SkyWater Technology, Inc. (SKYT) Is a Trending Stock: Facts to Know Before Betting on It

Zacks11-14 22:00

SkyWater Technology, Inc. (SKYT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance ...

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So, it might be a good idea to review some of the factors that might affect the near-term performance ...</p>\n\n<a href=\"https://finance.yahoo.com/news/skywater-technology-inc-skyt-trending-140017299.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SkyWater Technology, Inc. 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(SKYT) Is a Trending Stock: Facts to Know Before Betting on It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/skywater-technology-inc-skyt-trending-140017299.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SkyWater Technology, Inc. (SKYT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance ...</p>\n\n<a href=\"https://finance.yahoo.com/news/skywater-technology-inc-skyt-trending-140017299.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://finance.yahoo.com/news/skywater-technology-inc-skyt-trending-140017299.html","article_id":"2483002898","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/w.ILboV799eZj6zbyZJ3SQ--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/5ecaf2a9bf082a5f3a554e6526b34be0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483002898","pubTimestamp":1731592817,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"SkyWater Technology, Inc.  is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned -15.8%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Electronics - Semiconductors industry, which SkyWater Technology falls in, has lost 4.1%. The key question now is: What could be the stock's future direction?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to incr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","SKYT":"SkyWater Technology, Inc.","BK4141":"半导体产品"},"translate_title":"SkyWater Technology,Inc.(SKYT)是一只热门股票：押注之前需要了解的事实","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKYT":1},"content_text":"SkyWater Technology, Inc. (SKYT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.\nOver the past month, shares of this company have returned -15.8%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Electronics - Semiconductors industry, which SkyWater Technology falls in, has lost 4.1%. The key question now is: What could be the stock's future direction?\nWhile media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.\nEarnings Estimate Revisions\nRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.\nWe essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.\nSkyWater Technology is expected to post a loss of $0.02 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.\nThe consensus earnings estimate of -$0.10 for the current fiscal year indicates a year-over-year change of +41.2%. This estimate has changed -9.4% over the last 30 days.\nFor the next fiscal year, the consensus earnings estimate of $0.05 indicates a change of +150% from what SkyWater Technology is expected to report a year ago. Over the past month, the estimate has remained unchanged.\nWith an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for SkyWater Technology.\nThe chart below shows the evolution of the company's forward 12-month consensus EPS estimate:\n12 Month EPS\nRevenue Growth Forecast\nWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.\nFor SkyWater Technology, the consensus sales estimate for the current quarter of $74.1 million indicates a year-over-year change of -6.4%. For the current and next fiscal years, $340.9 million and $325.6 million estimates indicate +18.9% and -4.5% changes, respectively.\nLast Reported Results and Surprise History\nSkyWater Technology reported revenues of $93.82 million in the last reported quarter, representing a year-over-year change of +31%. EPS of $0.08 for the same period compares with -$0.05 a year ago.\nCompared to the Zacks Consensus Estimate of $94.65 million, the reported revenues represent a surprise of -0.88%. The EPS surprise was +500%.\nOver the last four quarters, SkyWater Technology surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.\nValuation\nNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.\nWhile comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.\nThe Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.\nSkyWater Technology is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.\nBottom Line\nThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about SkyWater Technology. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSkyWater Technology, Inc. (SKYT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483002898"}