estimates for Akoustis Technologies (NASDAQ:AKTS)

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