It Seems Akoustis Technologies, Inc. (AKTS) Will Go Down. Have Another Big Decline

Akoustis Technologies, Inc. (NASDAQ:AKTS) Logo

The stock of Akoustis Technologies, Inc. (NASDAQ:AKTS) is a huge mover today! The stock decreased 3.50% or $0.29 during the last trading session, reaching $8. About 528,652 shares traded or 1.19% up from the average. Akoustis Technologies, Inc. (NASDAQ:AKTS) has declined 27.52% since September 13, 2018 and is downtrending. It has underperformed by 27.52% the S&P500.
The move comes after 5 months negative chart setup for the $240.45M company. It was reported on Sep, 13 by Barchart.com. We have $7.68 PT which if reached, will make NASDAQ:AKTS worth $9.62M less.

More notable recent Akoustis Technologies, Inc. (NASDAQ:AKTS) news were published by: Globenewswire.com which released: “Akoustis Expects June Quarter Revenue at Upper End of Previous Guidance – GlobeNewswire” on July 10, 2019, also Seekingalpha.com with their article: “Akoustis Technologies, Inc. (AKTS) CEO Jeff Shealy on Investor Update Conference Call Transcript – Seeking Alpha” published on November 04, 2018, Finance.Yahoo.com published: “Hedge Funds Have Never Been More Bullish On IDT Corporation (IDT) – Yahoo Finance” on June 29, 2019. More interesting news about Akoustis Technologies, Inc. (NASDAQ:AKTS) were released by: Globenewswire.com and their article: “Akoustis Appoints Tom Sepenzis as Director of Investor Relations – GlobeNewswire” published on February 20, 2018 as well as Globenewswire.com‘s news article titled: “Akoustis Announces New Shipments of 5.2 GHz XBAW WiFi Filters – GlobeNewswire” with publication date: April 11, 2019.

Akoustis Technologies, Inc. engages in developing, designing, and manufacturing radio frequency filter products for the mobile wireless device industries. The company has market cap of $240.45 million. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment. It currently has negative earnings. The firm focuses on manufacturing and commercializing its patented Bulk ONE acoustic wave technology to address the frequency-selectivity requirements in mobile smartphones, enhancing the efficiency and signal quality of mobile wireless devices and enabling The Internet of Things.

Akoustis Technologies, Inc. (NASDAQ:AKTS) Ratings Chart

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