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Akoustis Technologies (AKTS) in Focus: Stock Moves 10.5% Higher

Zacks Equity Research

Akoustis Technologies, Inc. AKTS was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $5.79–$6.75 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported that it has inked a supply agreement for its XBAW™ RF filter solutions.

The company has seen four positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Akoustis Technologies. 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 Technologies currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.  

Akoustis Technologies, Inc. Price

Akoustis Technologies, Inc. Price | Akoustis Technologies, Inc. Quote

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

Is AKTS going up? Or down? Predict to see what others think: Up or Down

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