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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 $10.45, up 2.75% from the previous day, and has decreased 2.43% in one year. It has underperformed other stocks in the Semiconductors industry by 0.41 percentage points. Skywater Technology stock is currently +120.93% from its 52-week low of $4.73, and -19.43% from its 52-week high of $12.97.

As of Mar 27, 2024, there are 47.28M SKYT shares outstanding. The market value of SKYT is $494.08M. In the past 24 hours, 267,674 SKYT shares were traded.

How to Buy Skywater Technology Stock

Wondering how to invest in Skywater Technology stock? Here's how.
  1. 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.
  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: Pick your payment method and add your info.
  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 website can help you decide 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 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.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Send your details by pressing the "Create Account" button.
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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.

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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 Price
$10.45
1w %
5.34%
1y %
-2.43%
5y %
N/A
P/E
-15.37x
P/B
9.19x
P/S
1.66x
PEG
N/A
Revenue
$286.68M
Earnings
-$30.76M
Fore. Rev. Growth
11.62%
Fore. Earn. Growth
N/A
Market Cap
$494.08M
Next Earnings
May 6, 2024
Next Dividend
N/A

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 9.19x, relative to Semiconductors industry P/B ratio of 8.23x

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

SKYT Financial Health

Pros:

  • SKYT profit margin has gone up from -18.6% to -10.7% in the past year.
  • There are more short-term assets than short-term liabilities on the SKYT balance sheet.
  • There are more short-term assets than long-term liabilities on the SKYT balance sheet.

Cons:

  • SKYT has a relatively high debt to equity ratio of 4.77.
  • SKYT's operating cash flow of $10.08M allows it to safely service it's debt of $62.84M.
  • SKYT earnings of -$20.45M is not sufficient to cover its interest payments.

Is Skywater Technology stock a Buy, Hold, or Sell, according to analysts?

Out of 2 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

SMA10
10.06
SMA20
10.8
SMA50
10.05
SMA100
8.83
SMA200
8.08
MACD
-0.06
MACD Signal
0.06
MACD Histogram
-0.12
RSI
50.99
Stochastic %K
21.42
Stochastic %D
17.6
StochRSI %K
19.06
StochRSI %D
11.31

How are SKYT Revenues/Earnings doing?

Last year, SKYT revenue was $286.68M. During the last four year, SKYT's revenue has gone up by 20.33% per year. This was slower than the Semiconductors industry average of 23.44%.

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.

Christopher Hilberg, Chief Legal Officer of SKYT, was the latest SKYT insider to sell. They sold $13,344.24 worth of SKYT shares on Mar 15, 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.

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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:

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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:

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

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If you would like to get updates on your new investment in Skywater Technology, click below.

NASDAQ: SKYT
$10.45+0.28 (+2.75%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: SKYT
$10.45+0.28 (+2.75%)
Updated Mar 27, 2024
Open eToro Account

FAQ

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

As of Mar 27, 2024, it costs $10.45 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 $5, you can buy 0.478 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.