SkyWater Technology (SKYT) Stock

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Zacks.com users have recently been watching SkyWater Technology (SKYT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

SkyWater Technology (SKYT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced that it has signed a preliminary memorandum of terms (PMT) valued at up to $16 million with the CHIPS for America program, which is administered by the U.S. Department of Commerce. This proposed funding would provide federal incentives to enhance production capabilities at SkyWater's Minnesota facility. This funding through the CHIPS Act will accelerate modernization an.

SkyWater Technology (SKYT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

SkyWater Technology, Inc. shows impressive topline growth, but growth remains inconsistent, and real profitability is still elusive. The company's valuation is modest, trading at just over 1 times sales, but inconsistent performance and lack of sustained profitability are worrisome. I remain cautiously interested, acknowledging sales progress but wary of inconsistent results and the company's inability to maintain profitability.

Recently, Zacks.com users have been paying close attention to SkyWater Technology (SKYT). This makes it worthwhile to examine what the stock has in store.

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Tom Sonderman - President & CEO Steve Manko - CFO Claire McAdams - IR Conference Call Participants Krish Sankar - TD Cowen Nick Doyle - Needham & Company Richard Shannon - Craig-Hallum Capital Robert Aguanno - Piper Sandler Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.05 per share a year ago.