In the after-hours trading session on Friday, Akoustis Technologies Inc. (AKTS) stock had surged by 9.5% to trade at the price of $10.49. AKTS stock previously closed the session of Friday at $9.58 gaining 0.84%. The AKTS stock volume traded 0.51 million shares, which was lower than the average 3-month volume of 0.67 million shares within the past 3 months. In the past year up to date, AKTS stock had jumped by 29.63%, and in the past week, the shares jumped up 4.70%. In the past three months, the AKTS stock had shed-38.35%, however, in the past six months, AKTS had added 24.90%. Furthermore, Akoustis Technologies Inc. is currently valued in the market at $478.62 million and the outstanding shares of the company currently stand at 45.62 million.
Here’s all you need to know about Akoustis Technologies, Inc.
Akoustis Technologies, Inc., is a communication equipment company that focuses on the product and services related to radiofrequency channels and filter products. The company, through its subsidiary, Akoustis, Inc., designs, plans, produces, and sells radio recurrence (RF) channel items for the portable remote gadget industry in the United States. It works through two portions, Foundry Fabrication Services, and RF Filters. The Foundry Fabrication Services section gives designing audit consultations; and semiconductor wafer-producing and micro-electromechanical frameworks foundry services. The RF Filters section comprises amplifiers and filter products. It offers RF channels for portable remote gadgets, for example, cell phones and tablets, cell foundation gear, Wi-Fi client premise hardware, military, and guard applications. The organization was joined in 2013 and is settled in Huntersville, North Carolina.
The company is taking part 18th Annual Craig-Hallum Institutional Investor Conference
Akoustis has announced that it will take part in the 18th Annual Craig-Hallum Institutional Investor Conference(to be referred to as “the conference” or “Craig-Hallum conference”). The conference will take place on the 2nd of June marking Wednesday on the calendar. Furthermore, the event will take place virtually due to the well-known fact that social-distancing SOPs still need to be implemented, despite the growth in vaccine drives and distributions we are not out of the blue yet.
The company is progressing to catch up with the 5G technology and entering into the 5G business space by working on developing filter solutions. Furthermore, along with the 5G, there is an expected growth in the demand for WiFi 6E for 2022, thus AKTS stock is producing massive volumes of WiFi 6 tandem filter solutions/coexistence XBAW® filter solutions as well as 5G cell XBAW® filter solutions. Akoustis currently has 15 commercial XBAW filters in its product portfolio that cover various ranges of GHz filter and is developing new filters for 5G mobile devices, infrastructures as well as the defense market.
The company will possibly be aiming to create ties with investors in the Craig-Hallum conference towards its future outlook and business highlights to attract them in the company’s investment portfolio.