Is AkoustisTechnologies (NASDAQ:AKTS) Now a Buy? How Analysts Rate it and Why BidaskScore Upgraded The Stock

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AkoustisTechnologies (NASDAQ:AKTS) Stock Upgrade

In a research report sent to investors and clients on Friday morning, BidaskScore announced that they have decided to upgrade AkoustisTechnologies (NASDAQ:AKTS) shares to a Hold.

The stock increased 4.65% or $0.29 during the last trading session, reaching $6.52. About 322,834 shares traded or 51.93% up from the average. Akoustis Technologies, Inc. (NASDAQ:AKTS) has risen 13.82% since March 16, 2018 and is uptrending. It has outperformed by 9.45% the S&P500.

Analysts await Akoustis Technologies, Inc. (NASDAQ:AKTS) to report earnings on May, 21. They expect $-0.23 earnings per share, down 4.55 % or $0.01 from last year’s $-0.22 per share. After $-0.24 actual earnings per share reported by Akoustis Technologies, Inc. for the previous quarter, Wall Street now forecasts -4.17 % EPS growth.

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 $195.03 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.

More notable recent Akoustis Technologies, Inc. (NASDAQ:AKTS) news were published by: Benzinga.com which released: “22 Stocks Moving In Friday’s Pre-Market Session – Benzinga” on October 19, 2018, also Seekingalpha.com with their article: “Akoustis (AKTS) Investor Presentation – Slideshow – Seeking Alpha” published on February 26, 2019, Nasdaq.com published: “Akoustis Technologies to Present at the 31st Annual Roth Conference on March 18th at 11:30 am ET – Nasdaq” on March 11, 2019. More interesting news about Akoustis Technologies, Inc. (NASDAQ:AKTS) were released by: Globenewswire.com and their article: “Akoustis Technologies to Attend 2019 Consumer Electronics Show – GlobeNewswire” published on December 31, 2018 as well as Globenewswire.com‘s news article titled: “Akoustis Technologies Provides Management Update Nasdaq:AKTS – GlobeNewswire” with publication date: November 05, 2018.

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

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