What Are The Risk Factors For SkyWater Technology Inc. (SKYT)?


As of Wednesday close, SkyWater Technology Inc.’s (NASDAQ:SKYT) stock was up $0.07, moving up 0.75 percent to $9.37. The average number of shares traded per day over the past five days has been 196,340 shares. 1 time new highs have been achieved over the past 5 days, with a $0.36 gain in that time frame. In the last twenty days, the average volume was 333,185, while in the previous 50 days, it was 261,386.

Since last month, SKYT stock rose 21.53%. Shares of the company fell to $7.03 on 10/24/22, the lowest level in the past month. A 52-week high of $20.95 was reached on 08/16/22 after having rallying from a 52-week low of $4.43. Since the beginning of this year, SKYT’s stock price has dropped by -42.23% or -$6.85, and marked a new high 3 times. However, the stock has declined by -55.27% since its 52-week high.

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SKYT stock investors should be aware that SkyWater Technology Inc. (SKYT) stock had its last reported insider trading activity 9 days ago on Nov 15. DDK Developments, L.L.C., the 10% Owner of the company, disposed of 26,107 shares for $10.08 on Nov 15. It resulted in a $263,130 divestment by the insider. Zibrowski Bart L sold 26,107 shares at an average price of $10.08 on Nov 15. The insider now owns 5,172,976 shares following the transaction. On Nov 10, CFO Manko Steve sold 11,000 shares at $12.03 apiece. The transaction was valued at $132,341.

Financial Health

In the three months ended June 29, SkyWater Technology Inc.’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.25, and the total debt-to-equity ratio was 2.30. On the profitability front, the trailing twelve-month gross margin is 3.30% percent. In the year ended June 29, operating margins totaled -31.50%. Based on annual data, SKYT earned -$7.47 million in gross profit and brought in $162.85 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.00%. Return on equity (ROE) for the past 12 months was -138.40%.

In SkyWater Technology Inc.’s quarter-end financial report for June 29, it reported total debt of $72.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SKYT’s revenue rose 33.06% to $47.41 million during the quarter, while net income inched up to $52.33 million. While analysts expected SkyWater Technology Inc. to report -$0.27 quarterly earnings, the actual figure was -$0.27 per share. During the quarter, the company generated $2.17 million in EBITDA. The liabilities of SkyWater Technology Inc. were 234.87 million at the end of its most recent quarter ended June 29, and its total debt was $89.15 million. The value of shareholders’ equity is $41.62 million.

Technical Picture

This quick technical analysis looks at SkyWater Technology Inc.’s (SKYT) price momentum. With a historical volatility rate of 83.90%, the RSI 9-day stood at 50.35% on 23 November.

With respect to its five-day moving average, the current SkyWater Technology Inc. price is up by +4.00% percent or $0.36. At present, SKYT shares trade +18.16% above its 20-day simple moving average and +48.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.64% below its SMA50 and -5.26% below its SMA200.

Stochastic coefficient K was 32.47% and Stochastic coefficient D was 32.38%, while ATR was 0.82. Given the Stochastic reading of 31.21% for the 14-day period, the RSI (14) reading has been calculated as 51.91%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at -0.63.

Analyst Ratings

Craig Hallum launched its rating on SkyWater Technology Inc. (NASDAQ: SKYT) to a Buy in a note to investors on April 26, 2022. SkyWater Technology Inc. (SKYT) has been rated Buy by analysts. According to 0 brokerage firms, SKYT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SkyWater Technology Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $18.00, the current consensus forecast for the stock is $10.00 – $20.00. Based on these forecasts, analysts predict SkyWater Technology Inc. (SKYT) will achieve an average price target of $16.40.


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