Akoustis Technologies, Inc. (AKTS)
NASDAQ: AKTS · IEX Real-Time Price · USD
0.487
-0.024 (-4.70%)
At close: Apr 19, 2024, 4:00 PM
0.500
+0.013 (2.67%)
After-hours: Apr 19, 2024, 6:57 PM EDT
Akoustis Technologies Stock Forecast
AKTS's stock price has decreased by -85.84% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 4 analysts with 12-month price forecasts for AKTS stock have an average target of 2.69, with a low estimate of 1.00 and a high estimate of 5.00. The average target predicts an increase of 452.36% from the current stock price of 0.49.
Analyst Consensus: Buy
* Price targets were last updated on Jan 4, 2024.
Analyst Ratings
The average analyst rating for AKTS stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy → Hold Downgrades $2 → $1 | Buy → Hold | Downgrades | $2 → $1 | +105.34% | Jan 4, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $6 → $3 | Buy | Maintains | $6 → $3 | +516.02% | Sep 7, 2023 |
| B. Riley Securities | B. Riley Securities | Strong Buy → Hold Downgrades $9.25 → $1.75 | Strong Buy → Hold | Downgrades | $9.25 → $1.75 | +259.34% | Sep 7, 2023 |
| Oppenheimer | Oppenheimer | Buy Maintains $7 → $6 | Buy | Maintains | $7 → $6 | +1,132.03% | May 9, 2023 |
| Roth MKM | Roth MKM | Strong Buy Maintains $10 → $5 | Strong Buy | Maintains | $10 → $5 | +926.69% | May 9, 2023 |
Financial Forecast
Revenue This Year
33.52M
from 27.12M
Increased by 23.59%
Revenue Next Year
54.69M
from 33.52M
Increased by 63.16%
EPS This Year
-0.69
from -1.00
EPS Next Year
-0.35
from -0.69
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.2M | 58.7M | 76.0M |
| Avg | 33.5M | 54.7M | 73.8M |
| Low | 31.3M | 48.4M | 71.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 30.0% | 75.1% | 39.0% |
| Avg | 23.6% | 63.2% | 35.0% |
| Low | 15.3% | 44.4% | 29.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.59 | -0.23 | -0.14 |
| Avg | -0.69 | -0.35 | -0.19 |
| Low | -0.74 | -0.43 | -0.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.