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Akoustis (AKTS) Catches Eye: Stock Jumps 7.7%

Zacks Equity Research

Akoustis Technologies, Inc. AKTS was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up nearly 68% in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Akoustis. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Akoustis currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Akoustis Technologies, Inc. Price

Akoustis Technologies, Inc. Price

Akoustis Technologies, Inc. price | Akoustis Technologies, Inc. Quote


Another stock worth considering in the Computer and Technology industry is InterDigital, Inc. IDCC which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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