How to Buy Akoustis Technologies Stock

Akoustis Technologies Inc

Akoustis Technologies, Inc. , through its subsidiary, Akoustis, Inc. , develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States.

Akoustis Technologies stock last closed at $3.31, up 5.08% from the previous day, and has decreased 22.84% in one year. It has underperformed other stocks in the Communication Equipment industry by 0.1 percentage points. Akoustis Technologies stock is currently +45.18% from its 52-week low of $2.28, and -36.83% from its 52-week high of $5.24.

At the moment, there are 71.64M shares of AKTS outstanding. The market value of AKTS is $237.13M. In the past 24 hours, 278,110 AKTS shares were traded.

How to Buy Akoustis Technologies Stock

Not sure how to invest in Akoustis Technologies stock? Here's how.
  1. Figure out where to buy Akoustis Technologies stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Akoustis Technologies stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Choose your method of payment and add your information.
  4. Research Akoustis Technologies stock: The Akoustis Technologies ticker symbol is AKTS. Is Akoustis Technologies stock a good investment? Should you buy shares of AKTS? How do AKTS's underlying business fundamentals look? Do top analysts think Akoustis Technologies is a good buy? Why has AKTS's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if AKTS is a good stock to buy).
  5. Place your AKTS trade: Decide if you will purchase AKTS shares at the current market price or use a limit order to buy AKTS stock at a specific price.
  6. Monitor your investment in AKTS: Create a watchlist to get the latest news on your investment in Akoustis Technologies stock.

Step 1: Figure out where to buy Akoustis Technologies stock

You need an online brokerage account in order to access the NASDAQ market and buy AKTS stock.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the best brokerage, it's time to fill out some personal info so you can invest in AKTS today.

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Step 3: Put funds into your brokerage account

Now that you have created your account on the best stock trading app, you need to deposit funds:

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Step 4: Research Akoustis Technologies stock

Once you have chosen the best place to buy Akoustis Technologies stock, it's crucial to analyze their stock before you buy, so you can understand the risk as well as the opportunity.

Akoustis Technologies shares at a glance

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Akoustis Technologies Due Diligence Checks

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on AKTS's stock page.

Is AKTS stock undervalued?

You can use many financial metrics, analyses, models, and charts to gauge AKTS's intrinsic value.

Using relative valuations ratios:

  • AKTS may be undervalued based on its P/B ratio of 2.36x, relative to Communication Equipment industry P/B ratio of 3.1x

You can do additional valuation research on AKTS's stock here.

How do AKTS Financials look?

Signs that AKTS is financially healthy:

  • There are more short-term assets than long-term liabilities on the AKTS balance sheet.
  • There are more short-term assets than short-term liabilities on the AKTS balance sheet.

Signs that AKTS is not financially healthy:

  • AKTS profit margin has gone up by 1.72 percentage points in the past year, but the company is still unprofitable.
  • AKTS has cash burn of 63975000. It does not have enough cash and short-term investments to cover this.
  • Total AKTS debt is higher than 5 years ago, relative to shareholder equity.
  • AKTS has a relatively high debt to equity ratio of 0.57.
  • AKTS has $52.75M in cash and short term investments. This is not sufficient to cover its annual cash burn of $63.98M.

Is it a good time to buy Akoustis Technologies stock, according to Wall Street analysts?

Out of 3 Wall Street analysts who track AKTS, the consensus analyst rating on AKTS is a Strong Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Latest AKTS Analyst Forecasts

Rick Schafer, a top 7% analyst from Oppenheimer maintains AKTS with a buy rating and lowers their AKTS price target from $7.00 to $6.00, on May 9, 2023.

Suji Desilva, a top 19% analyst from Roth MKM maintains AKTS with a strong buy rating and lowers their AKTS price target from $10.00 to $5.00, on May 9, 2023.

Craig Ellis, a top 1% analyst from B. Riley Securities initiates coverage on AKTS with a strong buy rating and announces their AKTS price target of $9.25, on Jan 24, 2023.

You can dive deeper into what analysts are saying on the Akoustis Technologies stock forecast page.

Metrics for Advanced AKTS Traders

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AKTS Revenue

Last year, AKTS revenue was $23.99M. During the past 5 year, AKTS's revenue has grown by 87.03% per year. This was faster than the Communication Equipment industry average of 4.69%.

Dive into AKTS's earnings and revenue performance here.

Are AKTS insiders buying or selling the stock?

Over the last 12 months, insiders at AKTS have bought more shares than they have sold.

Kenneth Boller, CFO of AKTS, was the latest AKTS insider to sell. They sold $3,496.00 worth of AKTS stock on Feb 10, 2023.

Learn more about who owns AKTS stock here.

Can I rely on AKTS as an income stream?

No, Akoustis Technologies doesn't provide an income stream by paying out dividends.

What do other investors have to say about AKTS?

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Step 5: Place your AKTS trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.

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Step 6: Monitor your investment in AKTS

Now that you own some shares in AKTS, you'll want to keep up with your company.

Create a watchlist to see the latest developments about your AKTS stock.


How to Buy Stock in Akoustis Technologies

To summarize, here are the 6 steps to buy stock in Akoustis Technologies:

  1. Figure out where to buy Akoustis Technologies stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Research Akoustis Technologies stock
  5. Place your AKTS trade
  6. Monitor your investment in AKTS

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If you would like to monitor your investment in Akoustis Technologies, create a watchlist on WallStreetZen today.

$3.31+0.16 (+5.08%)
Updated Jun 2, 2023
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$3.31+0.16 (+5.08%)
Updated Jun 2, 2023
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How much does it cost to buy one Akoustis Technologies share?

As of Jun 2, 2023, it costs $3.31 to buy one share of Akoustis Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.302 shares of AKTS.

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Is now a good time to buy Akoustis Technologies stock?

According to 3 Wall Street analysts who monitor Akoustis Technologies, their consensus recommendation is to buy Akoustis Technologies stock.

What is the best way to buy Akoustis Technologies stock?

One way to place an order for Akoustis Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.