Akoustis (AKTS) Stock Forecast, Price Target & Predictions
AKTS Stock Forecast
Akoustis stock forecast is as follows: an average price target of $4.92 (represents a 8456.52% upside from AKTS’s last price of $0.06) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
AKTS Price Target
The average price target for Akoustis (AKTS) is $4.92 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $0.75. This represents a potential 8456.52% upside from AKTS's last price of $0.06.
AKTS Analyst Ratings
According to 9 Wall Street analysts, Akoustis's rating consensus is 'Buy'. The analyst rating breakdown for AKTS stock is 0 'Strong Buy' (0.00%), 4 'Buy' (44.44%), 4 'Hold' (44.44%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).
Akoustis Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 14, 2024 | Craig Ellis | B.Riley Financial | $0.75 | $0.42 | 79.13% | 1204.35% |
| Nov 15, 2022 | - | Oppenheimer | $7.00 | $3.57 | 96.08% | 12073.91% |
| May 03, 2022 | - | Piper Sandler | $7.00 | $4.49 | 55.90% | 12073.91% |
The latest Akoustis stock forecast, released on May 14, 2024 by Craig Ellis from B.Riley Financial, set a price target of $0.75, which represents a 79.13% increase from the stock price at the time of the forecast ($0.42), and a 1204.35% increase from AKTS last price ($0.06).
Akoustis Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $0.75 |
| Last Closing Price | $0.06 | $0.06 | $0.06 |
| Upside/Downside | -100.00% | -100.00% | 1204.35% |
In the current month, the average price target of Akoustis stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Akoustis's last price of $0.06. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 28, 2024 | Craig-Hallum | - | Hold | Downgrade |
| Sep 07, 2023 | Raymond James | - | Outperform | Downgrade |
| Sep 07, 2023 | Oppenheimer | Outperform | Perform | Downgrade |
| Sep 07, 2023 | Barclays | - | Underweight | Downgrade |
| Sep 07, 2023 | B. Riley | - | Buy | Initialise |
| Sep 07, 2023 | JMP Securities | - | Market Perform | Initialise |
| Sep 07, 2023 | B. Riley Securities | - | Neutral | Downgrade |
| Nov 15, 2022 | Oppenheimer | Outperform | Outperform | Hold |
| May 03, 2022 | Roth Capital | Buy | Buy | Hold |
| May 03, 2022 | Piper Sandler | Overweight | Overweight | Hold |
Akoustis's last stock rating was published by Craig-Hallum on May 28, 2024. The company Downgrade its AKTS rating from "null" to "Hold".
Akoustis Financial Forecast
Akoustis Revenue Forecast
| Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $7.02M | - | - | $7.36M | $5.87M | - | - | $4.61M | $3.67M | $1.87M | $2.16M | $2.52M | $1.31M | $636.00K | $366.00K | $363.00K | $518.00K | $543.00K | $678.71K | $237.46K |
| Avg Forecast | $14.23M | $13.49M | $12.43M | $11.45M | $10.96M | $9.99M | $8.98M | $7.99M | $7.30M | $8.55M | $6.99M | $7.08M | $8.44M | $7.52M | $5.93M | $5.56M | $6.18M | $4.70M | $3.70M | $2.01M | $2.50M | $2.25M | $1.02M | $529.17K | $431.50K | $509.57K | $551.43K | $533.63K | $584.63K | $600.75K |
| High Forecast | $14.23M | $13.49M | $12.43M | $11.45M | $10.96M | $9.99M | $8.98M | $7.99M | $7.36M | $8.55M | $7.00M | $7.19M | $8.44M | $7.52M | $5.93M | $5.56M | $6.18M | $5.03M | $3.96M | $2.16M | $2.68M | $2.41M | $1.09M | $566.23K | $461.72K | $545.26K | $590.05K | $571.00K | $625.57K | $642.83K |
| Low Forecast | $14.23M | $13.49M | $12.43M | $11.45M | $10.96M | $9.99M | $8.98M | $7.99M | $7.24M | $8.55M | $6.94M | $7.00M | $8.44M | $7.52M | $5.93M | $5.56M | $6.18M | $4.30M | $3.39M | $1.84M | $2.29M | $2.06M | $933.75K | $483.87K | $394.56K | $465.95K | $504.22K | $487.94K | $534.58K | $549.32K |
| # Analysts | 1 | 1 | - | - | - | - | 1 | 1 | 2 | 2 | 4 | 5 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 | 7 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | 0.98% | 0.99% | - | - | 0.98% | 0.99% | 0.93% | 0.86% | 1.12% | 1.28% | 1.20% | 0.85% | 0.71% | 0.94% | 1.02% | 1.16% | 0.40% |
Akoustis's average Quarter revenue forecast for Mar 24 based on 2 analysts is $8.55M, with a low forecast of $8.55M, and a high forecast of $8.55M. AKTS's average Quarter revenue forecast represents a 21.89% increase compared to the company's last Quarter revenue of $7.02M (Dec 23).
