Alpha Teknova Inc (TKNO) Shares Plummet Below 1-Year High

The stock of Alpha Teknova Inc (NASDAQ: TKNO) has decreased by -11.03 when compared to last closing price of 2.81.Despite this, the company has seen a gain of 3.73% in its stock price over the last five trading days. GlobeNewsWire reported 2024-02-21 that HOLLISTER, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — Alpha Teknova, Inc. (“Teknova”) (Nasdaq: TKNO), a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, today announced that the Company will report its financial results for the fourth quarter and full year ended December 31, 2023, on Monday, March 11, 2024, following the close of market.

Is It Worth Investing in Alpha Teknova Inc (NASDAQ: TKNO) Right Now?

Moreover, the 36-month beta value for TKNO is 0.23. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for TKNO is 10.44M and currently, short sellers hold a 0.48% of that float. On April 03, 2024, TKNO’s average trading volume was 13.11K shares.

TKNO’s Market Performance

The stock of Alpha Teknova Inc (TKNO) has seen a 3.73% increase in the past week, with a -12.59% drop in the past month, and a -32.98% fall in the past quarter. The volatility ratio for the week is 10.37%, and the volatility levels for the past 30 days are at 7.73% for TKNO. The simple moving average for the past 20 days is -9.63% for TKNO’s stock, with a -9.29% simple moving average for the past 200 days.

TKNO Trading at -17.19% from the 50-Day Moving Average

After a stumble in the market that brought TKNO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.45% of loss for the given period.

Volatility was left at 7.73%, however, over the last 30 days, the volatility rate increased by 10.37%, as shares sank -15.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.53% lower at present.

During the last 5 trading sessions, TKNO rose by +3.73%, which changed the moving average for the period of 200-days by -35.90% in comparison to the 20-day moving average, which settled at $2.74. In addition, Alpha Teknova Inc saw -32.98% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TKNO starting from Gelhaus Ken, who purchase 3,587 shares at the price of $1.73 back on Nov 30 ’23. After this action, Gelhaus Ken now owns 22,924 shares of Alpha Teknova Inc, valued at $6,220 using the latest closing price.

Telegraph Hill Partners IV, L., the 10% Owner of Alpha Teknova Inc, purchase 6,917,837 shares at $1.85 during a trade that took place back on Sep 19 ’23, which means that Telegraph Hill Partners IV, L. is holding 21,859,660 shares at $12,797,998 based on the most recent closing price.

Stock Fundamentals for TKNO

Current profitability levels for the company are sitting at:

  • -0.91 for the present operating margin
  • 0.27 for the gross margin

The net margin for Alpha Teknova Inc stands at -1.0. The total capital return value is set at -0.28. Equity return is now at value -38.73, with -26.19 for asset returns.

Based on Alpha Teknova Inc (TKNO), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -1.25. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 59.0.

Currently, EBITDA for the company is -24.84 million with net debt to EBITDA at -0.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 9.29for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.14.

Conclusion

To wrap up, the performance of Alpha Teknova Inc (TKNO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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