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NASDAQ: SKYT

How to Buy Skywater Technology Stock

Buy SKYT

Skywater Technology Inc

Skywater Technology is a semiconductor company located in Minnesota, United States, which is part of the Technology sector, and is traded under the ticker SKYT on the NASDAQ exchange.

Skywater Technology stock last closed at $7.31, down 4.82% from the previous day, and has decreased 76.33% in one year. It has underperformed other stocks in the Semiconductors industry by 0.46 percentage points. Skywater Technology stock is currently +65.01% from its 52-week low of $4.43, and -79.64% from its 52-week high of $35.90.

At the moment, there are 40.45M SKYT shares outstanding. The market value of SKYT is $295.72M. In the last 24 hours, 281,870 SKYT shares were traded.

How to Buy Skywater Technology Stock

Not sure how to invest in Skywater Technology stock? Here's how.
  1. Figure out where to buy Skywater Technology stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Skywater Technology stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified. It's the best place to buy SKYT stock.
  3. Deposit money your brokerage account: Choose your method of payment and add your details.
  4. Analyze Skywater Technology stock: The Skywater Technology ticker symbol is SKYT. Is Skywater Technology stock a good investment? Should you buy shares of SKYT? How do SKYT's underlying business fundamentals look? Do top analysts think Skywater Technology is a good buy? Why has SKYT's stock price moved recently? (Hint: Our stock research tools can help you understand if SKYT is a good stock to buy).
  5. Make your SKYT buy order: Decide if you will purchase SKYT shares at the current market price or use a limit order to buy SKYT shares at a particular price.
  6. Watch your SKYT position: Create a watchlist to key updates about your new investment in Skywater Technology shares.

Step 1: Figure out where to buy Skywater Technology stock

You need a brokerage account to access the NASDAQ market and buy SKYT stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Buy SKYT Stock

Step 2: Open your brokerage account

Now that you've picked you'll need brokerage, picked to fill out some personal information so you are able to buy SKYT today.

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  2. Input your personal info to open your new trading account.
  1. Send your info by clicking the "Create Account" button.
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Step 3: Deposit money your brokerage account

Check out the walkthrough below to see the process of transferring money into your brokerage account.

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Step 4: Analyze Skywater Technology stock

It's crucial to evaluate stocks before you buy, so you can wrap your head around the risk as well as the opportunity.

Overview of key SKYT info

SKYT Price
$7.31
1w %
-15.78%
1y %
-76.33%
5y %
N/A
P/E
-3.81x
P/B
7.78x
P/S
1.74x
PEG
N/A
Revenue
$169.09M
Earnings
-$70.52M
Fore. Rev. Growth
19.91%
Fore. Earn. Growth
N/A
Market Cap
$295.72M
Next Earnings
N/A
Next Dividend
N/A

SKYT Overview

WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.

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

Is SKYT stock undervalued or overvalued?

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

Using relative valuations metrics:

  • SKYT could be overvalued based on its P/B ratio of 7.78x, relative to Semiconductors industry P/B ratio of 3.65x

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

A quick look at SKYT Financials

Pros:

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

Cons:

  • SKYT has $10.97M in cash and short term investments. This is not enough to cover its annual cash burn of $59.90M.
  • SKYT has cash burn of 59899000. It does not have sufficient cash and short-term investments to cover this.
  • SKYT has a relatively high debt to equity ratio of 6.29.
  • SKYT profit margin has gone down from -14.6% to -41.7% in the past year.
  • There are more long-term liabilities than short-term assets on the SKYT balance sheet.

Is Skywater Technology stock a Buy, Hold, or Sell?

Out of 4 Equities analysts who monitor SKYT, the consensus analyst rating on SKYT is a Strong Buy

Should I buy or sell SKYT stock?

Based on 4 analysts offering ratings for Skywater Technology Inc.
Strong Buy
Strong Buy
1 analysts 25%
Buy
3 analysts 75%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Most Recent SKYT Analyst Forecasts

Krish Sankar, a top 13% analyst from Cowen & Co. maintains SKYT with a buy rating and raises their SKYT price target from $12.00 to $20.00, on Aug 16, 2022.

Harsh Kumar, a top 16% analyst from Piper Sandler maintains SKYT with a strong buy rating and raises their SKYT price target from $10.00 to $18.00, on Aug 16, 2022.

Kumar raised his price target on SkyWater Technology, Inc. by 80% following the release of the company's Q2 2022 earnings report on 2022/08/15.

