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NASDAQ:SKYT

SkyWater Technology (SKYT) Stock Price, News & Analysis

SkyWater Technology logo
$13.75 +1.31 (+10.53%)
(As of 12/20/2024 05:40 PM ET)

About SkyWater Technology Stock (NASDAQ:SKYT)

Key Stats

Today's Range
$12.01
$14.65
50-Day Range
$7.90
$15.76
52-Week Range
$5.63
$19.00
Volume
1.83 million shs
Average Volume
476,187 shs
Market Capitalization
$655.27 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.75
Consensus Rating
Buy

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.

SkyWater Technology Stock Analysis - MarketRank™

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28th Percentile Overall Score

SKYT MarketRank™: 

SkyWater Technology scored higher than 28% of companies evaluated by MarketBeat, and ranked 533rd out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about SkyWater Technology's stock forecast and price target.
  • 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 -39.29, 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 -39.29, 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 10.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    10.62% 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 6.3.
  • Change versus previous month

    Short interest in SkyWater Technology has recently decreased by 6.80%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    SkyWater Technology does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    10.62% 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 6.3.
  • Change versus previous month

    Short interest in SkyWater Technology has recently decreased by 6.80%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    SkyWater Technology has a news sentiment score of 0.49. 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 0.64 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for SkyWater Technology this week, compared to 2 articles on an average week.
  • Search Interest

    10 people have searched for SKYT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added SkyWater Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.
  • 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 $71,944.00 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.

  • Read more about SkyWater Technology's insider trading history.
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SKYT Stock News Headlines

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SKYT Stock Analysis - Frequently Asked Questions

SkyWater Technology's stock was trading at $9.62 at the beginning of the year. Since then, SKYT stock has increased by 42.9% and is now trading at $13.75.
View the best growth stocks for 2024 here
.

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

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

SkyWater Technology's top institutional shareholders 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 and Christopher Hilberg.
View institutional ownership trends
.

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.

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
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:SKYT
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
-7.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-30,760,000.00
Pretax Margin
-3.41%

Debt

Sales & Book Value

Annual Sales
$345.94 million
Cash Flow
$0.52 per share
Book Value
$1.29 per share

Miscellaneous

Free Float
27,378,000
Market Cap
$655.27 million
Optionable
Optionable
Beta
3.72

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This page (NASDAQ:SKYT) was last updated on 12/21/2024 by MarketBeat.com Staff
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