How to Buy Skywater Technology Stock
Skywater Technology Inc
SkyWater Technology, Inc. , together with its subsidiaries, provides semiconductor development and manufacturing services.
Skywater Technology stock last closed at $9.19, up 5.75% from the previous day, and has increased 42.26% in one year. It has overperformed other stocks in the Semiconductors industry by 0.27 percentage points. Skywater Technology stock is currently +94.29% from its 52-week low of $4.73, and -29.14% from its 52-week high of $12.97.
As of Sep 10, 2024, there are 47.48M SKYT shares outstanding. The market value of SKYT is $436.34M. In the past 24 hours, 879,465 SKYT shares were traded.
How to Buy Skywater Technology Stock
Wondering how to invest in Skywater Technology stock? Here's how.
- Figure out where to buy Skywater Technology stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Skywater Technology stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your info.
- 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 website can help you decide if SKYT is a good stock to buy).
- 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.
- Watch your SKYT position: Create a watchlist to the latest updates on your position in Skywater Technology stock.
Step 1: Figure out where to buy Skywater Technology stock
You will need a brokerage account to access the NASDAQ market and buy SKYT stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to buy SKYT stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start your new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the best beginner stock app, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing funds into your new investment account.
Step 4: Analyze Skywater Technology stock
After you have identified the best place to buy Skywater Technology stock, it's critical to analyze their stock before you buy, so you actually wrap your head around the risk and upside.
Skywater Technology Numbers
SKYT Zen Score
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on SKYT's stock page.
What is the fair value of SKYT stock?
Analysts use many financial metrics, analyses, models, and charts to gauge SKYT's intrinsic value.
Using relative valuations methods:
- SKYT could be overvalued based on its P/B ratio of 8.48x, relative to Semiconductors industry P/B ratio of 8.37x
You can access additional valuation research on SKYT's stock here.
SKYT Financial Health
Pros:
- SKYT profit margin has gone up from -9% to -7.9% in the past year.
- There are more short-term assets than long-term liabilities on the SKYT balance sheet.
- SKYT's operating cash flow of $33.51M allows it to safely service it's debt of $66.27M.
Cons:
- There are more short-term liabilities than short-term assets on the SKYT balance sheet.
- SKYT has a relatively high debt to equity ratio of 4.54.
- SKYT earnings of -$15.87M is not sufficient to cover its interest payments.
Is Skywater Technology stock a Buy, Hold, or Sell, according to analysts?
Out of 3 sell side analysts who research SKYT, the consensus analyst rating on SKYT is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Skywater Technology stock forecast page.
SKYT Trading Indicators
How are SKYT Revenues/Earnings doing?
Last year, SKYT revenue was $323.74M. During the last three year, SKYT's revenue has gone up by 99.92% per year. This was faster than the Semiconductors industry average of 34.64%.
Dive into SKYT's earnings and revenue performance here.
What are SKYT insiders up to?
Over the last 12 months, executives and large shareholders at SKYT have sold more shares than they have bought.
Loren A. Unterseher, Director of SKYT, was the latest SKYT insider to sell. They sold $26,735.35 worth of SKYT shares on Aug 23, 2024.
Dig into more about who owns SKYT shares here.
Does SKYT provide a stable income stream?
No, Skywater Technology doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Make your SKYT buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you need additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your SKYT position
Now that you own some shares in SKYT, you'll want to keep up with your new shares.
Put SKYT on a watchlist to keep track of your SKYT stock.
SKYT Feed
How to Buy Stock in Skywater Technology
To reiterate, here are the 6 steps for buying Skywater Technology stock:
- Figure out where to buy Skywater Technology stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Skywater Technology stock
- Make your SKYT buy order
- Watch your SKYT position
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Skywater Technology, click below.
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