The stock of SkyWater Technology Inc (NASDAQ:SKYT) last traded at $7.91, down -3.42% from the previous session.
SKYT stock price is now -13.87% away from the 50-day moving average and -11.93% away from the 200-day moving average. The market capitalization of the company currently stands at $376.96M.
With the price target enhanced from $12 to $15, TD Cowen maintained Outperform rating for SkyWater Technology Inc (NASDAQ: SKYT). On February 27, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $13 to quote $15, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, John Sakamoto, affiliate bought 13,273 shares of the company’s stock on Nov 27 ’24. The stock was bought for $107,708 at an average price of $8.11. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Director Unterseher Loren A sold 2,673 shares of the business’s stock. A total of $26,735 was realized by selling the stock at an average price of $10.00. This leaves the insider owning 13,019,620 shares of the company worth $102.99 million. A total of 53.74% of the company’s stock is owned by insiders.
During the past 12 months, SkyWater Technology Inc has had a low of $5.63 and a high of $12.97. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 0.87, and a quick ratio of 0.78. The fifty day moving average price for SKYT is $9.2055 and a two-hundred day moving average price translates $8.98935 for the stock.
The latest earnings results from SkyWater Technology Inc (NASDAQ: SKYT) was released for 2024-09-29. The net profit margin was -4.75% and return on equity was -27.62% for SKYT. The company reported revenue of $93.82 million for the quarter, compared to $71.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.99 percent. For the current quarter, analysts expect SKYT to generate $74.25M in revenue.
