AKTS - Akoustis: Valuation Metrics Show Disruptor Is Severely Undervalued
- My investment thesis in RF-Filter disruptor Akoustis has certainly not panned out. At least not so far.
- AKTS has been beaten down to under $7. That's below where it was a year ago - before a number of big contract wins prior to a well-timed stock sale.
- Indeed, as I reported in Seeking Alpha articles, AKTS previously took advantage of a soaring stock price to sell shares to institutions at $17.16/share & $14.36/share.
- That being the case, investors today can buy the stock at half-off those prices and before revenue skyrockets next year.
- Meantime, the most recent quarterly revenue was up 290% yoy, and next quarter's revenue is expected to nearly double on a sequential basis.
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Akoustis: Valuation Metrics Show Disruptor Is Severely Undervalued