In a filing, Akoustis Technologies Inc revealed its Chief Executive Officer Shealy Jeffrey B. acquired Company’s shares for reported $0.66 million on Jan 29 ’24. In the deal valued at $0.50 per share,1,310,000 shares were bought. As a result of this transaction, Shealy Jeffrey B. now holds 2,222,775 shares worth roughly $1.31 million.
Then, Aichele David bought 80,000 shares, generating $40,000 in total proceeds. Upon buying the shares at $0.50, the EVP of Business Development now owns 334,622 shares.
Before that, Boller Kenneth bought 60,000 shares. Akoustis Technologies Inc shares valued at $30,000 were divested by the CFO at a price of $0.50 per share. As a result of the transaction, Boller Kenneth now holds 214,957 shares, worth roughly $0.13 million.
Piper Sandler downgraded its Akoustis Technologies Inc [AKTS] rating to a Neutral from a an Overweight in a research note published on January 04, 2024; the price target was decreased to $1 from $2. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Neutral”. B. Riley Securities began covering AKTS with “Buy” recommendation on January 24, 2023. Craig Hallum maintained its rating on February 02, 2021. It rated AKTS as “a Buy”.
Price Performance Review of AKTS
On Monday, Akoustis Technologies Inc [NASDAQ:AKTS] saw its stock jump 2.83% to $0.59. Over the last five days, the stock has gained 7.80%. Akoustis Technologies Inc shares have fallen nearly -28.88% since the year began. Nevertheless, the stocks have fallen -78.89% over the past one year. While a 52-week high of $3.57 was reached on 01/18/24, a 52-week low of $0.45 was recorded on 01/25/24. SMA at 50 days reached $0.6171, while 200 days put it at $1.1146. A total of 0.6 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For AKTS Stock
The 24-hour chart illustrates a support level at 0.5691, which if violated will result in even more drops to 0.5450. On the upside, there is a resistance level at 0.6281. A further resistance level may holdings at 0.6630. The Relative Strength Index (RSI) on the 14-day chart is 49.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0081, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.64%. Stochastics %K at 53.49% indicates the stock is a holding.
How much short interest is there in Akoustis Technologies Inc?
A steep rise in short interest was recorded in Akoustis Technologies Inc stocks on Mar 15, 2024, growing by 0.21 million shares to a total of 8.61 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.4 million shares. There was a rise of 2.44%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.55.
The most recent change occurred on January 15, 2021 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $18.
