SkyWater Technology Inc (NASDAQ:SKYT) price on Friday, June 13, fall -7.14% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.19.
A look at the stock’s price movement, the close in the last trading session was $8.82. Turning to its 52-week performance, $19.00 and $5.63 were the 52-week high and 52-week low respectively. Overall, SKYT moved -0.73% over the past month.
SkyWater Technology Inc’s market cap currently stands at around $393.43 million, with investors looking forward to this quarter’s earnings report slated for in July.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend SKYT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SKYT’s current price about -9.12% and 4.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.26, while 7-day volatility ratio is 3.78% and 4.05% in the 30-day chart. Further, SkyWater Technology Inc (SKYT) has a beta value of 3.42, and an average true range (ATR) of 0.51. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $9 and high of $20. Looking at the price targets, the low is -9.89% off current price level while to achieve the yearly target high, price needs to move -144.2%. Nonetheless, investors will most likely welcome a -83.15% jump to $15 which is the analysts’ median price.
If we refocus on SkyWater Technology Inc (NASDAQ:SKYT), historical trading data shows that trading volumes averaged 660.32K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.04 million shares.
The 47.22% of SkyWater Technology Inc’s shares are in the hands of company insiders while institutional holders own 30.70% of the company’s shares. Current price change has pushed the stock -40.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SKYT stock continues to rise going into the next quarter.