Akoustis EBITDA Forecast
| Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | - | 1 | 1 | 2 | 2 | 4 | 5 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 | 7 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $-15.02M | - | - | $-13.96M | $-12.61M | - | - | $-12.23M | $-13.45M | $-11.35M | $-11.97M | $-8.74M | $-9.09M | $-9.27M | $-6.77M | $-8.47M | $-6.85M | $-6.61M | $-7.19M | $-5.88M |
| Avg Forecast | $-14.23M | $-13.49M | $-12.43M | $-11.45M | $-10.96M | $-9.99M | $-8.98M | $-7.99M | $-7.30M | $-15.00M | $-6.99M | $-7.08M | $-8.44M | $-13.64M | $-5.93M | $-7.93M | $-6.18M | $-12.40M | $-11.42M | $-8.49M | $-7.06M | $-10.82M | $-6.31M | $-6.18M | $-7.09M | $-8.08M | $-7.24M | $-5.74M | $-584.63K | $-5.74M |
| High Forecast | $-14.23M | $-13.49M | $-12.43M | $-11.45M | $-10.96M | $-9.99M | $-8.98M | $-7.99M | $-7.24M | $-12.00M | $-6.94M | $-7.00M | $-8.44M | $-10.91M | $-5.93M | $-6.35M | $-6.18M | $-9.92M | $-9.14M | $-6.79M | $-5.65M | $-8.66M | $-5.04M | $-4.94M | $-5.67M | $-6.46M | $-5.80M | $-4.59M | $-534.58K | $-4.59M |
| Low Forecast | $-14.23M | $-13.49M | $-12.43M | $-11.45M | $-10.96M | $-9.99M | $-8.98M | $-7.99M | $-7.36M | $-18.00M | $-7.00M | $-7.19M | $-8.44M | $-16.37M | $-5.93M | $-9.52M | $-6.18M | $-14.88M | $-13.70M | $-10.18M | $-8.47M | $-12.99M | $-7.57M | $-7.41M | $-8.51M | $-9.69M | $-8.69M | $-6.89M | $-625.57K | $-6.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 2.15% | - | - | 1.02% | 2.13% | - | - | 0.99% | 1.18% | 1.34% | 1.70% | 0.81% | 1.44% | 1.50% | 0.96% | 1.05% | 0.95% | 1.15% | 12.29% | 1.02% |
undefined analysts predict AKTS's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Akoustis's previous annual EBITDA (undefined) of $NaN.
