Akoustis Technologies (AKTS) Gets a Hold from Craig-Hallum

In a report released today, Anthony Stoss from Craig-Hallum maintained a Hold rating on Akoustis Technologies (AKTS – Research Report). The company’s shares closed yesterday at $0.14.

According to TipRanks, Stoss is a 5-star analyst with an average return of 8.7% and a 56.19% success rate. Stoss covers the Technology sector, focusing on stocks such as Semtech, indie Semiconductor, and Powerfleet.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akoustis Technologies with a $0.88 average price target.

Based on Akoustis Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.02 million and a GAAP net loss of $15.71 million. In comparison, last year the company earned a revenue of $5.87 million and had a GAAP net loss of $11.16 million

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Akoustis Technologies (AKTS) Company Description:

Akoustis Technologies, Inc. is a filter solutions company, which engages in the development, design, and manufacture of radio frequency (RF) filter products. It operates through the Foundry Fabrication Services and RF Filters segments. The Foundry Fabrication Services segment consists of engineering review services and STC-MEMS foundry services. The RF Filters segment includes amplifier and filter product sales, and grant revenue. The company was founded by Jeffrey B. Shealy in 2014 and is headquartered in Huntersville, NC.