Q2's results were "solid" according to the analyst, attributable to "better than expected revenues and ongoing gross margin expansion."

Kumar also noted SkyWater is positioned to potentially leverage the recently-passed CHIPS Act*.

In fact, "the legislation is already having a positive impact on customer conversations across several of the company's end markets," the analyst reported.

* From here: The Chips Act is intended to counter China’s high-tech rise by shoring up US competitiveness. The spending bill paves the way for US$280 billion in funding for science and technology, roughly US$52 billion of which is earmarked for boosting US semiconductor production.

"The funds and tax breaks in place are meant to help lower the cost gap for building in the US and compete with foreign subsidies so that the semiconductor industry can thrive in America.

"The US government is also expected to coordinate with allies that are also chip-making countries to avoid damaging subsidy competitions."

Interested investors can find additional analysis of the impact of the Chips Act here.

For Q2 2022, SkyWater Technology reported:

  • Loss per share of $0.27, down 80% against Q2 2021's loss of $0.15.
  • Revenue of $47.4M, ahead of Q2 2021's $41.2M by 15%.

Management did not provide financial guidance in its press release.

President & CEO Thomas Sonderman commented: "We are pleased to report increasing momentum toward our margin expansion and profitability objectives.

“For 2022, our performance year to date and expected second-half revenue ramp in multiple programs provides increasing confidence that we will achieve growth this year approaching our long-term annual target of 25%.”

Rajvindra Gill, a top 5% analyst from Needham maintains SKYT with a buy rating and raises their SKYT price target from $15.00 to $20.00, on Aug 16, 2022.

Richard Shannon, a bottom 27% analyst from Craig-Hallum initiates coverage on SKYT with a buy rating and announces their SKYT price target of $10.00, on Apr 26, 2022.

You can dig deeper into what analysts are projecting on the Skywater Technology stock forecast page.

SKYT Technicals

SMA10
8.9
SMA20
10.81
SMA50
13.09
SMA100
9.8
SMA200
10.46
MACD
-1.67
MACD Signal
-1.27
MACD Histogram
-0.39
RSI
25.01
Stochastic %K
2.24
Stochastic %D
2.11
StochRSI %K
0
StochRSI %D
0

SKYT Revenue

Last year, SKYT revenue was $169.09M. Over the past one years, SKYT's revenue has increased by 4.33% per year. This was slower than the Semiconductors industry average of 16.87%.

Learn more about SKYT's earnings and revenue performance here.

Latest Insiders Trades at SKYT

Over the last year, insiders at SKYT have sold more shares than they have bought.

Cmi Oxbow Partners LLC, Director of SKYT, was the latest SKYT insider to sell. They sold $763,159.78 worth of SKYT shares on Sep 16, 2022.

Learn more about who owns SKYT shares here.

Does SKYT stock generate passive income?

No, Skywater Technology doesn't provide an income stream by paying out dividends.

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Step 5: Make your SKYT buy order

There are 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 mostly fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price, place a limit order.

Press the Open Trade button and your broker will place your order.

If you want additional help buying stocks on eToro, click the how to video below:

Buy SKYT Stock

Step 6: Watch your SKYT position

Now that you own some SKYT stock, you'll want to stay up-to-date on your company.

Put SKYT on a watchlist to get notified of important updates regarding your SKYT stock.

SKYT Feed

How to Buy Stock in Skywater Technology

To reiterate, here are the 6 steps you need to take to buy Skywater Technology stock right now:

  1. Figure out where to buy Skywater Technology stock
  2. Open your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Skywater Technology stock
  5. Make your SKYT buy order
  6. Watch your SKYT position

If you require a brokerage account, eToro is our recommended venue.

Start investing with eToro today

If you want to monitor your new investment in Skywater Technology, click below.

$7.31-0.37 (-4.82%)
Updated Sep 23, 2022
Buy SKYT Stock
$7.31-0.37 (-4.82%)
Updated Sep 23, 2022
Buy SKYT Stock

FAQ

How much does it cost to buy one Skywater Technology share?

As of Sep 23, 2022, it costs $7.31 to buy one share of Skywater Technology stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.41 shares of SKYT.

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Is now a good time to buy Skywater Technology stock?

According to 4 Wall Street analysts who monitor Skywater Technology, their consensus recommendation is to buy Skywater Technology stock.

What is the best way to buy Skywater Technology stock?

The best way to buy Skywater Technology stock is within a brokerage account on eToro.
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.