WallStreetZenWallStreetZen

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 $9.85, up 3.68% from the previous day, and has decreased 24.23% in one year. It has underperformed other stocks in the Semiconductors industry by 0.56 percentage points. Skywater Technology stock is currently +108.25% from its 52-week low of $4.73, and -33.31% from its 52-week high of $14.77.

At the moment, there are 47.02M SKYT shares outstanding. The market value of SKYT is $463.19M. In the last 24 hours, 423,766 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.
  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.

Our recommended brokerage: eToro

We believe that eToro is the best stock brokerage. Here's why:

  • Invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to global markets: From Tech to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the world's top stock exchanges.
  • Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by opening an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open your brokerage account

Now that you've selected the best brokerage, you'll need to fill out some personal info so you can invest in SKYT today.

How to Create a New Investment Account on eToro

  1. 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.
  2. Provide your personal details to create a new brokerage account.
  1. Submit your details by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your brokerage account

Now that you have filled out your info on a mobile trading app, your next step is to transfer the money for your investment:

Watch the tutorial below to see the process of transferring funds into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Skywater Technology stock

Once you have selected the best place to buy Skywater Technology stock, it's critical to analyze their stock prior to buying, so you truly understand the risk and opportunity.

Skywater Technology shares quick numbers

SKYT Price
$9.85
1w %
-3.86%
1y %
-24.23%
5y %
N/A
P/E
-19.31x
P/B
7.37x
P/S
1.68x
PEG
N/A
Revenue
$272.62M
Earnings
-$23.47M
Fore. Rev. Growth
20.92%
Fore. Earn. Growth
N/A
Market Cap
$463.19M
Next Earnings
Feb 26, 2024
Next Dividend
N/A

Fundamentals of SKYT

WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.

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

How is SKYT stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge SKYT's true value.

Using relative valuations ratios:

  • SKYT could be undervalued based on its P/B ratio of 7.37x, relative to Semiconductors industry P/B ratio of 7.65x

You can access more valuation research on SKYT's stock here.

A quick look at SKYT Financials

Pros:

  • SKYT profit margin has gone up from -34.1% to -8.6% in the past year.
  • There are more short-term assets than long-term liabilities on the SKYT balance sheet.

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 3.69.
  • SKYT has $17.35M in cash and short term investments. This is not enough to cover its annual cash burn of $39.54M.
  • SKYT has cash burn of 39543000. It does not have sufficient cash and short-term investments to cover this.

Do Wall Street analysts think it's a good time to buy Skywater Technology stock

Out of 2 sell side analysts who monitor SKYT, the consensus analyst rating on SKYT is a Strong Buy

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

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

SKYT Technical Indicators

SMA10
9.8
SMA20
9.42
SMA50
9.02
SMA100
7.54
SMA200
7.97
MACD
0.3
MACD Signal
0.29
MACD Histogram
0.01
RSI
54.92
Stochastic %K
51.03
Stochastic %D
57.24
StochRSI %K
30.26
StochRSI %D
42.03

SKYT Growth Numbers

Last year, SKYT revenue was $272.62M. During the last two year, SKYT's revenue has gone up by 28.9% per year. This was faster than the Semiconductors industry average of 21.7%.

You can analyze SKYT's earnings and revenue performance here.

Who is buying/selling SKYT?

Over the past year, executives and large shareholders at SKYT have sold more shares than they have bought.

Thomas Sonderman, CEO of SKYT, was the latest SKYT insider to sell. They sold $190,022.92 worth of SKYT shares on Feb 9, 2024.

Get more info about who owns SKYT stock here.

Can I rely on SKYT as an income stream?

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

Get analysis from other traders

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

Click below to learn what other investors have to say.

Step 5: Make your SKYT buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly sufficient.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given price limit, use a limit order.

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

If you require additional help with investing in stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Watch your SKYT position

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

Create a watchlist to keep tabs on 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.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your new investment in Skywater Technology, get started below.

NASDAQ: SKYT
$9.85+0.35 (+3.68%)
Updated Feb 21, 2024
Open eToro Account
NASDAQ: SKYT
$9.85+0.35 (+3.68%)
Updated Feb 21, 2024
Open eToro Account

FAQ

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

As of Feb 21, 2024, it costs $9.85 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 $4, you can buy 0.406 shares of SKYT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Skywater Technology stock?

According to 2 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?

One way to place an order for Skywater Technology 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.