Time to Buy Akoustis Technologies, Inc. (AKTS) After Touching 52-Week Low?

April 16, 2018 - By sdfsdfsdf

Akoustis Technologies, Inc. (NASDAQ:AKTS) Logo

The stock of Akoustis Technologies, Inc. (NASDAQ:AKTS) hit a new 52-week low and has $4.62 target or 7.00 % below today’s $4.97 share price. The 8 months bearish chart indicates high risk for the $110.93 million company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $4.62 price target is reached, the company will be worth $7.77 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.17% or $0.11 during the last trading session, reaching $4.97. About 16,456 shares traded. Akoustis Technologies, Inc. (NASDAQ:AKTS) has declined 41.78% since April 16, 2017 and is downtrending. It has underperformed by 53.33% the S&P500.

Akoustis Technologies, Inc. engages in developing, designing, and manufacturing radio frequency filter products for the mobile wireless device industries. The company has market cap of $110.93 million. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment. It currently has negative earnings. The firm focuses on manufacturing and commercializing its patented Bulk ONE acoustic wave technology to address the frequency-selectivity requirements in mobile smartphones, enhancing the efficiency and signal quality of mobile wireless devices and enabling The Internet of Things.

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