Akoustis Net Income Forecast
| Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | - | 1 | 1 | 2 | 2 | 4 | 5 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 | 7 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $-15.71M | - | - | $-15.54M | $-11.16M | - | - | $-14.82M | $-15.24M | $-12.81M | $-6.84M | $-10.35M | $-11.88M | $-12.15M | $-12.48M | $-7.77M | $-9.31M | $-10.62M | $-3.65M | $-9.43M |
| Avg Forecast | $-8.22M | $-8.22M | $-10.04M | $-11.41M | $-8.67M | $-9.13M | $-9.58M | $-10.50M | $-11.64M | $-17.77M | $-16.43M | $-16.43M | $-15.15M | $-16.15M | $-22.82M | $-9.01M | $-19.17M | $-14.69M | $-12.97M | $-9.64M | $-8.22M | $-12.36M | $-8.29M | $-7.79M | $-7.79M | $-9.02M | $-7.88M | $-6.24M | $-18.82M | $-6.15M |
| High Forecast | $-8.22M | $-8.22M | $-10.04M | $-11.41M | $-8.67M | $-9.13M | $-9.58M | $-10.50M | $-11.64M | $-14.22M | $-14.61M | $-12.78M | $-15.15M | $-12.92M | $-22.82M | $-7.21M | $-19.17M | $-11.75M | $-10.38M | $-7.71M | $-6.58M | $-9.88M | $-6.63M | $-6.23M | $-6.23M | $-7.21M | $-6.30M | $-4.99M | $-16.72M | $-4.92M |
| Low Forecast | $-8.22M | $-8.22M | $-10.04M | $-11.41M | $-8.67M | $-9.13M | $-9.58M | $-10.50M | $-11.64M | $-21.32M | $-18.26M | $-18.26M | $-15.15M | $-19.39M | $-22.82M | $-10.81M | $-19.17M | $-17.62M | $-15.57M | $-11.56M | $-9.87M | $-14.83M | $-9.94M | $-9.35M | $-9.34M | $-10.82M | $-9.46M | $-7.49M | $-20.53M | $-7.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | 0.96% | 0.49% | - | - | 1.01% | 1.18% | 1.33% | 0.83% | 0.84% | 1.43% | 1.56% | 1.60% | 0.86% | 1.18% | 1.70% | 0.19% | 1.53% |
Akoustis's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. AKTS's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Akoustis SG&A Forecast
| Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | - | 1 | 1 | 2 | 2 | 4 | 5 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 | 7 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $9.29M | - | - | $8.82M | $5.84M | - | - | $5.72M | $5.15M | $3.88M | $3.60M | $3.40M | $3.36M | $2.93M | $2.73M | $2.59M | $2.76M | $2.80M | $2.00M | $2.46M |
| Avg Forecast | $47.16M | $44.68M | $41.18M | $37.93M | $36.30M | $33.10M | $29.75M | $26.49M | $24.20M | $6.92M | $23.16M | $23.45M | $27.96M | $6.29M | $19.64M | $2.72M | $20.48M | $15.59M | $12.27M | $6.67M | $8.29M | $7.45M | $3.38M | $1.75M | $1.43M | $1.69M | $1.83M | $1.77M | $1.94M | $1.99M |
| High Forecast | $47.16M | $44.68M | $41.18M | $37.93M | $36.30M | $33.10M | $29.75M | $26.49M | $24.39M | $8.31M | $23.19M | $23.82M | $27.96M | $7.55M | $19.64M | $3.26M | $20.48M | $16.68M | $13.13M | $7.14M | $8.88M | $7.98M | $3.62M | $1.88M | $1.53M | $1.81M | $1.95M | $1.89M | $2.07M | $2.13M |
| Low Forecast | $47.16M | $44.68M | $41.18M | $37.93M | $36.30M | $33.10M | $29.75M | $26.49M | $24.00M | $5.54M | $22.99M | $23.19M | $27.96M | $5.03M | $19.64M | $2.17M | $20.48M | $14.25M | $11.22M | $6.10M | $7.58M | $6.82M | $3.09M | $1.60M | $1.31M | $1.54M | $1.67M | $1.62M | $1.77M | $1.82M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.40% | - | - | 1.40% | 0.30% | - | - | 0.37% | 0.42% | 0.58% | 0.43% | 0.46% | 0.99% | 1.67% | 1.91% | 1.53% | 1.51% | 1.58% | 1.03% | 1.24% |
Akoustis's average Quarter SG&A projection for Mar 24 is $6.92M, based on 2 Wall Street analysts, with a range of $5.54M to $8.31M. The forecast indicates a -25.52% fall compared to AKTS last annual SG&A of $9.29M (Dec 23).
