Akoustis Technologies – Consensus Indicates Potential 20.5% Upside

Broker Ratings

Akoustis Technologies with ticker code (AKTS) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 25 and 10 calculating the mean target price we have 19.43. With the stocks previous close at 16.13 this indicates there is a potential upside of 20.5%. The 50 day MA is 14.86 and the 200 day MA is 9.92. The company has a market cap of $656m. Company Website: http://www.akoustis.com

Akoustis Technologies, through its subsidiary, Akoustis, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi customer premise equipment, military and defense applications. The company was incorporated in 2013 and is headquartered in Huntersville, North Carolina.

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