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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