Akoustis EPS Forecast
| Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | - | - | - | - | 1 | 1 | 2 | 2 | 4 | 5 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 | 7 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | $-0.00 | - | - | $-0.23 | $-0.19 | - | - | $-0.27 | $-0.29 | $-0.25 | $-0.13 | $-0.23 | $-0.30 | $-0.32 | $-0.33 | $-0.17 | $-0.35 | $-0.35 | $-0.12 | $-0.41 |
| Avg Forecast | $-0.09 | $-0.09 | $-0.11 | $-0.13 | $-0.10 | $-0.10 | $-0.10 | $-0.12 | $-0.13 | $-0.12 | $-0.18 | $-0.18 | $-0.17 | $-0.19 | $-0.25 | $-0.27 | $-0.21 | $-0.25 | $-0.26 | $-0.21 | $-0.29 | $-0.27 | $-0.23 | $-0.24 | $-0.25 | $-0.26 | $-0.26 | $-0.27 | $-0.26 | $-0.23 |
| High Forecast | $-0.09 | $-0.09 | $-0.11 | $-0.13 | $-0.10 | $-0.10 | $-0.10 | $-0.12 | $-0.13 | $-0.12 | $-0.16 | $-0.14 | $-0.17 | $-0.19 | $-0.25 | $-0.27 | $-0.21 | $-0.22 | $-0.23 | $-0.19 | $-0.26 | $-0.24 | $-0.21 | $-0.22 | $-0.22 | $-0.23 | $-0.23 | $-0.24 | $-0.23 | $-0.21 |
| Low Forecast | $-0.09 | $-0.09 | $-0.11 | $-0.13 | $-0.10 | $-0.10 | $-0.10 | $-0.12 | $-0.13 | $-0.12 | $-0.20 | $-0.20 | $-0.17 | $-0.19 | $-0.25 | $-0.27 | $-0.21 | $-0.27 | $-0.28 | $-0.23 | $-0.32 | $-0.29 | $-0.26 | $-0.27 | $-0.27 | $-0.28 | $-0.28 | $-0.29 | $-0.28 | $-0.26 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.00% | - | - | 1.20% | 0.76% | - | - | 1.08% | 1.12% | 1.19% | 0.45% | 0.85% | 1.28% | 1.32% | 1.34% | 0.66% | 1.35% | 1.30% | 0.47% | 1.75% |
According to undefined Wall Street analysts, Akoustis's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to AKTS previous annual EPS of $NaN (undefined).
Akoustis Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CASA | Casa Systems | $0.04 | $9.50 | 23650.00% | - |
| AKTS | Akoustis | $0.06 | $4.92 | 8100.00% | Buy |
| CMBM | Cambium Networks | $1.97 | $34.17 | 1634.52% | Buy |
| KVHI | KVH Industries | $4.59 | $13.00 | 183.22% | Buy |
| ADTN | ADTRAN | $5.60 | $15.67 | 179.82% | Buy |
| AUDC | AudioCodes | $9.36 | $19.00 | 102.99% | Buy |
| AVNW | Aviat Networks | $22.49 | $44.33 | 97.11% | Buy |
| GILT | Gilat Satellite Networks | $4.75 | $7.00 | 47.37% | Buy |
| LITE | Lumentum | $58.37 | $74.60 | 27.81% | Buy |
| CIEN | Ciena | $56.44 | $64.74 | 14.71% | Buy |
| NTGR | NETGEAR | $20.91 | $22.00 | 5.21% | Buy |
AKTS Forecast FAQ
Is Akoustis a good buy?
Yes, according to 9 Wall Street analysts, Akoustis (AKTS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 44.44% of AKTS's total ratings.
What is AKTS's price target?
Akoustis (AKTS) average price target is $4.92 with a range of $0.75 to $7, implying a 8456.52% from its last price of $0.0575. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Akoustis stock go up soon?
According to Wall Street analysts' prediction for AKTS stock, the company can go up by 8456.52% (from the last price of $0.0575 to the average price target of $4.92), up by 12073.91% based on the highest stock price target, and up by 1204.35% based on the lowest stock price target.
Can Akoustis stock reach $0?
AKTS's average twelve months analyst stock price target of $4.92 supports the claim that Akoustis can reach $0 in the near future.
Did the AKTS's actual financial results beat the analysts' financial forecasts?
Based on Akoustis's last annual report (Jun 2021), the company's revenue was $6.62M, beating the average analysts forecast of $6.3M by 4.98%. Apple's EBITDA was $-38.879M, beating the average prediction of $-30.366M by 28.03%. The company's net income was $-44.55M, beating the average estimation of $-36.657M by 21.53%. Apple's SG&A was $13.28M, missing the average forecast of $20.89M by -36.39%. Lastly, the company's EPS was $-1.03, missing the average prediction of $-1.038 by -0.80%. In terms of the last quarterly report (Dec 2023), Akoustis's revenue was $7.02M, beating the average analysts' forecast of $6.99M by 0.40%. The company's EBITDA was $-15.024M, beating the average prediction of $-6.989M by 114.97%. Akoustis's net income was $-15.711M, missing the average estimation of $-16.431M by -4.38%. The company's SG&A was $9.29M, missing the average forecast of $23.16M by -59.86%. Lastly, the company's EPS was $-0.0002, missing the average prediction of $-0.18 by -99.89%