SkyWater Technology (SKYT) to Release Quarterly Earnings on Monday

SkyWater Technology (NASDAQ:SKYT) is anticipated to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $74.25 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

SkyWater Technology Stock Performance

Shares of SKYT stock opened at $10.02 on Monday. SkyWater Technology has a 12 month low of $5.63 and a 12 month high of $19.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market capitalization of $477.55 million, a P/E ratio of -28.63 and a beta of 3.36. The company’s fifty day moving average price is $11.69 and its two-hundred day moving average price is $9.91.

Insider Transactions at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the sale, the director now owns 12,806,264 shares of the company’s stock, valued at $118,714,067.28. This represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SKYT shares. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of SkyWater Technology in a report on Monday, November 11th. Piper Sandler boosted their target price on shares of SkyWater Technology from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

SkyWater Technology Company Profile

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.