How to Buy 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.

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.

How to Set Up a New Investment Account on eToro

1. Click here to get started.
2. Input your personal details to create a new brokerage account.

3. Submit your application by hitting the "Create Account" button.

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:

Watch this video walkthrough for more details depositing funds into your investment account.

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

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

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?

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other community members have to say.

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.

Press the Open button and eToro will place your order.

If you need additional assistance investing in stocks on eToro, watch the how to video below:

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

If you need a place to buy stocks, eToro is our favorite venue.

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

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