In yesterday’s Wall Street session, SkyWater Technology Inc. (NASDAQ:SKYT) shares traded at $14.25, up 10.29% from the previous session.
5 analysts cover SkyWater Technology Inc. (NASDAQ:SKYT), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $12.00, we find $18.00. Given the previous closing price of $12.92, this indicates a potential upside of 39.32 percent. SKYT stock price is now 35.19% away from the 50-day moving average and 45.01% away from the 200-day moving average. The market capitalization of the company currently stands at $619.88M.
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The stock has received a hold rating from 1 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $18.20 as their price target over the next twelve months.
With the price target of $10, Craig Hallum recently initiated with Buy rating for SkyWater Technology Inc. (NASDAQ: SKYT). On August 05, 2021, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $27 to quote $23, while ‘Needham’ rates the stock as ‘Buy’.
In other news, Zibrowski Bart L, 10% Owner sold 15,000 shares of the company’s stock on Mar 07. The stock was sold for $185,942 at an average price of $12.40. Upon completion of the transaction, the 10% Owner now directly owns 4,739,540 shares in the company, valued at $67.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, 10% Owner DDK Developments, L.L.C. sold 15,000 shares of the business’s stock. A total of $185,942 was realized by selling the stock at an average price of $12.40. This leaves the insider owning 4,739,540 shares of the company worth $67.54 million. Insiders disposed of 6,900,844 shares of company stock worth roughly $98.34 million over the past 1 year. A total of 16.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SKYT stock. A new stake in SkyWater Technology Inc. shares was purchased by COOPER CREEK PARTNERS MANAGEMENT LLC during the first quarter worth $11,239,000. ESSEX INVESTMENT MANAGEMENT CO LLC invested $2,063,000 in shares of SKYT during the first quarter. In the first quarter, PERKINS CAPITAL MANAGEMENT INC acquired a new stake in SkyWater Technology Inc. valued at approximately $1,809,000. LEGATO CAPITAL MANAGEMENT LLC acquired a new stake in SKYT for approximately $778,000. FEDERATED HERMES, INC. purchased a new stake in SKYT valued at around $413,000 in the second quarter. In total, there are 105 active investors with 12.40% ownership of the company’s stock.
On Wednesday morning SkyWater Technology Inc. (NASDAQ: SKYT) stock kicked off with the opening price of $12.92. During the past 12 months, SkyWater Technology Inc. has had a low of $4.43 and a high of $20.95. As of last week, the company has a debt-to-equity ratio of 2.30, a current ratio of 1.10, and a quick ratio of 0.90. The fifty day moving average price for SKYT is $10.54 and a two-hundred day moving average price translates $9.83 for the stock.
The latest earnings results from SkyWater Technology Inc. (NASDAQ: SKYT) was released for Oct, 2022. According to the Semiconductors Company, earnings per share came in at -$0.13, beating analysts’ expectations of -$0.25 by 0.12. This compares to -$0.33 EPS in the same period last year. The net profit margin was -33.10% and return on equity was -153.50% for SKYT. The company reported revenue of $52.33 million for the quarter, compared to $35.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.4 percent. For the current quarter, analysts expect SKYT to generate $55.5M in revenue.
SkyWater Technology Inc.(SKYT) Company Profile
SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor development and manufacturing services. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, power discrete, microelectromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive and transportation, bio-health, consumer, and industrial/internet of things industries. The company was incorporated in 2017 and is headquartered in Bloomington, Minnesota.
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