SkyWater Technology (SKYT) Stock Price, News & Analysis

Company Overview

SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive, bio-health, consumer, and industrial sectors. The company was incorporated in 2016 and is headquartered in Bloomington, Minnesota.

Key Stats

• Today's Range: $8.10 to $8.42
• 50-Day Range: $7.90 to $11.05
• 52-Week Range: $5.63 to $12.97
• Volume: 251,682 shs
• Average Volume: 428,252 shs
• Market Capitalization: $398.91 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $12.75
• Consensus Rating: Buy

SkyWater Technology Stock Analysis - MarketRank™

SkyWater Technology scored higher than 50% of companies evaluated by MarketBeat, and ranked 364th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

SkyWater Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

SkyWater Technology has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for SkyWater Technology are expected to decrease in the coming year, from ($0.22) to ($0.29) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SkyWater Technology is -23.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SkyWater Technology is -23.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

SkyWater Technology has a P/B Ratio of 5.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.04% of the float of SkyWater Technology has been sold short.

Short Interest Ratio / Days to Cover

SkyWater Technology has a short interest ratio ("days to cover") of 7.

Change versus previous month

Short interest in SkyWater Technology has recently increased by 3.57%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SkyWater Technology does not currently pay a dividend.

Dividend Growth

SkyWater Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.04% of the float of SkyWater Technology has been sold short.

Short Interest Ratio / Days to Cover

SkyWater Technology has a short interest ratio ("days to cover") of 7.

Change versus previous month

Short interest in SkyWater Technology has recently increased by 3.57%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.27

News Sentiment

SkyWater Technology has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for SkyWater Technology this week, compared to 2 articles on an average week.

Search Interest

5 people have searched for SKYT on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added SkyWater Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, SkyWater Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,730.00 in company stock.

Percentage Held by Insiders

42.55% of the stock of SkyWater Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

70.00% of the stock of SkyWater Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SKYT Stock Analysis - Frequently Asked Questions

How have SKYT shares performed this year?

SkyWater Technology's stock was trading at $9.62 at the beginning of 2024. Since then, SKYT shares have decreased by 13.0% and is now trading at $8.37.
View the best growth stocks for 2024 here.

How were SkyWater Technology's earnings last quarter?

SkyWater Technology, Inc. (NASDAQ:SKYT) released its quarterly earnings results on Wednesday, November, 3rd. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.15. The company had revenue of $35.03 million for the quarter, compared to the consensus estimate of $42.25 million. SkyWater Technology had a negative net margin of 4.75% and a negative trailing twelve-month return on equity of 12.40%.

When did SkyWater Technology IPO?

SkyWater Technology (SKYT) raised $75 million in an initial public offering (IPO) on Wednesday, April 21st 2021. The company issued 5,800,000 shares at $12.00-$14.00 per share. Jefferies, Cowen and Piper Sandler acted as the underwriters for the IPO.

Who are SkyWater Technology's major shareholders?

SkyWater Technology's top institutional investors include Emerald Advisers LLC (2.34%), Emerald Mutual Fund Advisers Trust (1.78%), Geode Capital Management LLC (1.23%) and State Street Corp (0.99%). Insiders that own company stock include Loren A Unterseher, Developments LLC Ddk, Bart L Zibrowski, Bradley Ferguson, Thomas Sonderman, Steve Manko, Mark Litecky, Steve Kosier, John Spicer, Amanda Daniel, Nancy Fares, Christopher Hilberg and Cmi Oxbow Partners, Llc.
View institutional ownership trends.

How do I buy shares of SkyWater Technology?

Shares of SKYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SkyWater Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SkyWater Technology investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Alphabet (GOOG) and Netflix (NFLX).

Company Calendar

• Last Earnings: 11/03/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SKYT
• CUSIP: N/A
• CIK: 1819974
• Web: www.skywatertechnology.com
• Phone: 952-851-5200
• Fax: N/A
• Employees: 590
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.75
• High Stock Price Target: $15.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +52.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.35)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-30,760,000.00
• Net Margins: -4.75%
• Pretax Margin: -3.41%
• Return on Equity: -12.40%
• Return on Assets: -2.47%

Debt

• Debt-to-Equity Ratio: 0.53
• Current Ratio: 0.87
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $286.68 million
• Price / Sales: 1.39
• Cash Flow: $0.35 per share
• Price / Cash Flow: 23.87
• Book Value: $1.44 per share
• Price / Book: 5.81

Miscellaneous

• Outstanding Shares: 47,660,000
• Free Float: 27,378,000
• Market Cap: $398.91 million
• Optionable: Optionable
• Beta: 3.92